Registrations for December were -17% and for 2022 were -32%. Figures are distorted by supply issues but in Singapore's case also how many new car certificates (COEs) are issued. The '+/- diff' column below is for market share change.
Toyota combined with Lexus is the leading combo ahead of Mercedes-Benz. Amazingly Porsche is outselling VW by nearly two to one. Nothing highlights the artificial nature of the car market in Singapore more than that. BYD and SsangYong are both having a good run.
So sales were well down but higher priced cars did better, as demand for COEs goes up, so do their price and wealthier buyers prevail. Bentley, Ferrari and Rolls Royce all grew in market share substantially. With cars like Ferraris, I presume they are taken to Malaysia to stretch their legs as I can't see a tiny island state like Singapore meeting a driver's desire for exhilarating motoring.
PS. I have since found out Mclaren Singapore organized a trip to the Desaru Coast, Malaysia. Picture below.
Data source: LTA.
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