singapore Archives | Focus2Move https://www.focus2move.com/tag/singapore/ automotive, research, data, statistics, cars, vehicles, ranking, forecast Sun, 19 Nov 2023 16:03:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 Singapore 2023. Car Market In October Falls For The 8th Month This Year (-1.9%) https://www.focus2move.com/singapore-car-market-2020/ Sun, 19 Nov 2023 16:00:47 +0000 http://focus2move.com/?p=30994 Singapore's Car Market in October 2023 falls for the 8th month this year, reporting 2,351 new registrations (-1.9%). YTD figures at 22,905 are down 12.6% from the previous year. Hyundai falls 45.1% into 8th spot.

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Singapore’s Car Market in October 2023 falls for the 8th month this year, reporting 2,351 new registrations (-1.9%). YTD figures at 22,905 are down 12.6% from the previous year. Hyundai falls 45.1% into 8th spot.

Market Trend and Outlook

Singapore’s Car Market in October 2023 falls for the 8th month this year, reporting 2,351 new registrations (-1.9%). YTD figures at 22,905 are down 12.6% from the previous year.

Looking at cumulative data up to October 2023 brand-wise the Top 4 brands remain unchanged compared to the previous year: Toyota in 1st at 5,280 sales (-4.6%), followed by Mercedes at 3,539 sales (-20.6%), BMW at 2,913 (-2.2%) and Honda with 1,915 sales (-31.7%).

Nissan moves up 2 spots into 5th with 1,004 registrations (+38.1%), followed by BYD in 6th with 908 units sold (+43.9%), Mazda with 851 sales (-9.7%) and Hyundai -down 3 spot- in 8th with 782 sales (-45.1%).

Kia rises 2 spots into 9th with 746 sales (+3.6%) and Tesla closes the top 10 growing 1 spot with 697 vehicle registrations (+0.4%).

Looking at specific models the Toyota Corolla maintains 1st spot despite falling 38.9% from the previous year, followed by the Mazda3 down 18.6%.

Medium-Term Market Trend

The car market in Singapore has had a few ups and downs in the last decade. From 2010 to 2014 demand for car passengers fluctuated between 41k and 20k. Following a 28.8% growth in 2014, the market broke the 40k resistance in 2015 closing the year at 66,740 cumulative sales. Demand for car passengers continued to grow until reaching the current all-time high at 91,980 in 2017. In 2018 the market rebounded, falling two years in a row and reaching 72,408 sales by the end of 2019.

The arrival of the pandemic in 2020 caused many manufacturers and distributers to shut down. This brought the car market to a halt and sales fell 38.6% down to 44,463.

Singapore’s car market slightly recovered in 2021 reaching 45,442 sales. While in 2022 sales fell 31.9% to 30,934. A combination of factors are behind the current industry struggle: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs, an expensive alternative for low income consumers.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Manufacturers Group.

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Singapore 2022. Car Market Collapses (-31.9%), Falling In All 12 Months https://www.focus2move.com/singapore-car-market-2022/ Thu, 02 Feb 2023 19:30:25 +0000 https://www.focus2move.com/?p=78074

Singapore’s Car Market in 2022 accumulates 30,934 sales (-31.9%), with all 12 months posting losses. In fact, December at 2,407 new registrations fell 17.1% from the prior year.

Market Trend and Outlook

Final data from 2022 shows Singapore’s car market down 31.9% compared to the prior year, with sales totaling 30,934. This is the lowest level seen in the last 8 years in fact December, with 2,407 new registrations (-17.1%), reports the 12th consecutive loss of 2022.

Looking at cumulative data from 2022 brand-wise the Top 6 brands remain unchanged compared to the previous year: Toyota in 1st at 6,405 sales (-33.5%), followed by Mercedes at 5,262 sales (-18.1%), BMW at 3,720 (-29.2%), Honda at 3,274 sales (-32.0%), Hyundai at 1,673 (-41.5%) and Mazda in 6th with 1,126 registrations (-52.4%).

Tesla ranks in 7th with 875 sales (-5.3%), in front of Nissan in 8th with 865 (-52.5%), Audi  at 856 sales (-56.7%) and Audi that falls into 10th position with 839 sales (-41.5%).

Medium-Term Market Trend

The car market in Singapore has had a few ups and downs in the last decade. From 2010 to 2014 demand for car passengers fluctuated between 41k and 20k. Following a 28.8% growth in 2014, the market broke the 40k resistance in 2015 closing the year at 66,740 cumulative sales. Demand for car passengers continued to grow until reaching the current all-time high at 91,980 in 2017. In 2018 the market rebounded, falling two years in a row and reaching 72,408 sales by the end of 2019.

The arrival of the pandemic in 2020 caused many manufacturers and distributers to shut down. This brought the car market to a halt and sales fell 38.6% down to 44,463.

Singapore’s car market slightly recovered in 2021 reaching 45,442 sales. In 2022 the trend isn’t looking good, with sales projected to end at 31,798 (-30.0%). A combination of factors are behind the current industry struggle: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs, an expensive alternative for low income consumers.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Manufacturers Group.

This content is for members only. Visit the site and log in/register to read.
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Singapore 2021. Hyundai Overperforms In Market Still Attempting To Recover https://www.focus2move.com/singapore-market-2021/ Mon, 14 Feb 2022 15:15:15 +0000 https://www.focus2move.com/?p=75955 Singapore's car market in 2021 rises by 2.2% with 45,442 sales, reporting positive performance only in Q2. Hyundai reports the best performance, rising 28.6%, while Mitsubishi drops 45%.

