22 February 2017

Singapore Car Sales - Brand / 2016


The system employed of issuing certificates for new cars creates unusual patterns of car buying. Ten years ago sales fell precipitously from 117,000 in 2006 to a low of 22,500 in 2013. They are now back on the rise, with 87,500 registrations in 2016. When will the crest of the wave be reached again before another fall? It all depends in how many certificates (COEs) are handed in as older cars are deregistered. It's explained here.

The setup in Singapore favours premium marques. In 2011 and 2012, BMW as top with Mercedes replacing then in 2013. This was during a shortage of COEs. Now they are more plentiful and prices for them dropped, back came the mainstream brand. Toyota/Lexus was the strongest selling company and Honda won in 2016.

If you look at the historical years on the left side of the chart below, one can clearly see how variable things are. Artificial market forces create this sort of thing. In the chart below, pale yellow represents decrease, pale blue is increase but lost market share. Green is for increase in both sales and share.


12 13 14 15 16 Brand 2016 % +/-

11 11 8 2 1 Honda 19,349 22.1% 144%

3 3 1 1 2 Toyota/Lexus 18,491 21.1% 52%

18 7 5 5 3 Mazda 7,091 8.1% 34%

8 8 6 3 4 Nissan 7,028 8.0% 26%

2 1 2 4 5 Mercedes 6,444 7.4% 19%

1 2 3 6 6 BMW 4,594 5.3% 27%

29 30 25 12 7 Mitsubishi 3,632 4.2% 163%

21 18 12 10 8 Subaru 2,902 3.3% 74%

4 4 4 7 9 VW 2,779 3.2% -9%

6 10 10 9 10 Hyundai 2,587 3.0% 43%

5 5 7 8 11 Audi 2,360 2.7% 13%

9 15 11 11 12 Kia 2,357 2.7% 49%

7 6 9 13 13 Volvo 1,485 1.7% 17%

16 20 17 14 14 Citroën 814 0.9% 19%

13 16 16 18 15 Chevrolet 623 0.7% 73%

10 14 18 16 16 Peugeot 608 0.7% 16%

12 13 13 15 17 Porsche 563 0.6% -4%

14 9 14 17 18 Jaguar 556 0.6% 44%

20 24 22 23 19 Suzuki 496 0.6% 93%

22 22 21 21 20 Renault 462 0.5% 46%

15 12 15 19 21 Land Rover 388 0.4% 11%

19 19 20 22 22 MINI 383 0.4% 30%

17 17 19 20 23 Ford 337 0.4% 4%

27 28 24 24 24 Infiniti 328 0.4% 48%

39 38 32 26 25 Ssangyong 279 0.3% 282%

23 23 23 28 26 Opel 241 0.3% 283%

25 27 27 25 27 Maserati 63 0.1% -16%

24 21 26 27 28 Bentley 53 0.1% -20%

32 34 28 31 29 Alfa Romeo 39 0.0% 26%

26 25 29 29 30 Ferrari 37 0.0% -10%

34 29 30 30 31 Chrysler 19 0.0% -44%

32 26 31 32 31 Rolls Royce 19 0.0% -5%

43 40 - - 33 Perodua 18 0.0% n/a

30 32 34 32 34 Lamborghini 15 0.0% -25%

38 33 37 34 35 Aston Martin 14 0.0% 180%

- - - - 35 Seat 14 0.0% n/a

44 - 39 34 37 Chery 10 0.0% 100%






Others 26 0.0%






Total 87,504 52%

Data source: LTA.
Text source: RayCee.

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