Market Chatter: Hotai Motor CEO Trims Auto Sales Forecast Amid Supply Constraints
Hotai Motor (TPE:2207) Chief Executive Su Chun-hsing said Taiwan's new car market is expected to sell about 430,000 units this year, lowering the company's previous forecast of 440,000 units, CNA reported Wednesday.At the official launch of the new Toyota Hilux, Su attributed the revision to persistent shortages of hybrid and electric vehicle supplies and uncertainty surrounding U.S. vehicle tariff policies, which have prompted some consumers to delay purchases, according to the report.Despite the weaker outlook, Su said Hotai expects sales to improve in the second half of the year and has kept its sales targets unchanged, adding that hybrid and electric vehicles now account for nearly half of Toyota and Lexus sales in Taiwan, CNA said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
