New vehicle sales in Taiwan last month fell 13.4 percent from the previous month to 38,231 units due to fewer working days, which affected the issuance of new license plates.
However, last month’s figure was up 8.4 percent from a year earlier and the highest in 18 years for the month of April, as purchase momentum remained stable and some imported brands had sufficient models for sale, online market researcher U-Car.com said in a report yesterday.
Sales of imported brands — including Mercedes-Benz, Lexus, Audi, BMW, Volkswagen and Mazda — fell 9.4 percent month-on-month, but rose 22.1 percent annually to 18,651 units, U-Car said.
Photo: AFP
The overall market share of imported brands increased to 48.8 percent last month, from 46.6 percent the previous month, it said.
Sales of Lexus vehicles rose 93.2 percent annually to 3,151 units, while Mercedes-Benz sales grew 16.4 percent to 2,233 units and Volkswagen sales jumped 107.7 percent to 1,531 units, U-Car said.
Lexus has been the No. 1 imported brand in Taiwan for three consecutive months, the researcher’s data showed.
Hotai Motor Co (和泰汽車), which distributes Toyota and Lexus vehicles in Taiwan, reported sales of 13,251 units last month, up 6 percent from a year earlier thanks to robust demand for Corolla Cross sports utility vehicles (SUVs), U-Car said.
Steady demand for Toyota RAV4 SUVs, Altis sedans and compact Yaris cars also boosted Hotai’s sales last month, maintaining the company’s market lead with a share of 34.6 percent, it said.
Toyota is far ahead of second-placed Mercedes-Benz with a market share of 5.8 percent, U-Car data showed.
Nan Yang Industries Co (南陽實業), which distributes Hyundai vehicles, ranked third with sales of 2,060 units and a market share of 5.4 percent.
Ford Lio Ho Motor Co (福特六和) sold 1,930 vehicles with a market share of 5 percent, ahead of Nissan and Infiniti distributor Yulon Nissan Motor Co (裕隆日產), which sold 1,855 units and had a market share of 4.9 percent.
From January to last month, total new vehicle sales in Taiwan rose 7.5 percent year-on-year to 149,999 units, with sales of imported brands increasing 17.8 percent from a year earlier to 69,580 units.
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
Taiwanese manufacturers have a chance to play a key role in the humanoid robot supply chain, Tongtai Machine and Tool Co (東台精機) chairman Yen Jui-hsiung (嚴瑞雄) said yesterday. That is because Taiwanese companies are capable of making key parts needed for humanoid robots to move, such as harmonic drives and planetary gearboxes, Yen said. This ability to produce these key elements could help Taiwanese manufacturers “become part of the US supply chain,” he added. Yen made the remarks a day after Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) said his company and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) are jointly
United Microelectronics Corp (UMC, 聯電) expects its addressable market to grow by a low single-digit percentage this year, lower than the overall foundry industry’s 15 percent expansion and the global semiconductor industry’s 10 percent growth, the contract chipmaker said yesterday after reporting the worst profit in four-and-a-half years in the fourth quarter of last year. Growth would be fueled by demand for artificial intelligence (AI) servers, a moderate recovery in consumer electronics and an increase in semiconductor content, UMC said. “UMC’s goal is to outgrow our addressable market while maintaining our structural profitability,” UMC copresident Jason Wang (王石) told an online earnings
MARKET SHIFTS: Exports to the US soared more than 120 percent to almost one quarter, while ASEAN has steadily increased to 18.5 percent on rising tech sales The proportion of Taiwan’s exports directed to China, including Hong Kong, declined by more than 12 percentage points last year compared with its peak in 2020, the Ministry of Finance said on Thursday last week. The decrease reflects the ongoing restructuring of global supply chains, driven by escalating trade tensions between Beijing and Washington. Data compiled by the ministry showed China and Hong Kong accounted for 31.7 percent of Taiwan’s total outbound sales last year, a drop of 12.2 percentage points from a high of 43.9 percent in 2020. In addition to increasing trade conflicts between China and the US, the ministry said