cens logo

The Number of Registered Vehicles in Rising in March

Mar 25, 2020 | By CENS

The new crown pneumonia epidemic has spread and hit many industries, but the Taiwan auto market has achieved good results. According to the latest statistics, the number of listings in the first 20 days of March was 19,297 units, a significant increase of 35.8% over the same period last year. The opportunity surpassed the original estimated 33,000 units of the leading auto market and Thai car. The initial estimate for the whole month is an annual increase of 20% compared with the same period last year.

Provided by Economic Daily News
Provided by Economic Daily News
According to the traditional sales model of the auto market, generally at the end of the month, the sales staff will get more licenses in order to achieve performance, and the number of sales in the last ten days in the second half will be equivalent to the number of units in the first 20 days.

If this tradition is followed, the performance in March this year is quite optimistic. However, there are only six working days in the ten days after this month, which cannot be doubled directly, but it is a rare March glory. Under the influence of this new crown pneumonia epidemic, the automobile industry is considered a severe disaster industry. Mainly due to the long stoppage in the mainland, the supply chain has broken down, the output of car factories has been affected, and the cost has continued to rise, but as of the first 20 days, buying gas has continued to flourish unexpectedly.

Leading car manufacturers and Thai cars pointed out that after the epidemic, although the number of people visiting cars in the store was reduced by 20% to 30%, the number of transactions did not decrease. The number of listings in February was 27,000, which was nearly 40% higher than the same period last year. In the first 20 days of March, 19,297 units increased by 35.8% compared with the same period of last year. According to the analysis of car dealers, the car market is not afraid of the epidemic, and it may be that many people have doubts about the mass transportation system. In order to reduce the opportunity of contact with the crowd and strengthen the willingness to purchase cars, at the same time, the sales staff are also more active visitors, and the price range Larger, attracting consumers to decide to buy a car.

Under the same considerations, not only the growth of automobile sales, but also the demand for locomotive continues to increase, and even the sharing of business opportunities for automobiles and locomotive is booming. According to the listing statistics of the Supervision Institute, the sales of Hetai, Mitsubishi, Mercedes, Tesla, and BMW all increased during the first 20 days of March compared with the same period last year. Imported cars performed better, and the proportion of the overall auto market again came to 52.9. %, The supply of domestic cars is one of the factors affecting market share.

In particular, the demand for imported cars sees the car market in hot demand, and the successive introduction of new cars has also effectively driven market demand. For example, Tesla sales increased 25 times compared with the same period last year, mainly because the model 3 of the same period last year has not yet been listed on the market. The Model 3 has already listed 852 units in the first 20 days of March. Hotay was the launch time of two RAV4 and Altis god cars last March. Altis only started delivery in April, which also allowed the growth rate to reach 65%.


Industry Reports

(File cabinets, photo courtesy of Chyn Fuh Enterprise Co., Ltd.)

Taiwan's Furniture Industry Amid the COVID-19 Pandemic

Oct 16, 2020

The COVID-19 pandemic has deeply affected global and Taiwan's political and economic landscapes. Unlike some industries, the furniture sector did not escape unscathed, facing a squeeze from management and costs. While Taiwan continues to implement a stable, successful outbreak response, the industry has also misjudged the economic downturn duration. The furniture industry has yet to fully recover...


2020 Energy Vision Summit for Green Energy to Kick off in Nov.</h2>

2020 Energy Vision Summit for Green Energy to Kick off in Nov.

Oct 14, 2020

The Taiwanese government has pledged to lead the effort in further developing the sustainable green economy, which is among the sectors highlighted in the Tsai administration's "5+2 Innovative Industries Initiative." Economic Daily News is hosting the "2020 Energy Vision Summit - Green Energy 2.0" on November 11. As one of the government's core policies, improving the island's energy self-suff...


U.S. Biz Day to Kick off On Oct. 15 Virtually with 18 American Firms</h2>

U.S. Biz Day to Kick off On Oct. 15 Virtually with 18 American Firms

Oct 12, 2020

According to Economic Daily News, the 2020 U.S. Business Day is slated to open this Thursday (Oct. 15), citing sources that a total of 18 buyers, including Amazon, will be attending the conference. American firms with backgrounds in electronics, ICT, auto parts, rubber products, and textiles will be attending. The Taiwan External Trade Development Council primarily aggregated Taiwan's attendin...



Industry In-Focus

Foxconn Engages European Auto Parts Talks for Tier 1 and EV Market Entry </h2>

Foxconn Engages European Auto Parts Talks for Tier 1 and EV Market Entry

Oct 20, 2020

Foxconn is looking to explore cooperation with European tier 1 auto parts suppliers in developing 3D auto-use curved glass covers. The electronics manufacturer is also reportedly engaging in talks with European auto firms to make curved, one-piece system consoles and dashboards. In a bid to diversify its product line, Foxconn's plans to enter the lucrative auto parts industry began with provid...


China's Strong Auto Market to Buoy Taiwan's Related Industries</h2>

China's Strong Auto Market to Buoy Taiwan's Related Industries

Oct 19, 2020

Taiwan's auto parts market has seen positive impacts as the Chinese automotive market continues to grow in its sixth consecutive month. Hotai Motors and Yulon Nissan Motor are the two significant firms enjoying the leverage. The island's related industries are benefiting from the strong performance of China's automotive market. Industry members say as long as competitive Taiwanese firms mainta...


