New car sales up 78.4%, report saysBy Lisa Wang / Staff ReporterNew car sales in Taiwan last month reached 39,318 units, a 78.4 percent increase from the previous month, as the number of working days returned to normal from a mere 14 days in February, market researcher U-Car said in a report yesterday. A renewal of government tax incentives, such as the NT$100,000 commodity tax deduction for buying a new car and retiring an old one, also helped boost sales, the researcher said. Photo: Peter Lo, Taipei TimesIn the first quarter of this year, car sales slid 3.4 percent year-on-year to 96,434 units, setting a positive tone for the market going forward, the researcher said. “For the domestic car market, the first quarter sales figure means a stable beginning of the year,” U-Car said. Imported vehicles’ market share rose from 47.2 percent in the previous month to 52.1 percent last month, it added.
