"Taiwan Autos Report Q1 2015" Now Available at Fast Market Research

Boston, MA -- (ReleaseWire) -- 01/28/2015 -- We have downgraded our domestic auto sales forecast for Taiwan, and now expect total sales growth to come in at 10.2%, from our previous forecast of 13.4%. This is largely underpinned by a weaker economic outlook that will extend into 2015. According to the Taiwan Transportation Vehicle Manufacturers Association (TTVMA) auto sales grew by 6.5% year-on-year (y-o-y) in October, bringing sales growth for the first 10 months of 2014 to 9.0% y-o-y, with accumulated sales coming in at 81,412 units. Passenger car sales have outperformed the sector, with sales expanding by 11.7% y-o-y for the period January-October, while commercial vehicle (CV) sales contracted by 2.4% y-o-y.