According to the Taiwan Transportation Vehicle Manufacturers Association (TTVMA), domestic auto sales in February 2014 were up 15.7% year-on-year (y-o-y), to 15,154 units. However, this figure was distorted due to the Chinese New Year holiday effect. A more meaningful comparison would be to compare y-o-y growth in combined sales of the first two months of the year.

BMI Industry View 7

SWOT 9

Political 10

Economic 11

Business Environment 12

Industry Forecast 13

      Table: Auto Sales, 2011-2018 13

      Table: Auto Production, 2011-2018 15

Macroeconomic Forecast 18

      Table: Taiwan - Economic Activity 20

Industry Risk/Reward Ratings 21

Asia Pacific - Risk/Reward Ratings 21

      Table: Asia Pacific Autos Risk/Reward Ratings 24

Competitive Landscape 25

      Table: Taiwan - Vehicle Production By Manufacturer 25

      Table: Passenger Cars - Production And Sales, 2011-2018 27

      Table: Commercial Vehicles - Production And Sales, 2011-2018 30

      Table: Motorcycles - Production, Sales And Exports, 2011-2018 30

Company Profile 31

Company Monitor 31

Kuozui Motors (Toyota Motor) 34

China Motor Corporation (CMC) 36

Yulon Group 37

Regional Overview 39

      Table: Vehicle Sales 2013 (CBUS) 39

Global Industry Overview 44

      Table: Passenger Car Sales November 2013 (CBUs) 44

Europe On Road To Recovery 44

Tax Hike Skews Japan's Outlook; US Hits Sweet 16 46

China Is BRIC Bright Spot 48

Demographic Forecast 51

Demographic Outlook 51

      Table: Taiwan's Population By Age Group, 1990-2020 ('000) 52

      Table: Taiwan's Population By Age Group, 1990-2020 (% Of Total) 53

      Table: Taiwan's Key Population Ratios, 1990-2020 54

Methodology 55

Industry Forecasts 55

Sector-Specific Methodology 56

Sources 56

Risk/Reward Ratings Methodology 57

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 58

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