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Singapore’s car market in 2021 rises by 2.2% with 45,442 sales, reporting positive performance only in Q2. Hyundai reports the best performance, rising 28.6%, while Mitsubishi drops 45%.

Market Trend

The Singapore car market this year attempted to recover from the pandemic crash of 2020 and reported a positive performance only in Q2.

In the first two months of 2020, according to data released by the Singapore Bureau of Statistics, auto sales started in a very negative tone. Moreover, due to the Coronavirus outbreak, the country took temporary control measures in March and – in response to growing numbers of new cases – announced a stringent set of preventive measures which were collectively called a “circuit breaker”, applied from April 7. As a result, the market lost 28.3% in Q1 with 14,699 sales.

In the second quarter, the market reported awful performances throughout all months. Indeed, the sales crumbled 90.1% in April, while completely halting in May (-99.2%) and only moderately improving in June (-82.7%), leading the Q2 at just 1,794 units sold.

As a result, the First Half ended at 16,493, down 50.9% from the previous year. 

In Q3 14,581 units have been sold (-17.9%), reporting an effective recovery, which continued in Q4 with 13,389 units sold (-9.5%).

Due to the COVID-19 pandemic sales fell in  2020. In fact, sales have been 44,455, reporting a decline of 35.6% compared to 2019.

In 2021 the year started negatively for the Singapore market, in fact, in Q1 13,531 units have been sold, reporting a 7.9% decrease in sales compared to Q1 2020, while in Q2 the market reported a very strong relative growth, reporting a 582.6% increase in sales with 12,246 units due to the very low volumes in Q2 2020.

In Q3 sales started falling in double-digits, losing 25.6% sales with 10,852 units, and in Q4 sales fell 34.2% with 8,813 units.

Indeed, Full-Year sales for 2021 have been 45,442, reporting a 2.2% increase compared to 2020. 

Singapore quarterly sales variation
Singapore quarterly sales variation

Brand-wise, this year the leader Toyota (-2.5%) gained 2.6% market share, followed in second place by Mercedes (-2.1%), which now holds 11.1% share, and BMW (+20.9%) with 9.1% share.  Honda fell in 4th place and lost 23.4%, followed by Nissan -down 1 spot- which gained 4.1%.

Hyundai reached 6th place and gained 28.6% reporting the best performance, followed by Mazda (-1.9%) -up 1 spot- and Mitsubishi -down 2 spots- which lost 45% sales, reporting the worst performance. Closing the leaderboard we have Audi losing 11.4% this year and Kia -up 1 spot- in last place losing 28.8%.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Manufacturers Group.

This content is for members only. Visit the site and log in/register to read.
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Singapore 2020. Car market down 35.6%, while Toyota becomes new market leader https://www.focus2move.com/singapore-car-market-2020-2/ Fri, 02 Jul 2021 13:00:11 +0000 https://www.focus2move.com/?p=72050 Singapore vehicles market in 2020 falls by 35.6% as the pandemic and lockdowns affect sales. Full-Year sales have been 44.455. Toyota becomes the new leader, followed by Mercedes, while Honda falls in third place.

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Singapore vehicles market in 2020 falls by 35.6% as the pandemic and lockdowns affect sales. Full-Year sales have been 44.455. Toyota becomes the new leader, followed by Mercedes, while Honda falls in third place.

Economic Environment

The economic picture is one of gradual recovery, following advanced estimates indicating a significant slowing in the pace of contraction in the third quarter. The easing of circuit breaker policies throughout the quarter saw industrial output rebound strongly, while non-oil exports declined at a softer pace in the same period.

Turning to Q4, the continued reopening of the economy and the low level of new daily Covid-19 cases should support business activity and consumer spending. Meanwhile, both the manufacturing and electronics PMIs indicated a continued improvement in conditions within their respective sectors in October.

However, the reimposition of mobility restrictions in key international markets bodes ill for the services sector in Q4, particularly for businesses involved in tourism activities, amid markedly reduced visitor arrivals.

Market Trend

The Singapore car market has been hit in 2020 by the world-wide COVID-19 pandemic, which has impacted sales significantly.

In the first two months of 2020, according to data released by the Singapore Bureau of Statistics, auto sales started in a very negative tone. Moreover, due to the Coronavirus outbreak, the country took temporary control measures in March and – in response to growing numbers of new cases – announced a stringent set of preventive measures which were collectively called a “circuit breaker”, applied from April 7. As a result, the market lost 28.3% in Q1 with 14.699 sales.

In the second quarter, the market reported awful performances throughout all months. Indeed, the sales crumbled 90.1% in April, while completely halting in May (-99.2%) and only moderately improving in June (-82.7%), leading the Q2 at just 1.794 units sold.

As a result, the First Half ended at 16.493, down 50.9% from the previous year. 

In Q3 14.581 units have been sold (-17.9%), reporting an effective recovery, which continued in Q4 with 13.389 units sold (-9.5%).

Indeed, Full-Year sales for 2020 have been 44.455, reporting a decline of 35.6% compared to 2019.

Brand-wise, this year the leader Toyota (-28.6%) gained 2.4% market share, followed in second place by Mercedes (-16.3%), which now holds 14.8% share, and Honda (-58.6%) with 14.8% share.  BMW rose in 4th place and lost 18.6%, followed by Mazda -up 2 spots- which lost 22.1%.

