Car Quality joins Taiwan’s Emerging Stock Board and partners with Point S, targeting 368 franchise outlets by 2029

Taiwan’s automotive service franchise sector has a new expansion plan. According to a report in the Economic Daily News on 13 October 2026, Car Quality joined Taiwan’s Emerging Stock Board and partnered with global tyre and fast-fit servicing chain Point S to launch its ‘368 Outlet Plan’, targeting 368 franchise outlets by 2029.

Moving beyond 34 company-owned outlets through franchising

Car Quality, whose stock code is 7955, joined the Emerging Stock Board on 13 October, with a securities firm subscription price of NT$68 per share. Chairman Cho Feng-min said the company would use franchising to accelerate the expansion of its automotive aftermarket service network.

The company currently operates 34 company-owned outlets across Taiwan. The newly announced target of 368 refers to the number of franchise outlets planned for 2029, not its existing store count, and should not be confused with those 34 company-owned locations. For readers assessing Taiwan’s franchise market, the key point is that Car Quality intends to recruit local garages as partner outlets alongside its established company-owned network.

Combining the Point S licence with existing operational support

Car Quality has secured the Point S licence for Taiwan. It plans to combine this with its own product supply chain, digital management systems and membership base to expand its network through an asset-light model.

Rather than simply opening more company-owned outlets, the expansion will use brand licensing and existing operational resources to support a franchise network. Garages considering joining should examine how supplies, management systems and membership resources would integrate with their day-to-day operations. The broader brand partnership and the support available to each outlet still need to be checked individually.

These resources form the basis of Car Quality’s announced expansion plan, but they should not be treated as a guarantee of turnover or profit for any franchise outlet. When assessing a partnership, operators should consider the network’s growth target separately from the investment and operating arrangements for their own premises.

An ageing vehicle fleet underpins the demand outlook

Cho said the average age of cars in Taiwan continues to rise, driving demand for repairs, servicing, replacement parts and vehicle upgrades. The company cited this as the market backdrop to its expansion plan.

The report also quoted institutional market forecasts suggesting that, as the franchise network expands, Car Quality could achieve year-on-year revenue growth of 15%–20% over the next three years. This is a forecast of future company performance, not growth already achieved, and it cannot be translated into expected returns for franchisees.

Alongside its automotive service network, Car Quality also announced plans to enter shopping centre and car park leasing, describing this and franchise expansion as twin growth drivers. Anyone tracking its future revenue should therefore consider the contribution of each business rather than attributing all company-wide growth to franchise outlets.

Franchise assessments should focus on individual outlet terms

For garages considering joining, the 368-outlet target indicates the franchisor’s expansion ambitions, not how an individual outlet will perform. Discussions should focus on the scope of the licence, product purchasing arrangements, system implementation requirements, responsibilities for serving members, and the associated fees and contractual obligations. These details should be set out in writing.

Practical tip: first check whether the franchisor’s support fits your existing garage, then assess the investment required. Do not use the company’s admission to the Emerging Stock Board, its nationwide expansion target or institutional revenue forecasts as a substitute for your own outlet-level income and expenditure projections.