Reported 7 months ago
Several listed car dealers experienced a double-digit increase in revenue in May due to better-than-expected performance in the car market. Yulon Motor Co. (2207) achieved a new high revenue of NT$24.819 billion, while Sanyang Motor (2206) hit a record high of NT$6.489 billion. Fandain Motor (2247) benefited from the delivery of a large number of BMW electric vehicles, reaching revenue of NT$6.109 billion. Yulon Motor expects further growth with the upcoming release of new Toyota and Lexus models. Sanyang also showed strong growth in revenue, with an increase of 7.87% year-on-year and 15.67% month-on-month. Fandain Motor saw a significant boost in revenue propelled by the delivery of BMW electric vehicles and Porsche models. The car market outlook is positive for the rest of the year.
Source: YAHOO