Business Monitor International

Taiwan Autos Report

Published 20 October 2014

  • 60 pages
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  • Includes 3 free updated quarterly reports
Taiwan Autos Report

The Taiwan Transportation Vehicle Manufacturers Association (TTVMA) has reported that July domestic auto sales rose 9.5% year-on-year (y-o-y) extending their strong performance over the past five months, representing 10.3% y-o-y growth on a year-to-date (YTD) basis to 178,111 units. Continued strength in the sector was mainly due to the passenger car segment, which recorded y-o-y sales growth of 12.2% for 7M14 while commercial vehicle (CV) sales on the contrary, have declined 0.4% y-o-y over the same period.

The passenger car segment has seen consistent growth over 7M14, with the segment growing 15.2% y-o-y in July, taking the YTD growth to 12.2% y-o-y. The outlook for the segment remains positive, buoyed by more buyers looking to replace their old cars as the segment gradually moves toward its 10-year replacement peak. As such, we have raised our sales growth forecast up from 8.5% to 16.0% in 2014.

While the passenger car segment has seen robust sales growth, the CV segment recorded sales of 29,732 units for 7M14, representing growth of 1.8%. Although we have revised our forecast for commercial vehicles up to 1.7% from 0.7% previously, backed by strong growth seen in the heavy CV segment, we maintain our less favourable outlook on the commercial vehicle segment, with the passenger car segment expected to outperform.

Production should remain robust, with exports providing a slight lift. Auto production grew 7.7% y-o-y in July, bringing the 7M14 growth to 15.0% y-o-y. This increase has been supported by exports which saw a 23.1% y-o-y jump in July and growth of 27.2% y-o-y. With Volkswagen announcing in June that it will be setting up a fully-owned subsidiary in Taiwan and also considering building an auto assembly plant for auto exports, this reinforces our positive outlook on Taiwan's auto production growth and we maintain our bullish forecast of 15.3% for 2014.

EV Developments

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Table of Contents

BMI Industry View
Business Environment
Industry Forecast
Table: Autos Total Market - Historical Data And Forecasts (Taiwan 2012-2018)
Table: Passenger Car Market - Historical Data And Forecasts (Taiwan 2012-2018)
Table: Commercial Vehicle Market - Historical Data And Forecasts (Taiwan 2012-2018)
Table: Motorcycle Market - Historical Data And Forecasts (Taiwan 2012-2018)
Macroeconomic Forecast
Table: Economic Activity (Taiwan 2009-2018)
Industry Risk/Reward Ratings
Table: BMI Industry Risk/Reward Ratings - Asia-Pacific Autos
Competitive Landscape
Table: Taiwan - Vehicle Production By Manufacturer
Company Profile
Company Monitor
Kuozui Motors (Toyota Motor)
China Motor Corporation (CMC)
Yulon Group
Regional Overview
Asia Regional Overview
Table: Vehicle Sales March 2014 (Cbus)
Global Industry Overview
Table: Passenger Car Sales March 2014
European Growth Gathers Momentum
Japan Prepares For Tax Fallout
China Wobble Adds To BRIC Weakness
Demographic Forecast
Table: Taiwan's Population By Age Group, 1990-2020 ('000)
Table: Taiwan's Population By Age Group, 1990-2020 (% Of Total)
Table: Taiwan's Key Population Ratios, 1990-2020
Industry Forecasts
Sector-Specific Methodology
Risk/Reward Ratings Methodology
Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators

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

Business Monitor International (BMI)'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.

Global, Regional and Country Industry Overviews

In-depth analysis of the major global and regional developments in the market, which can be linked with the country industry overview, providing cross-country investment, product and financing trends that will affect each market, supported by BMI’s global and regional industry forecasts.

Business Environment Rankings

BMI's proprietary Autos Business Environment Rankings are a unique country-comparative Risk-Reward Rankings index that separately analyses the risks and rewards of operating in each market. It is aimed at investors (including manufacturers, suppliers and dealers) who seek to either identify and compare market opportunities, or evaluate country-specific operational challenges.

The rankings methodology makes sophisticated use of over 40 industries, economic and demographic data points.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Total production value (US$bn); total production of units; production by vehicle-type (including cars, commercial vehicles, trucks and buses); total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.

BMI Economic Forecasts

BMI forecasts to end-2018 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc