Yulon Nissan Eyes 5% YoY Growth in Car Sales

Taipei, July 13, 2009 (CENS)--Yulon Nissan Motor Co., general agent of locally assembled and imported Nissans and Infinitis, recently forecast that the overall new-car sales in Taiwan would exceed 230,000 this year.

The company's president Wu Hsin-fa said that Yulon Nissan will import Nissan's pure-electric cars in Taiwan in 2012.

At the firm's recent shareholder meeting, Wu disclosed that his company has successfully tapped into the Egyptian market by exporting about 400 unit/sets of auto parts per month for local assembly of the Nissan Sentra sedan in Egypt. In the future, the president said, export sales would be a focus of Yulon Nissan.

In addition, he pointed out that the government's NT$30,000 (US$923 at US$1: NT$32.5) subsidy for each car sold with engine displacement under 2,000cc has been gradually improving car sales. In addition to elevating Yulon Nissan's overall market forecast to 230,000 units, Wu said that his company is expected to sell about 27,500 new cars this year, a 5% year-on-year (YoY) increase.

In 2012, Wu added, Yulon Nissan would begin importing Nissan's new pure-electric car with cruise range of about 160 kilometers, with horsepower output to be better than a standard internal combustion engine counterpart.