Taiwan Used Vehicle Market Outlook to 2025: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Taiwan Used Vehicle Market Outlook to 2025 – By Type (Sedans, SUV’s, Hatchbacks, MPVs, LCVs and Others), By Vehicle Age, By Cities, By Organized and Unorganized, By Brand (Toyota, Mitsubishi, Honda, Nissan, Mercedes Benz, Mazda and Others), By Distance Driven and By Price Range” provides a comprehensive analysis of the Used Vehicle market in Taiwan. The report also covers the overview and genesis, market size in terms of gross transaction value and sales volume, business models, trends and developments, issues and challenges, regulations in Taiwan. The report provides value chain and SWOT analysis, buying decision parameters, competitive scenario and company profiles. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions. Taiwan Used Vehicle Market Overview and Size Taiwan Used Vehicle market in terms of sales volume increased at a single digit CAGR over the review period 2013-2018. The market was observed to be at the late growth stage owing to increasing competition in the market which allows offering of varied models of vehicles at lower prices, faster vehicle replacement rate, easy import procedures, and relatively stable average ticket prices. In Taiwan, people prefer buying used vehicles due to its increased affordability and a wide range of offerings at an affordable price point. Taiwanese government has also adopted certain strategies such as the “Scrappage Program” to promote discard of vehicles which are older than 6 years. The Government awarded a rebate of NTD 50,000 against purchase of new vehicle against discarding of used vehicle. This has led to intensive competition in the used car market as new car sales are growing at a faster pace vis a viz used car. Taiwan Used Vehicle Market Segmentation By Distribution Channel: In Taiwan, used vehicles are largely being sold through organized and unorganized market. Organized market dominates in terms of sales volume largely due to rising demand of multi-brand and captive dealers in the market. There are approximately 4000 organized dealers in Taiwan. On the other hand, unorganized dealers are slowly losing market share due to lack of trust in consumers’ mind while purchasing through an unorganized dealership. By Type of Vehicle: Sedans accounted for highest market share in 2018. Sedans remained the most popular car type as they are perceived as conferring a higher social status. SUV’s accounted the second highest market share followed by Hatchbacks and Multi-Purpose Vehicle (MPV’s), Light Commercial Vehicles (LCVs) and others. By Vehicle Age: Used cars under the age bracket of 2-4 years accounted for highest market share in 2018 due to the average ownership period of 3.4 years in Taiwan. The sale of used cars is followed by 0-2 years of vehicle age as these cars have heavy body type, better engine capacity (high horse power) and have high re-sale value. By Cities: High population and developed infrastructure, Taichung City, New Taipei City and Taoyuan City accounted for the highest share in terms of sales volume in 2018. Kaohsiung City, Taipei and Tainan along with other cities contributed the remaining share in total sales volume of used Vehicles in the country. By Price Range: The average ticket size of used cars in Taiwan is growing over the years. The price range of NTD 250,000– NTD 550,000 accounted for highest percentage share due the faster replacement rate along with the depreciation charged over the years on new vehicles. By Distance Driven: The preferred mileage of the used car in Taiwan is 45,000 kilometers. Vehicles with the mileage in the range of 20,000-50,000 Kilometers accounted highest market share followed by the range of 50,000-80,000 Kilometers, 80,000 – 120,000 Kilometers and others in the year 2018. By Brand: Japanese brands are the most preferred brands in Vietnam due to their strong brand preference, reliability, longer life span, and higher re-sale value of the used cars. Toyota dominated the market by accounting highest market share followed by Mitsubishi, Honda and Nissan in terms of sales volume. Other brands such as Mercedes Benz, Mazda and Ford captured the remaining market share of used cars sales volume in 2018. Competitive Landscape Used Vehicle market in Taiwan is fragmented with presence of more than 7,000 organized and unorganized dealers across all the cities in Taiwan. Organized dealers include Multi Brand Dealership Outlets (SUM, SAVE, Car OK, Easy Car) and captive dealers such as Lexus CPO, Jaguar Approved, Ford Assured, Mitsubishi MPO and Honda. Online Auto-Classifieds Market has recognized the presence of 2 major players in the market such as 8891.com and All Best Choice. Taiwan Used Car Market Future Outlook In future, it is anticipated that used Vehicle sales volume will be fuelled by the initiatives taken up by the government such as scrapping or export of old vehicles, growing middle class population, increasing disposable income, faster car replacement rate and growing customer confidence coupled with increasing alliances between organized dealers of a used vehicles and rising average ticket size of a used vehicle over the years. Key Segments Covered:- By Distribution Channel Organized Players Unorganized Players By Organized Players Multi-Brand Dealers Captive Dealers Auction Dealers By Type of Vehicle Sedans SUV’s Hatchbacks MPVs LCV’s Others By Vehicle Age 0-2 Years 2-4 Years 4-6 Years More than 6 Years By Cities Taichung City New Taipei City Taoyuan City Koahsiung City Taipei Tainan Hsinchu Others By Price Less Than NTD 150,000 NTD 150,000- NTD 250,000 NTD 250,000- NTD 550,000 NTD 550,000- NTD 750,000 More Than NTD 750,000 By Distance Driven Less than 5,000 kms 5,000- 20,000 kms 20,000-50,000 kms 50,000- 80,000 kms 80,000- 120,000 kms Above 120,000 kms By Brand Toyota (Lexus) Mitsubishi Honda Nissan Mercedes Benz Mazda Others Key Target Audience:- OEM’S Companies Multi Brand Dealers Captive Dealers Venture Capitalist Firms Government/ Regulatory Authorities Online Auto-Classifieds Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2019F-2025F Companies Covered:- Major Online Players in Taiwan 8891.com All Best Choice Major Captive Dealers Lexus Toyota Jaguar Approved Mitsubishi MPO Ford Assured Audi Approved Plus Das Welt Auto Land Rover Porsche Approved Multi-Brand Dealers SUM SAVE Hot Car Car OK Key Topics Covered in the Report:- Taiwan Used Vehicle Market Overview and Genesis (Overview and Genesis, Business Cycle Graph) Taiwan Used Vehicle Market Value Chain Analysis Taiwan Used Vehicle Market Business Model Used Vehicle Market Size Taiwan Taiwan Used Vehicle Market Segmentation Ownership Transfer of Registration Certificate Buying Decision Parameters in Taiwan Used Vehicle Market Trends and Developments in Taiwan Used Vehicle Market Issues and Challenges in Taiwan Used Vehicle Market Taiwan Used Vehicle Market Regulations SWOT Analysis Taiwan Used Vehicle Taiwan Used Vehicle Market Competition Scenario Taiwan Used Vehicle Market Future Projection, 2018-2025F Future Outlook of Taiwan Used Vehicle Market Segmentations, 2018-2025F Analyst Recommendations For More Information, refer to the below link:- Taiwan Used Vehicle Market Related Reports by Ken Research:- China Used Vehicle Market Outlook to 2022 – by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales UAE Used Car and Auto Classified Market Outlook to 2022 – By Revenue Streams (Commission, Paid Listings, Banner Advertisement), By Export and Domestic Sales Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 8891 Taiwan Used Vehicle Market Revenue, 8891台湾二手车市场收入, All Best Choice Used Vehicle Market Revenue, Audi Used Vehicle Market Taiwan, BMW Used Vehicle Market Taiwan, C2C Sales Used Vehicle Taiwan Market, Car OK Taiwan 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