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.

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.

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. 

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.

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.

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

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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 2019	Rank 2018	Brand	Sales 2019	Sales December	+/- YTD	Share 2019	Share December
1	1	Honda	15.305	805	1,8%	21,14%	17,11%
2	2	Toyota	10.785	780	-12,0%	14,89%	16,58%
3	3	Mercedes	7.840	611	10,1%	10,83%	12,99%
4	4	Hyundai	5.618	201	-14,1%	7,76%	4,27%
5	6	BMW	5.346	591	-1,1%	7,38%	12,56%
6	8	Kia	4.227	157	7,7%	5,84%	3,34%
7	5	Mazda	3.095	188	-42,8%	4,27%	4,00%
8	9	Mitsubishi	3.020	96	-8,0%	4,17%	2,04%
9	11	Audi	2.487	155	-15,4%	3,43%	3,30%
10	7	Nissan	2.405	174	-40,2%	3,32%	3,70%
11	13	Lexus	2.137	222	37,4%	2,95%	4,72%
12	12	Volkswagen	1.726	100	-28,7%	2,38%	2,13%
13	10	Subaru	1.261	89	-60,5%	1,74%	1,89%
14	14	Volvo	874	68	-38,3%	1,21%	1,45%
15	19	Skoda	849	63	87,8%	1,17%	1,34%
16	15	Renault	779	40	6,0%	1,08%	0,85%
17	21	Opel	629	63	109,0%	0,87%	1,34%
18	17	Porsche	628	46	9,2%	0,87%	0,98%
19	27	Suzuki	467	38	163,8%	0,64%	0,81%
20	18	Mini	455	33	-14,5%	0,63%	0,70%
21	20	Jaguar	336	26	-17,4%	0,46%	0,55%
22	25	Seat	329	30	52,3%	0,45%	0,64%
23	23	Citroen	303	34	8,6%	0,42%	0,72%
24	22	Land Rover	301	19	4,2%	0,42%	0,40%
25	26	Bluecar	265	-	47,2%	0,37%	0,00%
26	24	Infiniti	162	11	-27,7%	0,22%	0,23%
27	16	Peugeot	124	12	-82,3%	0,17%	0,26%
28	28	Maserati	103	10	-12,7%	0,14%	0,21%
29	39	Perodua	88	6	363,2%	0,12%	0,13%
30	30	Bentley	69	8	32,7%	0,10%	0,17%
31	34	Lamborghini	61	4	79,4%	0,08%	0,09%
32	31	Alfa Romeo	60	4	20,0%	0,08%	0,09%
33	33	Jeep	58	8	56,8%	0,08%	0,17%
34	32	SsangYong	47	5	17,5%	0,06%	0,11%
35	33	Ferrari	43	-	16,2%	0,06%	0,00%
36	37	Rolls-Royce	24	-	0,0%	0,03%	0,00%
37	36	Aston Martin	21	2	-19,2%	0,03%	0,04%
37	38	McLaren	21	-	-8,7%	0,03%	0,00%
38	40	Maxus	15	-	25,0%	0,02%	0,00%
39	44	Tesla	14	3	250,0%	0,02%	0,06%
40	29	Ford	13	2	-88,3%	0,02%	0,04%
41	35	BYD	7	-	-78,1%	0,01%	0,00%
42	45	MG	3	-	50,0%	0,00%	0,00%
43	41	Alpina	2	-	-81,8%	0,00%	0,00%
43	42	Datsun	2	-	-66,7%	0,00%	0,00%
44	46	Fiat	1	-		0,00%	0,00%
44	46	Ruf	1	-		0,00%	0,00%
44	46	Austin	1	-		0,00%	0,00%
44	45	Lotus	1	-	-50,0%	0,00%	0,00%

Rank 2019	Rank 2018	Group	Sales 2019	Sales December	+/- 2019	Share 2019	Share December
1	1	Honda Motor	15.305	805	1,8%	21,14%	17,11%
2	2	Toyota Group	12.922	1002	-6,5%	17,85%	21,30%
3	3	Hyundai-Kia	9.845	358	-5,9%	13,60%	7,61%
4	5	Mercedes Daimler	7.840	611	10,1%	10,83%	12,99%
5	4	Renault Nissan Alliance	6.368	321	-23,0%	8,79%	6,82%
6	6	Volkswagen Group	6.149	406	-8,1%	8,49%	8,63%
7	7	BMW	5.827	624	-2,4%	8,05%	13,27%
8	8	Mazda	3.095	188	-42,8%	4,27%	4,00%
9	9	Subaru	1.261	89	-60,5%	1,74%	1,89%
10	11	P.S.A.	1.056	109	-17,6%	1,46%	2,32%

