For a market that doesn't have a car industry to protect or get nationalistic over, it's surprising that a few brands have such a strong position. The COE system makes cars expensive and therefore favours higher ticket models, That still doesn't explain why a few privileged brands are taking so many sales.
Whatever the reasons, registrations for December were -26% and +2% for 12 months. The '+/-' column below is comparing market share variance for 2021 with 2020. So which brands were able to improve their share?
Toyota/Lexus, BMW, Hyundai and Nissan have all gone well but Honda and Kia are both somewhat off last year. To think less than two years ago it was number one. Mercedes and BMW did OK but not Audi and VW so well. Tesla has come from nowhere but that is typical of the way it operates, that is to send cars in huge batches. Peugeot and Citroën were sound but Renault slumped.
Data source: LTA Singapore.
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