Taiwan Autos Report Q3 2011

Top Quote Business Monitor International 's "Taiwan Autos Report Q3 2011" is now available at ReportsnReports. End Quote
  • Dallas, TX (1888PressRelease) August 23, 2011 - As a result of a stronger labour market and higher disposable incomes, BMI expects vehicles sales in Taiwan to increase just over 13% year-on-year (y-o-y), to 300,330 units, in 2011. With the normalisation of property prices, we forecast automotive sales to increase at an average of around 10% a year between 2012 and 2015. This would equate to the sale of around 434,544 vehicles in 2015.

    However, automotive production in 2011 is not expected to match the 34% increase reported at the end of 2010. But we expect positive growth to continue at close to 10% in 2011, and by just over 7% per annum between 2012 and 2015. According to our forecasts, 441,262 vehicles will be produced in Taiwan in 2015. Supply shortages caused by the March 11 2011 disaster in Japan forced a number of Japanese automakers to cut their production in Q211. As a result, we have adjusted our forecast for vehicle production in 2011 to 33,408 units
    Meanwhile, the automotive industry has continued to show its commitment to electric vehicle (EV) use in Q211. In June suppliers met with French carmakers Renault, PSA Peugeot CitroŽn and Schneider Electric to discuss cooperation in the development of EVs, while the Hsinchu County government has signed a memorandum of understanding with Japanese vehicle manufacturer Mitsubishi Motors for the use of the latter's i-MiEV.

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    Motorcycle sales increased 80% y-o-y in the first four month of 2011, despite a y-o-y decline of 30% in April. In addition, Taiwan's luxury autos sector grew 40% y-o-y in the first four months of year.

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