Rank 2019	Rank 2018	Brand	Sales 2019	Sales December	+/- YTD	Share 2019	Share December
1	1	Toyota	1.081	84	10,0%	14,32%	15,10%
2	3	Dacia	810	69	2,9%	10,72%	12,34%
3	2	Peugeot	781	47	-1,8%	10,34%	8,47%
4	6	Renault	609	49	0,3%	8,06%	8,84%
5	4	Citroen	591	32	-14,7%	7,83%	5,71%
6	5	Ford	548	44	-20,1%	7,25%	7,92%
7	7	Hyundai	517	25	13,8%	6,84%	4,42%
8	8	Kia	345	34	-4,5%	4,57%	6,08%
9	12	Mitsubishi	294	27	6,2%	3,90%	4,79%
10	10	Subaru	293	28	-12,4%	3,87%	4,97%
11	9	Suzuki	288	14	-18,5%	3,82%	2,58%
12	13	Volkswagen	187	20	-23,1%	2,48%	3,50%
13	11	Nissan	181	7	-40,5%	2,40%	1,29%
14	14	Isuzu	146	10	-30,3%	1,93%	1,84%
15	15	Fiat	137	12	-21,8%	1,81%	2,21%
16	16	Mazda	125	4	-21,2%	1,66%	0,74%
17	19	Mercedes	99	3	-11,3%	1,32%	0,55%
18	17	Chevrolet	99	10	-33,0%	1,30%	1,84%
19	18	Land Rover	91	13	-22,5%	1,21%	2,39%
20	20	Dodge	51	-	-32,8%	0,68%	0,00%
21	21	Audi	49	4	-30,7%	0,65%	0,74%
22	22	Jeep	45	6	3,0%	0,60%	1,10%
23	24	Mini	40	2	3,1%	0,53%	0,37%
24	27	Jaguar	40	1	43,2%	0,53%	0,18%
25	23	BMW	38	3	-9,2%	0,51%	0,55%
26	25	Iveco	30	5	-20,6%	0,40%	0,92%
27	26	Porsche	20	1	-45,8%	0,27%	0,18%
28	29	DS	13	2	117,7%	0,17%	0,37%
29	29	Alfa Romeo	3	-	-49,5%	0,04%	0,00%

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.

Market	Sales 2014	Sales 2015	Sales 2016	Sales 2017	Sales 2018	'+/- 2018
Car	33.021	66.740	88.675	91.993	80.268	-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 2018	Rank 2017		Sales 2018	Sales 2017	'+/- 2018	Share 2018
1	2	Honda	15.040	16.013	-6,1%	18,7%
2	1	Toyota	12.262	16.037	-23,5%	15,3%
3	4	Mercedes	7.122	7.976	-10,7%	8,9%
4	8	Hyundai	6.540	3.803	72,0%	8,1%
5	3	Mazda	5.414	8.509	-36,4%	6,7%
6	5	BMW	5.405	5.591	-3,3%	6,7%
7	6	Nissan	4.019	5.241	-23,3%	5,0%
8	7	Kia	3.923	3.848	1,9%	4,9%
9	9	Mitsubishi	3.284	3.555	-7,6%	4,1%
10	10	Subaru	3.196	3.325	-3,9%	4,0%
11	12	Audi	2.941	2.604	12,9%	3,7%
12	13	Volkswagen	2.420	2.450	-1,2%	3,0%
13	11	Lexus	1.555	3.096	-49,8%	1,9%
14	14	Volvo	1.416	1.526	-7,2%	1,8%
15	16	Renault	735	768	-4,3%	0,9%
16	18	Peugeot	701	681	2,9%	0,9%
17	19	Porsche	575	677	-15,1%	0,7%
18	24	Mini	532	467	13,9%	0,7%
19	43	Skoda	452	6	7433,3%	0,6%
20	20	Jaguar	407	553	-26,4%	0,5%
21	15	Opel	301	961	-68,7%	0,4%
22	21	Land Rover	289	529	-45,4%	0,4%
23	17	Citroen	279	722	-61,4%	0,3%
24	27	Infiniti	224	302	-25,8%	0,3%
25	29	Seat	216	199	8,5%	0,3%
26	28	Bluecar	180	231	-22,1%	0,2%
27	22	Suzuki	177	501	-64,7%	0,2%
28	31	Maserati	118	124	-4,8%	0,1%
29	26	Ford	111	359	-69,1%	0,1%
30	32	Bentley	52	70	-25,7%	0,1%
31	40	Alfa Romeo	50	12	316,7%	0,1%
32	25	SsangYong	40	388	-89,7%
33	35	Ferrari	37	39	-5,1%
33	34	Jeep	37	52	-28,8%
34	41	Lamborghini	34	11	209,1%
35	33	BYD	32	63	-49,2%
36	36	Aston Martin	26	29	-10,3%
37	37	Rolls-Royce	24	25	-4,0%
38	42	McLaren	23	10	130,0%
39	30	Perodua	19	125	-84,8%
40	46	Maxus	12	-