Audi reached 6th place and lost 10.4%, followed by Hyundai (-60.4%) -down 3 spots- and Kia -down 2 spots- which lost 53.5% sales. Closing the leaderboard we have Nissan -up 1 spots- losing 34.4% this year and Volkswagen -up 2 spots- in last place losing 22.7%.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Manufacturers Group.

This content is for members only. Visit the site and log in/register to read.
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Singapore. Honda holding 21.1% of a market down 7.3% in 2019 https://www.focus2move.com/singapore-car-market-2019/ Thu, 23 Jan 2020 09:46:17 +0000 https://focus2move.com/?p=60373 Singapore Car market in 2019 kept losing terrain, signing the third consecutive annual loss. Indeed, Total sales have been 93.897, down 7.3% from the previous year. Honda led with 21.1% of share, while Mazda and Nissan registered awful performances./p>

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Singapore Car market in 2019 kept losing terrain, signing the third consecutive annual loss. Indeed, Total sales have been 93.897, down 7.3% from the previous year. Honda led with 21.1% of share, while Mazda and Nissan registered awful performances.

Economic Environment

Singapore’s economic growth accelerated somewhat in the final quarter of 2019 on the back of robust construction sector activity and a pick-up in the services sector. Public sector outlays boosted activity in the construction sector in Q4, while robust finance and insurance sector activity buttressed the services sector. Nevertheless, economic growth still slowed to a one-decade low in 2019.

In December, the manufacturing PMI indicated an overall expansion in the sector for the first time in a year, which could suggest that the sector’s downturn has bottomed out. The signing of the “phase one” deal between China and the U.S. on 15 January also bodes well for the export-oriented economy.

Market Trend

Singapore vehicles market hit a negative peak in the 2013 and then started a fast growth, supported by the decision taken by the government to release more CEE (certification for vehicles purchase) with total vehicles sales volume grew impressively from 34.018 (2013) to a new record in the 2017, when sales hit the 110.881 units, down 0.8% from the previous year. In 2018 – after three years of growth – the car passenger’s market lost terrain falling down 12.7%, with registrations at 80.268.

In 2019, the market declined again. Indeed – according to data released by the Singapore Bureau of Statistics – Total sales have been 93.897 (including HCVs), down 7.3% from the previous year.

In the competitive landscape, Honda has grown from a negative peak of 1.6% of market share in 2012 to 21.1%, taking the market lead, ahead of Toyota – holding 14.9% – and Mercedes.

Hyundai, Mazda and Nissan are bearing huge losses while Kia, which has gained over 5 points of share during the last five years, has registered a robust growth.

Service Solutions

Since 2010, focus2move.com is a specialist in the automotive industry tracking monthly sales for all brands and models in the widest in the World range of countries, actually over 150. From this huge database we can extract data sorted under your own conditions and deliver historical data in excel. 

If you like to receive historical data or to subscribe at monthly update, contact us at kventura@focus2move.com and we will arrange a short video call. By showing you our database and segmentation, we can find together the best solutions for your team.

Rank 2019Rank 2018BrandSales 2019Sales December+/- YTDShare 2019Share December
11Honda15.3058051,8%21,14%17,11%
22Toyota10.785780-12,0%14,89%16,58%
33Mercedes7.84061110,1%10,83%12,99%
44Hyundai5.618201-14,1%7,76%4,27%
56BMW5.346591-1,1%7,38%12,56%
68Kia4.2271577,7%5,84%3,34%
75Mazda3.095188-42,8%4,27%4,00%
89Mitsubishi3.02096-8,0%4,17%2,04%
911Audi2.487155-15,4%3,43%3,30%
107Nissan2.405174-40,2%3,32%3,70%
1113Lexus2.13722237,4%2,95%4,72%
1212Volkswagen1.726100-28,7%2,38%2,13%
1310Subaru1.26189-60,5%1,74%1,89%
1414Volvo87468-38,3%1,21%1,45%
1519Skoda8496387,8%1,17%1,34%
1615Renault779406,0%1,08%0,85%
1721Opel62963109,0%0,87%1,34%
1817Porsche628469,2%0,87%0,98%
1927Suzuki46738163,8%0,64%0,81%
2018Mini45533-14,5%0,63%0,70%
2120Jaguar33626-17,4%0,46%0,55%
2225Seat3293052,3%0,45%0,64%
2323Citroen303348,6%0,42%0,72%
2422Land Rover301194,2%0,42%0,40%
2526Bluecar265-47,2%0,37%0,00%
2624Infiniti16211-27,7%0,22%0,23%
2716Peugeot12412-82,3%0,17%0,26%
2828Maserati10310-12,7%0,14%0,21%
2939Perodua886363,2%0,12%0,13%
3030Bentley69832,7%0,10%0,17%
3134Lamborghini61479,4%0,08%0,09%
3231Alfa Romeo60420,0%0,08%0,09%
3333Jeep58856,8%0,08%0,17%
3432SsangYong47517,5%0,06%0,11%
3533Ferrari43-16,2%0,06%0,00%
3637Rolls-Royce24-0,0%0,03%0,00%
3736Aston Martin212-19,2%0,03%0,04%
3738McLaren21--8,7%0,03%0,00%
3840Maxus15-25,0%0,02%0,00%
3944Tesla143250,0%0,02%0,06%
4029Ford132-88,3%0,02%0,04%
4135BYD7--78,1%0,01%0,00%
4245MG3-50,0%0,00%0,00%
4341Alpina2--81,8%0,00%0,00%
4342Datsun2--66,7%0,00%0,00%
4446Fiat1-0,00%0,00%
4446Ruf1-0,00%0,00%
4446Austin1-0,00%0,00%
4445Lotus1--50,0%0,00%0,00%

