New car sales plummet 37% on fewer working daysBy Lisa Wang / Staff reporterNew vehicle sales in Taiwan plunged about 37 percent sequentially last month as the long Lunar New Year holiday and 228 Peace Memorial Day holiday cut short the number of working days, along with the lingering uncertainty over import tax cuts on US vehicles, market researcher U-Car said in a report yesterday. New car sales last month totaled 22,043, slumping from 35,073 units in January and down 19.89 percent from 37,515 in February last year, U-Car data showed. New car sales this month are expected to rebound to 36,000 units, thanks to government tax incentives, including a deduction of up to NT$100,000 in commodity tax per car when retiring old vehicles, a major car distributor projected. Robust economic growth this year would also help stimulate car sales, Hotai said. Hotai sold 8,606 vehicles last month, down 17.1 percent year-on-year, with a market share of 39 percent.

Source: Taipei Times March 02, 2026 17:11 UTC