Taiwan’s Automobile Market Projection for 2025

Taiwan’s automobile market in 2024 is expected to be 465,000 units, down 2.5% from the previous year. Sales were at a high level in 2023 due to a recovery from supply shortage and an increase in sales from the backlog of orders, so sales in 2024 are likely to be lower than the previous year but will remain high supported by the booming economy and stable supply of imported vehicles.