Retail sales of premium and luxury cars look set to increase at a current value CAGR of 6% (5% 2022 constant value CAGR) over 2023-2028 to total TWD265.7 billion.
Online sales of premium and luxury cars are expected to rise in Taiwan over the forecast period. More shoppers have started buying essential items online, but they are also increasingly buying big-ticket items such as cars online, with this trend set to continue.
Electric cars is a small, but expanding segment within premium and luxury cars in Taiwan, and is likely to grow in significance over 2023-2028, bolstered by government investment. The Taiwanese government exempts owners of electric cars from having to pay fuel tax, in order to promote the use of electric vehicles, as part of its efforts to reduce air pollution.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See All of Our DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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