Taiwan new vehicles sales down again in October. Is the record over?

Taiwan new vehicles sales Lexus-GS_F_2016

Taiwan new vehicles sales down again in October probably compromising the challenges to hit a new record this year. Scoring the third fall in a row last month could have signed a change of market mood.

Economic Outlook

Data released in October showed that Taiwan’s economy recorded the biggest contraction since Q3 2009 in Q3 as the economy shrunk by 1.0% year-on-year. The drop is attributed to weak export growth caused primarily by China’s economic slowdown.

In order to boost the economy, the Taiwanese government has announced a stimulus package to boost consumption and deplete soaring inventories in the high-tech sector. Meanwhile, the heads of state of Taiwan and China held their first meeting since 1949. Even though there was no agreement or joint statement issued afterwards, it has taken center-stage ahead of the upcoming January general elections.

Pro-independence candidate Tsai Ing-wen, poised to win the election, considers the meeting as a form of intervention by China in the island’s domestic affairs and an attempt to influence the electoral results.

Market Outlook

If August has simply broken the record series of consecutive growing months and September huge fall has been justified with the little number of working days for Chinese calendar holidays, no excuses behind the October fall that probably signed definitively the change of market sentiment and minimize the challenge to end the year with a new volume record.

According to data released by the T.T.V.M.A., the Taiwan Transportation Vehicle Manufacturing Association, in October total light vehicles sales had been 31.956, down 6.9% from year ago and the year to date sales were 343.140, down 1.4% from the 2014.

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank Oct Rank 2015 Brand Sales Oct Sales 2015 Var Oct Var 2015 Share Oct Share 2015
1 1 Toyota 7.971 94.804 -21,8% -7,2% 24,9% 27,6%
2 2 Mitsubishi 3.641 35.573 6,4% -4,1% 11,4% 10,4%
3 3 Nissan 2.838 35.540 -12,8% -10,6% 8,9% 10,4%
4 4 Honda 2.650 22.462 8,1% 17,6% 8,3% 6,5%
5 7 Mazda 2.155 17.297 114,3% 44,5% 6,7% 5,0%
6 5 Ford 1.889 18.418 -1,2% -7,3% 5,9% 5,4%
7 6 Mercedes 1.808 17.774 6,4% 12,8% 5,7% 5,2%
8 8 BMW 1.569 16.075 -3,7% 18,3% 4,9% 4,7%
9 9 Luxgen 966 12.769 7,8% -10,9% 3,0% 3,7%
10 10 Lexus 809 10.537 -39,4% -4,8% 2,5% 3,1%
Rank Oct Rank 2015 Model Sales Oct Sales 2015 Var Oct Var 2015 Share Oct Share 2015
1 1 Toyota Corolla 3.149 32.880 -5,8% -10,6% 11,3% 10,9%
2 7 Mitsubishi Veryca 1.148 8.808 22,2% -5,7% 4,1% 2,9%
3 11 Ford Focus 1.105 7.804 12,4% -23,1% 4,0% 2,6%
4 3 Toyota Yaris 1.003 12.060 -49,5% 26,0% 3,6% 4,0%
5 4 Toyota Wish 962 11.308 -14,7% -12,3% 3,5% 3,7%
6 6 Honda CR-V 875 9.819 5,5% -1,4% 3,2% 3,2%
7 8 Mazda3 874 8.048 439,5% 159,3% 3,1% 2,7%
8 14 Mitsubishi Delica 868 7.139 18,1% -3,1% 3,1% 2,4%
9 21 Mazda CX-5 801 4.423 448,6% 86,5% 2,9% 1,5%
10 5 Nissan Tiida 772 10.226 -22,3% -22,9% 2,8% 3,4%
11 2 Toyota RAV4 736 13.859 -40,6% 7,4% 2,7% 4,6%
12 39 Honda Odyssey 725 2.018 2,6% 0,7%
13 17 Nissan X-Trail 679 5.829 2,4% 1,9%
14 9 Toyota Vios 636 7.976 -28,1% -26,2% 2,3% 2,6%
15 22 Mitsubishi Zinger 618 4.194 84,5% 12,8% 2,2% 1,4%
16 12 Toyota Camry 614 7.798 -16,5% -14,5% 2,2% 2,6%
17 10 Luxgen U6 Turbo 525 7.928 -25,3% -13,4% 1,9% 2,6%
18 13 Nissan Livina 522 7.636 -41,1% 3,5% 1,9% 2,5%
19 16 Honda Fit 519 5.851 -38,1% 58,4% 1,9% 1,9%
20 19 Toyota Innova 453 4.905 0,7% -1,0% 1,6% 1,6%
21 18 Ford Kuga 447 5.304 6,9% 20,2% 1,6% 1,8%
22 15 Nissan Sentra 438 6.794 -47,0% -40,9% 1,6% 2,2%
23 23 Mercedes E Class 400 4.055 8,7% -15,4% 1,4% 1,3%
24 26 BMW 5 Series 347 3.325 -2,5% -7,8% 1,3% 1,1%
25 33 Hyundai Elantra 293 2.758 -24,5% -26,2% 1,1% 0,9%

 

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