Rank 2019Rank 2018GroupSales 2019Sales December+/- 2019Share 2019Share December
11Honda Motor15.3058051,8%21,14%17,11%
22Toyota Group12.9221002-6,5%17,85%21,30%
33Hyundai-Kia9.845358-5,9%13,60%7,61%
45Mercedes Daimler7.84061110,1%10,83%12,99%
54Renault Nissan Alliance6.368321-23,0%8,79%6,82%
66Volkswagen Group6.149406-8,1%8,49%8,63%
77BMW5.827624-2,4%8,05%13,27%
88Mazda3.095188-42,8%4,27%4,00%
99Subaru1.26189-60,5%1,74%1,89%
1011P.S.A.1.056109-17,6%1,46%2,32%

Rank 2019Rank 2018BrandSales 2019Sales December+/- YTDShare 2019Share December
11Toyota1.0818410,0%14,32%15,10%
23Dacia810692,9%10,72%12,34%
32Peugeot78147-1,8%10,34%8,47%
46Renault609490,3%8,06%8,84%
54Citroen59132-14,7%7,83%5,71%
65Ford54844-20,1%7,25%7,92%
77Hyundai5172513,8%6,84%4,42%
88Kia34534-4,5%4,57%6,08%
912Mitsubishi294276,2%3,90%4,79%
1010Subaru29328-12,4%3,87%4,97%
119Suzuki28814-18,5%3,82%2,58%
1213Volkswagen18720-23,1%2,48%3,50%
1311Nissan1817-40,5%2,40%1,29%
1414Isuzu14610-30,3%1,93%1,84%
1515Fiat13712-21,8%1,81%2,21%
1616Mazda1254-21,2%1,66%0,74%
1719Mercedes993-11,3%1,32%0,55%
1817Chevrolet9910-33,0%1,30%1,84%
1918Land Rover9113-22,5%1,21%2,39%
2020Dodge51--32,8%0,68%0,00%
2121Audi494-30,7%0,65%0,74%
2222Jeep4563,0%0,60%1,10%
2324Mini4023,1%0,53%0,37%
2427Jaguar40143,2%0,53%0,18%
2523BMW383-9,2%0,51%0,55%
2625Iveco305-20,6%0,40%0,92%
2726Porsche201-45,8%0,27%0,18%
2829DS132117,7%0,17%0,37%
2929Alfa Romeo3--49,5%0,04%0,00%

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Singapore 2018. Hyundai shines in a negative environment https://www.focus2move.com/singapore-car-market-2018/ Tue, 15 Jan 2019 13:54:57 +0000 https://focus2move.com/?p=45583 Singapore Car market in 2018 fell down 12.7% after three years of gain in a row, ending with 80.268 units sold. Honda is the market leader, ahead of Toyota and Mercedes. Hyundai (+72%) is the winner of the year, gaining the 4th place.

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Singapore Car market in 2018 fell down 12.7% after three years of gain in a row, ending with 80.268 units sold. Honda is the market leader, ahead of Toyota and Mercedes. Hyundai (+72%) is the winner of the year, gaining the 4th place.

Economic Environment

Singapore’s economic growth slowed to a near two-and-a-half year low in the final quarter of 2018, according to an advanced estimate. This followed a deceleration in the services sector, which outweighed the uptick in manufacturing activities and a softer contraction in the construction sector. Looking ahead to Q1 2019, global demand for electronics and technology seems to be abating, which will likely depress Singapore’s manufacturing and external sector.

Although annual growth is expected to moderate in 2019, the expansion should remain brisk nonetheless, thanks to a solid service sector, strong investment and a robust labor market which should support private consumption. However, trade protectionism and slowing global demand will continue to weigh on the external sector.

Market Trend

Singapore vehicles market hit a negative peak in the 2013 and then started a fast growth, supported by the decision taken by the government to release more CEE (certification for vehicles purchase) with total vehicles sales volume grew impressively from 37.511 (2013) to a new record in the 2017, when – according to data released by the Singapore Bureau of Statistics – sales hit the 109.888 units, down 0.8% from the previous year.

In the 2018 the car passenger’s market has lost terrain. Indeed, after three consecutive years of growth the market fell down 12.7%. The year ended with registrations at 80.268.

MarketSales 2014Sales 2015Sales 2016Sales 2017Sales 2018'+/- 2018
Car33.02166.74088.67591.99380.268-12,7%

At brand-wise, the 2018 market leader is Honda with 15.040 sales (-6.1%), with 18.7% of market share, followed by Toyota with 12.262 (-23.5%), Mercedes with 7.122 (-10.7%) and Hyundai with 6,540 units.

