Total car sales nationwide last month grew 5 percent from March because fewer customers were waiting for prices to go down amid the depreciation of the yen, the latest industrial data showed yesterday.
Sales of new vehicles reached 28,844 units last month, up 5 percent from 27,472 units the previous month and 0.8 percent from 28,613 cars a year ago, statistics compiled by the data communication branch of Chunghwa Telecom Co (中華電信) showed.
From January through last month, total car sales reached 119,131, down 4.2 percent from the previous year, data showed.
Hotai Motor Co (和泰汽車), which distributes Toyota and Lexus models, continued to lead the market, selling 9,848 units last month to hold a market share of 34.1 percent.
Hotai yesterday said its car sales last month grew 0.6 percent from a year ago and 23.4 percent from a month ago.
“The monthly increase was mainly due to stronger sales of Toyota-brand cars, as sales of imported brands such as Lexus remained flat last month,” a Hotai official who declined to be named said by telephone.
“Although total car sales from January through last month were still 4.2 percent lower than a year earlier, we believe sales can pick up later this year as large-scale promotions begin,” he said.
China Motor Corp (CMC, 中華汽車), No. 2 in the market, sold 3,482 cars to gain a market share of 12.1 percent.
Yulon Nissan Motor Co (裕隆日產) came in third with 3,289 cars sold and a 11.4 percent market share, the data showed.