Yulon Motor cuts sales forecast in Taiwan by 3.8%By Lisa Wang / Staff reporterYulon Motor Co (裕隆汽車) yesterday cut its forecast of vehicle sales in Taiwan to 427,000 units this year, attributable to effects of the COVID-19 pandemic, as well as supply constraints of automotive semiconductors and shipping containers. Yulon forecast that sales would decline 3.8 percent from 444,000 vehicles sold last year. Yulon Motor Co senior vice president Lee Chien-hui, right, and deputy spokesperson Hsieh Hsun-kuei attend an investors’ conference in Taipei yesterday. Photo: Amy Yang, Taipei TimesThe government might also phase out incentives for replacing older vehicles, which would weigh on the market, Yulon vice president Lee Chien-hui (李建輝) told investors in Taipei. Due to concerns over the possible cancelation of the policy, vehicle sales in the first quarter increased by 17.3 percent year-on-year to 118,000 units, he said.

Source: Taipei Times April 14, 2021 15:56 UTC