Rank 2018Rank 2017Sales 2018Sales 2017'+/- 2018Share 2018
12Honda15.04016.013-6,1%18,7%
21Toyota12.26216.037-23,5%15,3%
34Mercedes7.1227.976-10,7%8,9%
48Hyundai6.5403.80372,0%8,1%
53Mazda5.4148.509-36,4%6,7%
65BMW5.4055.591-3,3%6,7%
76Nissan4.0195.241-23,3%5,0%
87Kia3.9233.8481,9%4,9%
99Mitsubishi3.2843.555-7,6%4,1%
1010Subaru3.1963.325-3,9%4,0%
1112Audi2.9412.60412,9%3,7%
1213Volkswagen2.4202.450-1,2%3,0%
1311Lexus1.5553.096-49,8%1,9%
1414Volvo1.4161.526-7,2%1,8%
1516Renault735768-4,3%0,9%
1618Peugeot7016812,9%0,9%
1719Porsche575677-15,1%0,7%
1824Mini53246713,9%0,7%
1943Skoda45267433,3%0,6%
2020Jaguar407553-26,4%0,5%
2115Opel301961-68,7%0,4%
2221Land Rover289529-45,4%0,4%
2317Citroen279722-61,4%0,3%
2427Infiniti224302-25,8%0,3%
2529Seat2161998,5%0,3%
2628Bluecar180231-22,1%0,2%
2722Suzuki177501-64,7%0,2%
2831Maserati118124-4,8%0,1%
2926Ford111359-69,1%0,1%
3032Bentley5270-25,7%0,1%
3140Alfa Romeo5012316,7%0,1%
3225SsangYong40388-89,7%
3335Ferrari3739-5,1%
3334Jeep3752-28,8%
3441Lamborghini3411209,1%
3533BYD3263-49,2%
3636Aston Martin2629-10,3%
3737Rolls-Royce2425-4,0%
3842McLaren2310130,0%
3930Perodua19125-84,8%
4046Maxus12-

Rank 2018Rank 2017Sales 2018Sales 2017'+/- 2018Share 2018
12Honda Motor15.04016.013-6,1%18,7%
21Toyota Group13.82219.133-27,8%17,2%
36Hyundai-Kia10.4637.65136,8%13,0%
43Renault Nissan Alliance8.2689.867-16,2%10,3%
55Mercedes Daimler7.1227.976-10,7%8,9%
68Volkswagen Group6.6906.01711,2%8,3%
77BMW5.9726.106-2,2%7,4%
84Mazda5.4148.509-36,4%6,7%
99Subaru3.1963.325-3,9%4,0%
1011Geely Group1.4181.527-7,1%1,8%

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Singapore 2017. Kia shining in a flat market https://www.focus2move.com/singapore-autos/ Thu, 08 Feb 2018 06:00:57 +0000 http://focus2move.com/?p=22186 Singapore Autos market in the 2017 was stable at the high level hit in the previous year, with near 110.000 vehicles sold, almost three-time more than in the 2013. Toyota overtook Honda on top of car passenger's ranking, but just for peanuts.

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Singapore Autos market in the 2017 was stable at the high level hit in the previous year, with near 110.000 vehicles sold, almost three-time more than in the 2013. Toyota overtook Honda on top of car passenger’s ranking, but just for peanuts.

Singapore’s momentum in economic lost some steam in Q4 but continued its healthy expansion, as markets had widely expected. Year-on-year growth benefited from solid global demand for electronics, which underpinned the manufacturing sector. The services sector also supported the economy, while the construction sector continued to contract, dragged down by the high stock of real estate. External demand seems, however, to be weakening: Annual growth in non-oil domestic exports softened considerably in both November and December. That said, business sentiment remains upbeat, and the robust Manufacturing PMI reading in December suggests that Q1 started on solid footing.

Singapore vehicles market hit a negative peak in the 2013 and then started a fast growth, supported by the decision taken by the government to release more CEE (certification for vehicles purchase) with total vehicles sales volume grew impressively from 37.511 (2013) to a new record in the 2017, when – according to data released by the Singapore Bureau of Statistics – sales hit the 109.888 units, down 0.8% from the previous year.

Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car32.72325.95433.02161.76387.93890.16791.442
HCV4.7756.68612.54915.14517.32114.32015.559
Taxi4.8363.4934.0854.0603.7942.7702.825
Bus1.1551.3781.6941.7991.8522.6312.684
Total43.48937.51151.34982.767110.905109.888112.510

2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Bus-24,7%19,3%22,9%6,2%2,9%42,1%2,0%
Car-1,3%-19,5%28,8%113,5%42,4%2,5%1,4%
HCV-20,5%40,1%88,0%20,7%14,4%-11,9%2,0%
Taxi-7,8%-27,8%16,9%-0,6%-6,6%-27,0%2,0%
Total-5,8%-12,0%39,0%75,1%34,0%-0,1%1,5%

At brand-wise (just car passenger’s), Toyota gained the leadership with few units of advantage over Honda.

Indeed Toyota have sold 16.037 cars (+7.8%) while the rival Honda did 16.013 (-17.8%).

In third place  Mazda with 8.509 (+20.0%) followed by Mercedes with 6.457 units (+0.2%), BMW with 5.591 (+22.0%), Nissan with 5.249 (-25.4%) and Kia with 3.848 (+63.3%). 

