
Registrations were up 22% for the year. It sounds good but it is 10% down when compared to the average over the previous ten years. The COE system which limits the number of cars sold is the reason.
Toyota / Lexus took the lead off Honda in 2020 and remained at the top from then through to 2024. Combining Toyota and Lexus is strange but it ultimately didn't stop BYD taking over this year and in spectacular style.
Toyota is down from 18.3% market share to 14.2%. That's the lowest percentage since 2011. BYD has taken a commanding lead, selling more than one in five cars! I didn't expect that sort of success. Tesla is currently 6th, its highest ranking shared with 2024.
Premium marques sell well here as cars here are very expensive and wealthier car buyers are more likely to be able to afford one. Chinese brands are becoming very successful, being both sharply priced and well specified.
Data source: LTA Singapore.
Picture Sources: BYD (Sealion 7) & Toyota (Noah) Singapore.


