New car sales last month soared 57.1 percent to 38,042 from February, an annual increase of 1.2 percent, on the back of new models, dealers’ data showed.
Hotai Motor Co (和泰汽車), the sales agent for Japan’s Toyota Motor Corp, remained the nation’s No. 1 car supplier by taking a 27.8 percent market share on sales of 10,562 units, up more than 50 percent from a month earlier, but down 6.9 percent from a year earlier.
China Motor Corp (中華汽車), which sells Mitsubishi sedans and its own models, came in second on sales of 4,564 cars, also up more than 50 percent from February, to take a 12 percent market share, thanks to strong buying of its small commercial vehicles, analysts said.
Yulon Nissan Motor Co (裕隆日產) took the third spot on sales of 3,414 units with a 9 percent market share, the data showed.
Honda Taiwan Co (台灣本田) ranked as the fourth-biggest car supplier with 2,976 units sold and taking a 7.8 percent market share, followed by Mercedes-Benz Taiwan (6.5 percent), Ford Lio Ho Motor Co (福特六和) (4.7 percent) and BMW AG (4.6 percent).
Volkswagen AG made a strong comeback by selling 1,471 cars, up 55.9 percent from a year earlier, to rank among the top 10 suppliers.
In the first quarter of this year, 107,687 cars were sold nationwide, up 1 percent from a year earlier, with Hotai retaining its position as top-seller with 29.1 percent market share.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
READY TO BUY: Shortly after Nvidia announced the approval, Chinese firms scrambled to order the H20 GPUs, which the company must send to the US government for approval Nvidia Corp chief executive officer Jensen Huang (黃仁勳) late on Monday said the technology giant has won approval from US President Donald Trump’s administration to sell its advanced H20 graphics processing units (GPUs) used to develop artificial intelligence (AI) to China. The news came in a company blog post late on Monday and Huang also spoke about the coup on China’s state-run China Global Television Network in remarks shown on X. “The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said. “Today, I’m announcing that the US government has approved for us
UNCERTAINTIES: Exports surged 34.1% and private investment grew 7.03% to outpace expectations in the first half, although US tariffs could stall momentum The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its GDP growth forecast to 3.05 percent this year on a robust first-half performance, but warned that US tariff threats and external uncertainty could stall momentum in the second half of the year. “The first half proved exceptionally strong, allowing room for optimism,” CIER president Lien Hsien-ming (連賢明) said. “But the growth momentum may slow moving forward due to US tariffs.” The tariff threat poses definite downside risks, although the scale of the impact remains unclear given the unpredictability of US President Donald Trump’s policies, Lien said. Despite the headwinds, Taiwan is likely
The National Stabilization Fund (NSF, 國安基金) is to continue supporting local shares, as uncertainties in international politics and the economy could affect Taiwanese industries’ global deployment and corporate profits, as well as affect stock movement and investor confidence, the Ministry of Finance said in a statement yesterday. The NT$500 billion (US$17.1 billion) fund would remain active in the stock market as the US’ tariff measures have not yet been fully finalized, which would drive international capital flows and global supply chain restructuring, the ministry said after the a meeting of the fund’s steering committee. Along with ongoing geopolitical risks and an unfavorable
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