TAIPEI – New-car sales in Taiwan fell to a 22-year low of 19,495 units in May, a 29.6% decline from like-2007. The result was a 3.4% dip from April, statistics compiled by Taiwan’s Ministry of Transportation and Communications show. Year-to-date, new-car sales totaled 112,000 units. JPMorgan Securities (Taiwan) Ltd. projects domestic auto sales will drop to 270,000 units this year. Meanwhile, there is increasing evidence that rising fuel prices are causing Taiwanese drivers to switch ...
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