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Taiwan`s New PTW Sales in Feb. Down 46.9% YoY

2010/03/09
Taipei, March 9, 2010 (CENS)--The sales of new powered two-wheelers (PTWs) in Taiwan in February totaled 23,150 units, down 46.9% year-on-year (YoY) but more than doubled from only 11,700 in January, according to statistics compiled by the Ministry of Transportation and Communications (MOTC).

The long-term No. 2 player Yamaha Motor Taiwan Co. gained a surprising 51.3% market share last month, but admitting the share was abnormal.

Kwang Yang Motor Co., Ltd., the No. 1 player in the past 10 straight years, said that it would publicize sales figures after March, when most distributors will have digested the so-called `new secondhand` models, which are pre-licensed to win higher sales bonus or government subsidy.

Industry insiders said that about 100,000 `new secondhand` PTWs were licensed in late 2009 due to the government`s US$123 subsidy given each PTW sold in Taiwan, which expired on the last day of 2009. Such pre-licensing is expected to clearly affect normal new-PTW sales in the first half.

However, they added, the strong month-on-month (MoM) shipment growth in February bodes well for new PTW sales in the following months.

New PTW Sales in Taiwan (Jan.-Feb.)
Maker Feb.
Volume
Market Share YoY Jan.-Feb.
Volume
Market Share YoY
Yamaha Taiwan 11,865 51.3% -22.1% 15,799 45.3% -22.8%
SYM 5,711 24.7% -46.5% 9,434 27.1% -41.4%
KYMCO 5,017 21.7% -65.1% 8,600 24.7% -56.6%
Others 557 2.3% -- 1,015 2.9% --
Total 23,150 100.0% -46.9% 34,848 100.0% -43.3%

(by Quincy Liang)
 
 
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