Total car sales nationwide rose 3.4 percent to 378,456 units last year from the 365,871 recorded a year ago, the latest industrial data showed.
Hotai Motor Co (和泰汽車), which sells Toyota and Lexus models, continue to lead the market by selling 127,220 cars, accounting for 33.6 percent of the market share last year. The company’s sales rose 2.8 percent from a year ago.
Hotai Motor sold 37,038 units of Corona Altis sedan last year, making it the best-selling car for the past 13 years.
The firm also sold 17,477 units of Wish minivan and 15,785 imported RAV4 SUVs, the second and fourth-bestselling cars respectively.
Yulon Nissan Motor Co (裕隆日產), which distributes Nissan and Infiniti cars, replaced China Motor Corp (中華汽車) as the second-largest car distributor, selling 44,010 cars, which accounted for 11.6 percent of the market, the data showed.
Yulon Nissan’s sales increased 7.6 percent from 2012.
The company distributed 17,191 units of the Big TIIDA family car, the nation’s third-bestselling car, and 14,291 units of Livina, a compact, multipurpose vehicle and the sixth-bestselling car of the year.
China Motor, the local manufacturer of Mitsubishi cars, sold 42,060 cars, taking a 11.1 percent of the market share.
The figure was down 13.1 percent from a year earlier, according to the industry data.
The New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
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