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Small luxury SUV sales in Taiwan soar in first half of 2015

Small luxury SUV sales in Taiwan soar in first half of 2015

Taipei, July 15 (CNA) Sales of small and mid-size luxury sport utility vehicles (SUVs) in Taiwan soared nearly three-fold during the first six months of 2015 because of more SUV models coming on to the market, according to a local agent. Hotai Motor Co. (????), Taiwan's largest automobile retailer and the distributor of Toyota and Lexus cars, said in a news release on Tuesday that Taiwan's luxury car sales increased nearly 20 percent year-on-year in the first half of 2015. The growth was driven by improving economic prospects, falling international oil prices and a general trend among consumers to replace older cars, Hotai Motor said. In particular, sales of small and mid-size SUVs with a length of under 4.7 meters surged by 279.6 percent during the January-to-June period of this year after the launches of new models such as the Lexus NX, Porsche Macan and Benz GLA, Hotai Motor said. The expanding range of choice has increased the ratio of small and mid-size SUVs as a percentage of overall luxury car sales in Taiwan from 13 percent in 2014 to 20 percent in the first half of 2015, according to Hotai Motor. The local agent said its Lexus NX was the best-selling small and mid-size luxury SUV in Taiwan in the first and second quarters of the year, carving out a market share of nearly 30 percent with over 2,000 units sold. (By Jeffrey Wu)


Updated : 2021-09-17 18:33 GMT+08:00