Rank 2017Rank 2016BrandSales 2017Sales 2016Variation 2017Share 2017Share 2016
12Toyota16.03714.8757,8%17,8%16,9%
21Honda16.01319.349-17,2%17,8%22,0%
33Mazda8.5097.09120,0%9,4%8,1%
45Mercedes6.4576.4440,2%7,2%7,3%
56BMW5.5914.58222,0%6,2%5,2%
64Nissan5.2417.028-25,4%5,8%8,0%
713Kia3.8482.35763,3%4,3%2,7%
811Hyundai3.8032.58747,0%4,2%2,9%
98Mitsubishi3.5553.632-2,1%3,9%4,1%
109Subaru3.3252.90214,6%3,7%3,3%
117Lexus3.0964.059-23,7%3,4%4,6%
1212Audi2.6042.36010,3%2,9%2,7%
1310Volkswagen2.4502.779-11,8%2,7%3,2%
1414Volvo1.5261.4852,8%1,7%1,7%
1527Opel961241298,8%1,1%0,3%
1621Renault76846266,2%0,9%0,5%
1715Citroen722814-11,3%0,8%0,9%
1817Peugeot68160812,0%0,8%0,7%
1918Porsche67756320,2%0,8%0,6%
2019Jaguar553555-0,4%0,6%0,6%
2122Land Rover52938836,3%0,6%0,4%
2220Suzuki5014961,0%0,6%0,6%
2316Chevrolet468623-24,9%0,5%0,7%
2423Mini46738321,9%0,5%0,4%
2526SsangYong38827939,1%0,4%0,3%
2624Ford3593376,5%0,4%0,4%
2725Infiniti302328-7,9%0,3%0,4%
2835Seat19914
2933Perodua12518
3028Maserati12463
3129Bentley7053
3238Jeep529
3331Ferrari3937
3435Aston Martin2914
3532Rolls-Royce2519
3636Alpina2312
3730Alfa Romeo1239
3834Lamborghini1115
3939McLaren105
4042Skoda62
4143Triumph31
4237Chery210
4344Mitsuoka1-
4343Fiat11
4343Lotus11
4340MG14
4344Austin1-
4344Datsun1-
4444Hafei--
4441Tesla-3
4444Hummer--
4444Proton--
4443Daihatsu-1

Rank 2017Rank 2016GroupSales 2017Sales 2016Variation 2017Share 2017Share 2016
12Toyota M.C.19.13318.9351,0%21,2%21,5%
21Honda M.C.16.01319.349-17,2%17,8%22,0%
33Renault Nissan Alliance9.86711.450-13,8%10,9%13,0%
44Mazda8.5097.09120,0%9,4%8,1%
58Hyundai-Kia7.6514.94454,8%8,5%5,6%
65Mercedes Benz6.4576.4440,2%7,2%7,3%
77BMW6.1064.99622,2%6,8%5,7%
86Volkswagen Group6.0175.7864,0%6,7%6,6%
99Fuji Heavy Industries3.3252.90214,6%3,7%3,3%
1010P.S.A.2.3641.66342,2%2,6%1,9%

 

 

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Singapore 2016 sales at best since 2005 https://www.focus2move.com/singapore-cars-sales/ Tue, 07 Feb 2017 05:00:57 +0000 http://focus2move.com/?p=25493 Singapore Cars Sales in November grew less intensely, pushing down the sales volume year to date under 50%. Honda ranked 2nd with over 13.000 units.

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Singapore Cars Sales 2016 boomed at best since 2005 thanks to the large number of COE released and to the parallel import. Honda jumped on top of the list ahead of Toyota and Mazda.

Market Outlook

Singapore’s economy surprised to the upside in the final quarter of 2016 and avoided a technical recession. The rebound was mainly driven by a turnaround in the manufacturing and the services sectors, while the construction sector, burdened by difficult housing market conditions, continued to contract.

The final quarter’s positive result brought full-year 2016 GDP growth to 1.8%, which, despite being the slowest pace of growth in seven years, testifies to the structural strengths of the small and strongly market-oriented Asian economy in an adverse external environment.

Due to the combined effect of expanded COE released and strong parallel import, the 2016 celebrated a great improvement in the domestic car sales. at best since 2005.

Indeed, according to data released by the Singapore Bureau of Statistics, the total vehicles registered in the year had been 117.437 (+49.8%) including 87.498 car passenger’s (+52.6%), 3.794 Taxis (-6.6%) and 26.145 HCVs and Bus (+54.3%).

Competitive Arena

Thanks to the last quarter sales boom in the parallel import, mainly on the new Vezel, Honda was able to keep the leadership of the car segment with 19.349 sales (+144.4%) ahead of the traditional leader, Toyota, second with 14.432 sales (+42.2%).

In third place Mazda with 7.091 (+34.1%) a breath ahead of Nissan with 7.028 (+26.1%), Mercedes with 6.444 (+19.1%) and BMW with 4.582 (+27.0%).

