Sales of New Cars In Taiwan – Data, Trends, Charts & Analysis
Here you will find annual car sales figures for Taiwan. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).
The figures below come from unconfirmed sources and can vary slightly from other data you may find elsewhere. Despite our best efforts to find the most reliable data, we can’t guarantee 100% accuracy, unless a specific source is mentioned below the table. Still, we’re confident the provided data is sufficiently indicative of the size and trend of the market to be published as such. If you have access to a confirmed source of Taiwanese car sales figures, including a split between Passenger Cars and LCVs, or data going back before 2005, please get in touch with us.
Taiwan Automotive Sales Data & Recent Highlights
As you can see, the Taiwan car sales market has been recovering in recent years. The market has been growing at an average annual growth rate of 2.5%. There are a number of factors that have contributed to the recovery of the Taiwan car sales market. Despite the recovery, the Taiwan car sales market is expected to face some challenges in the coming years. Overall, the Taiwan car sales market is expected to remain positive in the coming years. However, there are some challenges that the market will need to address in order to maintain its growth.
Here are some of the trends in the Taiwan car sales market:
The increasing popularity of SUVs: SUVs are becoming increasingly popular in Taiwan, as they are seen as more practical and comfortable than sedans. In 2022, SUVs accounted for 45.4% of new car registrations in Taiwan. This is up from 41.2% in 2021.
The growing popularity of electric vehicles: Electric vehicles are becoming increasingly popular in Taiwan, as the government offers incentives to encourage people to buy them. In 2022, electric vehicles accounted for 6.8% of new car registrations in Taiwan. This is up from 4.0% in 2021.
The growing popularity of online car buying: More and more people are buying cars online in Taiwan. In 2022, 15.0% of new car purchases were made online. This is up from 12.0% in 2021. The convenience and flexibility of online car buying are driving its popularity.
These are just some of the trends in the Taiwan car sales market. The market is constantly evolving, so it is important to stay up-to-date on the latest trends.
Interesting TaiwanNew Car Sales Stats
Best Sales Year Volume: 399,885 units sold
Worst Sales Year Volume: 141,161 units sold
Average Sales Per Year: 250,266.6 units sold
Total Sales Units (since 2005): 4,504,798 units sold