Taiwan 2021. CMC Keeps Outperforming A Market Down 1.1%

389
Taiwan car market
The 2022 Buick Enclave

Taiwan’s car market in 2021 falls by 1.1% with 449,859 sales, reporting a very strong Q1, but reported a drop in sales all other quarters. CMC reports the best performance this year, gaining 114.8%, while Mitsubishi drops 55.2%.

Market Trend

Brand-wise, this year the leader Toyota (+0.1%) gained 0.3% market share, followed by the rising Ford (+12.1%) -up 4 spots-, which gained 0.8% share. Honda closed the podium and lost  0.5% share, falling 8.3%.  Nissan fell in 4th place and reported a loss of 16.7%, followed by Mercedes which lost 7.7%.

Taiwanese vehicles market (cars+LCVs) in recent years grew up with a series of all-time record and breaking the 400,000 units milestone in 2014. On this road, during 2017 sales hit a new record, the second in a row, with 446,669 units sold (+1.6%).

However, in 2018 the vehicles market decelerated, closing registrations at the lowest volume since 2015, with 432,314 sales (-3.2%) while in 2019 sales were at 435,915.

Full-Year sales for 2020 have been 451,235, reporting an increase of 3.5% compared to 2019.

In 2021 the year started positively for the Taiwanese market, in fact, in Q1 121,575 units have been sold, reporting a 17.1% increase in sales compared to Q1 2020, while in Q2 sales started falling slightly, reporting a 5.2% decrease in sales with 100,234 units.

In Q3 sales kept falling slowly, losing 2.8% sales with 112,345 units, and in Q4 the sharpest drop of the year was recorded, dropping 10.8% with 115,705 units.

Indeed, Full-Year sales for 2021 have been 449,859, reporting a 1.1% decrease compared to 2020.

Taiwan quarterly sales variation

Tables with sales figures

In the tables below we report sales for top 10 Brands.

This content is for members only.
Login Join Now