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank DecRank 2016BRANDSales DecemberSales 2016 FYVariation DecemberVariation 2016 FYShare DecemberShare 2016
11Honda5.91619.349466,7%144,4%53,6%22,1%
32Toyota72714.432-35,1%42,2%6,6%16,5%
23Mazda8577.09139,8%34,1%7,8%8,1%
44Nissan6267.028-22,0%26,1%5,7%8,0%
55Mercedes3976.44420,7%19,2%3,6%7,4%
106BMW1944.582-57,2%27,0%1,8%5,2%
97Lexus2104.059-39,5%100,8%1,9%4,6%
138Mitsubishi1633.63263,0%163,4%1,5%4,2%
119Subaru1842.902-8,0%74,0%1,7%3,3%
810Volkswagen2202.7794,3%-9,1%2,0%3,2%
1211Hyundai1682.58710,5%43,3%1,5%3,0%
712Audi2542.360-3,8%12,8%2,3%2,7%
1413Kia1622.357-9,0%48,6%1,5%2,7%
1514Volvo1401.48548,9%16,6%1,3%1,7%
615Citroen299814353,0%18,8%2,7%0,9%
1816Chevrolet5162359,4%72,6%0,5%0,7%
1717Peugeot53608-1,9%15,8%0,5%0,7%
2218Porsche36563300,0%1,8%0,3%0,6%
1619Jaguar6955553,3%44,2%0,6%0,6%
2020Suzuki38496-24,0%93,0%0,3%0,6%
1821Renault51462-15,0%46,2%0,5%0,5%
2022Land Rover383885,6%11,2%0,3%0,4%
1923Mini4138336,7%29,0%0,4%0,4%
2424Ford2433750,0%4,3%0,2%0,4%
2325Infiniti2932838,1%47,7%0,3%0,4%
2526SsangYong18279200,0%282,2%0,2%0,3%
2127Opel37241640,0%282,5%0,3%0,3%
2728Maserati76316,7%-16,0%0,1%0,1%
2729Bentley753250,0%-19,7%0,1%0,1%
2830Alfa Romeo339-25,0%25,8%
31Ferrari37-100,0%-9,8%
3032Rolls-Royce119
33Perodua18
3134Lamborghini-15
3035Aston Martin114
2635Seat1114
3036Alpina112
3037Chery110
3037Chrysler110
2938Jeep29
39McLaren5
40MG4
3141Tesla-3
3042Skoda12
43Lotus1
43Daihatsu1
3043Triumph11
43Fiat1
Rank DecRank 2016GROUPSales DecemberSales 2016 FYVariation DecemberVariation 2016 FYShare DecemberShare 2016 FY
11Honda5.91619.349466,7%144,4%53,6%22,1%
22Toyota93718.492-36,1%51,9%8,5%21,1%
43Renault-Nissan7067.818-20,1%27,9%6,4%8,9%
34Mazda8577.09139,8%34,1%7,8%8,1%
65Mercedes Daimler3976.44420,7%19,2%3,6%7,4%
56Volkswagen5295.7868,8%0,0%4,8%6,6%
97BMW2374.996-51,0%27,0%2,1%5,7%
88Hyundai-Kia3304.9440,0%45,8%3,0%5,7%
119Mitsubishi1633.63263,0%163,4%1,5%4,2%
1010Fuji Heavy Industries1842.902-8,0%74,0%1,7%3,3%
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Singapore Vehicles Market in 2015 boomed at best since 2008 thanks to lower CEE price. https://www.focus2move.com/singapore-vehicles-market-in-2015/ Fri, 22 Jan 2016 18:54:02 +0000 http://focus2move.com/?p=18003 Singapore Vehicles Market in 2015 boomed at best since 2008 thanks to lower CEE price. The car passenger's sold were near double than in the previous year albeit the market has the highest car price worldwide.

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Singapore Vehicles Market in 2015 boomed at best since 2008 thanks to lower CEE price. The car passenger’s sold were near double than in the previous year albeit the market has the highest car price worldwide.

Economic Outlook

Singapore’s economy rebounded notably in the third quarter, expanding 1.9% over the previous quarter at a seasonally adjusted annualized rate (SAAR) (Q2: -2.6% SAAR). The figure was revised sharply up from the 0.1% increase reported in the advance reading and came on the back of a significant expansion in services and smaller drag from manufacturing. Singapore has been relying on its strong finance sector to shelter the economy from the spillover effects from China’s slowdown.

Data for the fourth quarter suggest that growth is tepid: non-oil domestic exports swung to contraction and manufacturing plunged in October.

Market Outlook

Albeit huge cost of certification and the highest vehicle price in the World, the Singapore new cars market is the fastest growing worldwide in the 2015.

In the limited space of this state-metropolis, the key element actually influencing the new vehicles sales is the price of CEE – the Certificates of Entitlements (the right to register a new car) – which had been considerably reduced last year after having peaked up level higher than the base cost of the single car.

The effect on sales had been strong with the market that is booming since months and with the full year 2015 hitting the best performance out of last seven years.

According to data released by the Singapore Bureau of Statistics, total vehicles sold in the 2015 had been 78.392, up 65.9% from the previous year. Within this figure the car passenger’s sales were 57.388 (excluding Taxis), up 98.4%, while commercial vehicles were 17.049 (+19.0%) and Taxis were flat at 4.060.

Please note that from now onwards, we will report Singapore data as Total vehicles (including cars, commercial vehicles and taxi) while in the table just the car passengers performance will be featured.

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

 

