By Lisa Wang / Staff reporterOverall car sales nationwide would shrink about 2.3 percent this year as consumers tend to reduce spending on big-ticket items during economic slowdowns, Hotai Motor Co (和泰汽車) said yesterday. New car sales might drop to about 425,000 units this year, compared with 435,000 units last year, a second year of contraction, Su said. To stimulate sales, Hotai plans to launch revamps of Toyota RAV4 sports utility vehicle (SUV) and Altis sedan models next month. The sales growth would also be driven by the new Lexus UX SUV, it said. Hotai plans to grow its car rental service by adding the hybrid compact sedan Prius C to its fleet, Su said.

Source: Taipei Times February 12, 2019 15:56 UTC