Rank 2018	Rank 2017		Sales 2018	Sales 2017	'+/- 2018	Share 2018
1	2	Honda Motor	15.040	16.013	-6,1%	18,7%
2	1	Toyota Group	13.822	19.133	-27,8%	17,2%
3	6	Hyundai-Kia	10.463	7.651	36,8%	13,0%
4	3	Renault Nissan Alliance	8.268	9.867	-16,2%	10,3%
5	5	Mercedes Daimler	7.122	7.976	-10,7%	8,9%
6	8	Volkswagen Group	6.690	6.017	11,2%	8,3%
7	7	BMW	5.972	6.106	-2,2%	7,4%
8	4	Mazda	5.414	8.509	-36,4%	6,7%
9	9	Subaru	3.196	3.325	-3,9%	4,0%
10	11	Geely Group	1.418	1.527	-7,1%	1,8%

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.

	2012 Var	2013 Var	2014 Var	2015 Var	2016 Var	2017 Var	2018 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 2017	Rank 2016	Brand	Sales 2017	Sales 2016	Variation 2017	Share 2017	Share 2016
1	2	Toyota	16.037	14.875	7,8%	17,8%	16,9%
2	1	Honda	16.013	19.349	-17,2%	17,8%	22,0%
3	3	Mazda	8.509	7.091	20,0%	9,4%	8,1%
4	5	Mercedes	6.457	6.444	0,2%	7,2%	7,3%
5	6	BMW	5.591	4.582	22,0%	6,2%	5,2%
6	4	Nissan	5.241	7.028	-25,4%	5,8%	8,0%
7	13	Kia	3.848	2.357	63,3%	4,3%	2,7%
8	11	Hyundai	3.803	2.587	47,0%	4,2%	2,9%
9	8	Mitsubishi	3.555	3.632	-2,1%	3,9%	4,1%
10	9	Subaru	3.325	2.902	14,6%	3,7%	3,3%
11	7	Lexus	3.096	4.059	-23,7%	3,4%	4,6%
12	12	Audi	2.604	2.360	10,3%	2,9%	2,7%
13	10	Volkswagen	2.450	2.779	-11,8%	2,7%	3,2%
14	14	Volvo	1.526	1.485	2,8%	1,7%	1,7%
15	27	Opel	961	241	298,8%	1,1%	0,3%
16	21	Renault	768	462	66,2%	0,9%	0,5%
17	15	Citroen	722	814	-11,3%	0,8%	0,9%
18	17	Peugeot	681	608	12,0%	0,8%	0,7%
19	18	Porsche	677	563	20,2%	0,8%	0,6%
20	19	Jaguar	553	555	-0,4%	0,6%	0,6%
21	22	Land Rover	529	388	36,3%	0,6%	0,4%
22	20	Suzuki	501	496	1,0%	0,6%	0,6%
23	16	Chevrolet	468	623	-24,9%	0,5%	0,7%
24	23	Mini	467	383	21,9%	0,5%	0,4%
25	26	SsangYong	388	279	39,1%	0,4%	0,3%
26	24	Ford	359	337	6,5%	0,4%	0,4%
27	25	Infiniti	302	328	-7,9%	0,3%	0,4%
28	35	Seat	199	14
29	33	Perodua	125	18
30	28	Maserati	124	63
31	29	Bentley	70	53
32	38	Jeep	52	9
33	31	Ferrari	39	37
34	35	Aston Martin	29	14
35	32	Rolls-Royce	25	19
36	36	Alpina	23	12
37	30	Alfa Romeo	12	39
38	34	Lamborghini	11	15
39	39	McLaren	10	5
40	42	Skoda	6	2
41	43	Triumph	3	1
42	37	Chery	2	10
43	44	Mitsuoka	1	-
43	43	Fiat	1	1
43	43	Lotus	1	1
43	40	MG	1	4
43	44	Austin	1	-
43	44	Datsun	1	-
44	44	Hafei	-	-
44	41	Tesla	-	3
44	44	Hummer	-	-
44	44	Proton	-	-
44	43	Daihatsu	-	1

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.

