Taiwan’s Automobile Sales by Segment in 2023

Taiwan’s automobile market reached a high level of 477,021 units in 2023, an 11.0% increase from the previous year, as the shortage of imported vehicles eased. Passenger cars decreased by 2.4% to 90,455 units, but SUVs increased by 15.2% to 171,807 units, and premium brand models went up by 19.0% to 114,312 units, achieving new record highs which pushed up the market.