Registration Report Analysis - 2024 April Taiwan Car Market
Market Overview:
The car market in April has decreased by 10.3% compared with March. The total registration number this month is 37,038 units, which is 3.1% lower YOY. In this month, All the major brands except Mercedes-Benz and BMW have dropped in various scale compared with last month, and Tesla has the most severe drop of 35.1% due to CR-V’s 42.2% drop compared with last month, and it also has 41.2% of drop YoY. The accumulated registration number in the first 4 months of this year is 149,439 units, which is 0.4% lower YOY. As the supply of new cars came back to normal this year, the accumulated orders can be delivered successively among brands. However, the annual registration number this year shouldn’t be too positive according to the situation for the time being.