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 Dec	Rank 2015	Brand	Sales Dec	Sales 2015	Dec Var	2015 Var	Share Dec	Share 2015
1	1	Toyota	1.120	10.151	280,7%	187,6%	17,6%	17,6%
2	2	Honda	1.044	7.916	261,2%	413,7%	16,4%	13,8%
3	3	Nissan	803	5.574	234,6%	204,8%	12,6%	9,7%
7	4	Mercedes	329	5.408	1,9%	16,3%	5,2%	9,4%
4	5	Mazda	613	5.287	122,9%	168,8%	9,6%	9,2%
5	6	BMW	453	3.608	81,9%	11,4%	7,1%	6,3%
9	7	Volkswagen	211	3.056	-3,7%	21,2%	3,3%	5,3%
8	8	Audi	264	2.093	35,4%	33,7%	4,2%	3,6%
6	9	Lexus	347	2.021	119,0%	6,3%	5,5%	3,5%
12	10	Hyundai	152	1.805	97,4%	107,7%	2,4%	3,1%
10	11	Subaru	200	1.668	88,7%	166,0%	3,1%	2,9%
11	12	Kia	178	1.586	93,5%	111,7%	2,8%	2,8%
13	13	Mitsubishi	100	1.379	376,2%	1645,6%	1,6%	2,4%
14	14	Volvo	94	1.274	-13,0%	40,0%	1,5%	2,2%
15	15	Citroen	66	685	83,3%	151,8%	1,0%	1,2%
25	16	Porsche	9	553	-76,9%	47,5%	0,1%	1,0%
17	17	Peugeot	54	525	116,0%	129,3%	0,8%	0,9%
19	18	Jaguar	45	385	36,4%	12,9%	0,7%	0,7%
21	19	Chevrolet	32	361	-3,0%	23,2%	0,5%	0,6%
20	20	Land Rover	36	349	-2,7%	16,7%	0,6%	0,6%
24	21	Ford	16	323	100,0%	55,3%	0,3%	0,6%
16	22	Renault	60	316	62,2%	152,8%	0,9%	0,5%
22	23	Mini	30	297	42,9%	53,9%	0,5%	0,5%
18	24	Suzuki	50	257	194,1%	140,2%	0,8%	0,4%
23	25	Infiniti	21	222	5,0%	144,0%	0,3%	0,4%
26	26	Maserati	6	75	100,0%	33,9%	0,1%	0,1%
26	27	SsangYong	6	73	#DIV/0!	461,5%	0,1%	0,1%
29	28	Bentley	2	66	-66,7%	-5,7%	0,0%	0,1%
27	29	Opel	5	63	400,0%	-38,2%	0,1%	0,1%
29	30	Ferrari	2	41	#DIV/0!	32,3%	0,0%	0,1%
28	31	Alfa Romeo	4	31	100,0%	-11,4%	0,1%	0,1%
31	32	Jeep	-	29	-100,0%	70,6%	0,0%	0,1%
31	33	Lamborghini	-	20	-100,0%	100,0%	0,0%	0,0%
31	33	Rolls-Royce	-	20	#DIV/0!	5,3%	0,0%	0,0%
30	34	Alpina	1	9	0,0%	12,5%	0,0%	0,0%
31	35	Aston Martin	-	5	-100,0%	25,0%	0,0%	0,0%
29	35	Chery	2	5	#DIV/0!	150,0%	0,0%	0,0%
31	35	Chrysler	-	5	#DIV/0!	-50,0%	0,0%	0,0%
31	36	McLaren	-	4	-100,0%	-63,6%	0,0%	0,0%
31	37	Fiat	-	3	-100,0%	-50,0%	0,0%	0,0%
31	37	Mitsuoka	-	3	-100,0%	50,0%	0,0%	0,0%
31	37	Daihatsu	-	3	#DIV/0!	-50,0%	0,0%	0,0%
31	38	Ruf	-	1	-100,0%	-50,0%	0,0%	0,0%
31	38	Austin	-	1	#DIV/0!	#DIV/0!	0,0%	0,0%
31	38	Triumph	-	1	-100,0%	-50,0%	0,0%	0,0%
31	38	MG	-	1	-100,0%	-50,0%	0,0%	0,0%
31	38	Morris	-	1	#DIV/0!	#DIV/0!	0,0%	0,0%

Rank Dec	Rank 2015	Group	Sales Dec	Sales 2015	Dec Var	2015 Var	Share Dec	Share 2015
1	1	Toyota	1.467	12.175	224,1%	123,9%	23,1%	21,2%
2	2	Honda	1.044	7.916	261,2%	413,7%	16,4%	13,8%
3	3	Renault-Nissan	884	6.112	197,6%	198,9%	13,9%	10,6%
4	6	Mazda	613	5.287	122,9%	168,8%	9,6%	9,2%
5	4	Volkswagen	486	5.788	5,7%	27,4%	7,6%	10,1%
6	7	BMW	484	3.934	78,6%	13,7%	7,6%	6,8%
7	8	Hyundai-Kia	330	3.391	95,3%	109,6%	5,2%	5,9%
8	5	Mercedes Daimler	329	5.408	1,9%	16,3%	5,2%	9,4%
9	9	Fuji Heavy Industries	200	1.668	88,7%	166,0%	3,1%	2,9%
10	12	PSA	120	1.210	96,7%	141,5%	1,9%	2,1%

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

]]> 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.