Foundry Supply in a Pickle Amid Surging Demand Due to Pandemic and Restrictions</h2>

Foundry Supply in a Pickle Amid Surging Demand Due to Pandemic and Restrictions

Oct 19, 2020

Industry experts expect to see challenging times ahead for production in the foundry sector, forecasting that the current situation will not let up in the short-term and warns of unbalanced supply-demand next year. During the pre-pandemic era, IC design firms say clients usually made urgent orders to avoid having to manage inventory. Yet, considering limited foundry production volume, clients ...



Supplier News

(Electric Vehicle-Photo courtesy of CENS)

Microtest: Precise, Reliable, and Always Improving

Oct 16, 2020

Eyes Stake in 5G Industry with Impedance Analyzer 6632 With greater demand for electronics and manufacturers' need for more precise and diverse applications than before, testing equipment that ensures the reliability, safety, and quality of parts are in hot demand. Founded in 1993, Microtest Corp. is a professional maker and developer of high precision and automatic testing and measurement ins...


(Photo courtesy of Ho Shuan Enterprise Co., Ltd.)

Ho Shuan is Your Choice for Educational Furniture and More

Oct 16, 2020

Insisting that its customers are always a top priority, Ho Shuan Enterprise Co., Ltd.'s R&D team provides the best educational furniture and peripherals, computer tables, and desks to meet all customer requirements. Established in 1986, Ho Shuan has experienced recent sluggish local market performance, but eventually rebounded and came back better than ever. Despite difficulties, the firm neve...

HO SHUAN ENTERPRISE CO., LTD.


(S16-M01 Short Swivel-Handle Cabinet, photo courtesy of Chyn Fuh Enterprise)

Chyn Fuh: A Quality OA Metal Furniture Maker

Oct 16, 2020

Chyn Fuh Enterprise, founded in 1993, entered the market with the sole aim of offering other OA metal furniture options for customers. Since its inception, Chyn Fuh has focused on designing and producing OA metal furniture, providing various office use products, including file cabinets, storage cabinets, office desks, and different assistive metal products. Chyn Fuh partook in many government ...

CHYN FUH ENTERPRISE CO., LTD.



Insiders' Views

Caption: Pictured from front row, third right, Changhua County Government Economic Affairs Department Director Liu Yu-ping, County Magistrate Wang Huei-mei, Secretary Chen Bo-tsun pose in front of the exhibition booth. (Photo provided by CHCIA)

Changhua County Government Shores up Biz-Matching to Global Buyers

Nov 18, 2019

■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...


Paul Master offers high-quality chassis and engines parts for passenger cars, trucks, and industrial trucks. (Photo courtesy of Paul Master)

Paul Master Builds Reputation with Auto Chassis and Engine Parts

Nov 18, 2019

Founded in 1980, Paul Master Auto Parts Co. is headquartered in Taiwan, a professional manufacturer of chassis and engines parts for passenger cars, trucks, and industrial trucks including forklifts. General Manager Terry Liang said the company has its own professional design department, which provides customized products and specifications for global buyers, including automobile steering and...

PAUL MASTER AUTO PARTS CO.


Nan Hoang Traffic Instrument Co., Ltd.</h2><p class='subtitle'>Taiwan First brakes Technology Co., Ltd. </p>

Nan Hoang Traffic Instrument Co., Ltd.

Taiwan First brakes Technology Co., Ltd.

Sep 04, 2019

Nan Hoang Traffic Instrument Co., Ltd is one of the major manufacturers of automobile friction materials in Taiwan and globally. Chairman Austin Cheng has implemented the double-arrow strategy this year - own brand of “YangPo” is adopted to focus on global channels while the “NHC brand focuses on improving market shares in global markets, such as Europe, America, Asia, Australia, and the Middle E...



Exhibition Highlights

Gearing up for Post-COVID Recovery, THS Coming Soon in October</h2>

Gearing up for Post-COVID Recovery, THS Coming Soon in October

Oct 07, 2020

As the only hardware and hand tools trade show taking place this year globally, the three-day Taiwan Hardware Show (THS) will soon kick off on 13th October at the Taichung International Exhibition Center. Positive industry outlook for the post COVID-19 era has led to over 370 companies signing up as exhibitors, in a bid to gear up for a long-awaited economic recovery and plan the next strategic m...


Stable Development and Popular Fastener Show in China</h2>

Stable Development and Popular Fastener Show in China

Sep 11, 2020

Driven by market prospects, domestic and international exhibitors actively prepare International Fastener Show China in Shanghai on November 3-5, 2020. Suffering from global epidemic and quarantine nearly half year, exhibitions are hot and popular in mainland China. Thousands of visitors join and visit the exhibitions with inquiries, and are eager to know new technology. Domestic and inter...


2020 Medical Taiwan to Host In-Person and Virtual Events</h2>

2020 Medical Taiwan to Host In-Person and Virtual Events

Sep 10, 2020

2020 Medical Taiwan is slated to kick off on Oct. 15 to Oct 17 at Nangang Exhibition Hall 2. Aside from events at the show, show organizer Taiwan External Trade Development Council (TAITRA) is also hosting the “Medical Taiwan Virtual” online edition at the same time due to travel restrictions impacted by the COVID-19 pandemic. The virtual edition will present 200 exhibitors and over 700 medic...