Rank DecRank 2015BrandSales DecSales 2015Dec Var2015 VarShare DecShare 2015
11Toyota1.12010.151280,7%187,6%17,6%17,6%
22Honda1.0447.916261,2%413,7%16,4%13,8%
33Nissan8035.574234,6%204,8%12,6%9,7%
74Mercedes3295.4081,9%16,3%5,2%9,4%
45Mazda6135.287122,9%168,8%9,6%9,2%
56BMW4533.60881,9%11,4%7,1%6,3%
97Volkswagen2113.056-3,7%21,2%3,3%5,3%
88Audi2642.09335,4%33,7%4,2%3,6%
69Lexus3472.021119,0%6,3%5,5%3,5%
1210Hyundai1521.80597,4%107,7%2,4%3,1%
1011Subaru2001.66888,7%166,0%3,1%2,9%
1112Kia1781.58693,5%111,7%2,8%2,8%
1313Mitsubishi1001.379376,2%1645,6%1,6%2,4%
1414Volvo941.274-13,0%40,0%1,5%2,2%
1515Citroen6668583,3%151,8%1,0%1,2%
2516Porsche9553-76,9%47,5%0,1%1,0%
1717Peugeot54525116,0%129,3%0,8%0,9%
1918Jaguar4538536,4%12,9%0,7%0,7%
2119Chevrolet32361-3,0%23,2%0,5%0,6%
2020Land Rover36349-2,7%16,7%0,6%0,6%
2421Ford16323100,0%55,3%0,3%0,6%
1622Renault6031662,2%152,8%0,9%0,5%
2223Mini3029742,9%53,9%0,5%0,5%
1824Suzuki50257194,1%140,2%0,8%0,4%
2325Infiniti212225,0%144,0%0,3%0,4%
2626Maserati675100,0%33,9%0,1%0,1%
2627SsangYong673#DIV/0!461,5%0,1%0,1%
2928Bentley266-66,7%-5,7%0,0%0,1%
2729Opel563400,0%-38,2%0,1%0,1%
2930Ferrari241#DIV/0!32,3%0,0%0,1%
2831Alfa Romeo431100,0%-11,4%0,1%0,1%
3132Jeep-29-100,0%70,6%0,0%0,1%
3133Lamborghini-20-100,0%100,0%0,0%0,0%
3133Rolls-Royce-20#DIV/0!5,3%0,0%0,0%
3034Alpina190,0%12,5%0,0%0,0%
3135Aston Martin-5-100,0%25,0%0,0%0,0%
2935Chery25#DIV/0!150,0%0,0%0,0%
3135Chrysler-5#DIV/0!-50,0%0,0%0,0%
3136McLaren-4-100,0%-63,6%0,0%0,0%
3137Fiat-3-100,0%-50,0%0,0%0,0%
3137Mitsuoka-3-100,0%50,0%0,0%0,0%
3137Daihatsu-3#DIV/0!-50,0%0,0%0,0%
3138Ruf-1-100,0%-50,0%0,0%0,0%
3138Austin-1#DIV/0!#DIV/0!0,0%0,0%
3138Triumph-1-100,0%-50,0%0,0%0,0%
3138MG-1-100,0%-50,0%0,0%0,0%
3138Morris-1#DIV/0!#DIV/0!0,0%0,0%

Rank DecRank 2015GroupSales DecSales 2015Dec Var2015 VarShare DecShare 2015
11Toyota1.46712.175224,1%123,9%23,1%21,2%
22Honda1.0447.916261,2%413,7%16,4%13,8%
33Renault-Nissan8846.112197,6%198,9%13,9%10,6%
46Mazda6135.287122,9%168,8%9,6%9,2%
54Volkswagen4865.7885,7%27,4%7,6%10,1%
67BMW4843.93478,6%13,7%7,6%6,8%
78Hyundai-Kia3303.39195,3%109,6%5,2%5,9%
85Mercedes Daimler3295.4081,9%16,3%5,2%9,4%
99Fuji Heavy Industries2001.66888,7%166,0%3,1%2,9%
1012PSA1201.21096,7%141,5%1,9%2,1%

Wishing to know all about this market, consider to purchase the just released research:

 

 

]]> Singapore https://www.focus2move.com/singapore-car-market-insights-2015/ Sun, 01 Feb 2015 12:00:26 +0000 http://focus2move.com/?p=12261 Singapore Car Market Insights 2015 report includes all data, insights and statistics updated at full year 2014. Over 60 pages you must read wishing to really catch the Singapore new vehicle market momentum.

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Singapore Car Market Insights 2015 report includes all data, insights and statistics updated at full year 2014. Over 60 pages you must read wishing to really catch the Singapore new vehicle market momentum.

Singapore is a bustling cosmopolitan city populated with high-rise buildings and landscape gardens. Brimming with a harmonious blend of culture, cuisine, arts and architecture, Singapore is a dynamic city that is rich in contrast and colour.

In fact, you can even say that Singapore embodies the finest of both East and West.

Located in Southeast Asia, Singapore has a land area of about 710 square km, making her one of the smallest countries in the world and the smallest in the region – hence the moniker “The Little Red Dot”.

Although small, Singapore commands an enormous presence in the world today with its free trade economy and highly efficient workforce.

The Singapore car market is unique in the world influenced by two key factors: the price of Certificate of Entitlement (COEs) and the high pro capita income.

In 2004 new registrations were about 137.500 falling under 100.000 units in 2007 and declining at only 45.000 vehicles in 2010.

In 2011, the government reduced by 33% the COEs available for cars, resulting in a record premium of over $70,000 for the large cars. That year sales were 28.270.

Since the end of 2013, the market has begun to recover gradually and in the 2014 – according to preliminary data available – Singaporean LPV market (Cars plus Commercial Vehicles below 3.5 tons)  posted a +28.6% from the previous year with 28.907 new vehicles.

The market is dominated by Premium brands.

Mercedes kept leadership in 2014 selling about 4.651 units with share at 16.1%, improving volume by 20.1% from 2013.

Toyota advanced in second with about 3.530 units, +57% and share at 12.2%, up 2.2 points.  BMW was in 3rd place with 3.239 units, down 13.1% with share at 11.2%.

In the 2014, the best-selling model was the Mercedes E Class in first with 1.520 units (+37.1%), one spot ahead from 2013. Toyota Corolla Altis jumped three steps landing in second place with 1.367 (+71.3%), while BMW 5 Series in third sold 945 units (-22.9%).

In the report all details on market volume, brands performance, market segmentation, model performance with 2012, 2013 and 2014 data and analysis.

Please read the Car Market Insights Sample to see details.

For any additional information or help, please contact our Business Development Manager Karen Ventura at kventura@focus2move.com 

To know more on the product and to see the Table of Contents, please click on the picture.

 

 

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