Market Report, "Taiwan Autos Report Q4 2015", published

From: Fast Market Research, Inc.
Published: Tue Sep 29 2015

New vehicle sales in Taiwan rose by 3.7% y-o-y to 46,800 units in July, according to local industry sources, despite a sharp slowdown in economic growth. The country's economy expanded by 0.6% y-o-y in Q215 due mainly to an almost 10% decline in exports. The domestic economy, however, performed much better, with private consumption rising by 2.8% in the same quarter. Cumulative seven month vehicle sales were up by 3.2% at 264,200 units, of which Toyota and Lexus distributor Hotai Motor accounted for 85,940 units - or almost 33% of the total market.

According to the Taiwan Transportation Vehicle Manufacturers Association, domestic auto sales for August came in at 10,412 units, which brought combined sales for the first eight months of 2015 to 155,790 units. The strong start to the year has prompted us to upgrade our full-year sales growth forecast to 6.8%, from 2.8% previously.

Full Report Details at

The passenger car segment has been the main driver of auto sales, which is further illustrated by the acceleration in private consumption growth in 2014 to 3.0% from 2.4% in 2013. While our Country Risk team expects private consumption growth to remain on an uptrend and rise to 3.8% in 2015, we believe passenger car sales growth for the full year will moderate slightly from 2014 due to high base effects.

As such, we forecast domestic car sales to grow 8.0% in 2015 after rising by 11.2% in 2014. Another factor supporting our outlook for slower passenger car sales growth is the deceleration in growth of car loans since February 2014. While total outstanding car loans rose by 31.7% y-o-y in February 2014, they only grew by 9.8% in January 2015.

The Taiwan Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's Taiwan Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Taiwan.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Taiwan to test other views - a key input for successful budgetary and planning in the Taiwanese automotives market.
* Target business opportunities and risks in the Taiwanese automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Taiwan.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.


BMI Industry View

Summary of BMI’s key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Industry SWOT Analysis

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