With registrations down 14% at the three quarter mark, things were looking grim for the market here. With a new purchase licensing system keeping sales very low and favouring more expensive cars, it does create a distorted market. With the volume of cars so low, there weren't enough certificates available to lift registration.
Whatever happened late in the year certainly helped though. Sales were up 10% in November and 98% in December or double last year in the latter instance. It still made it the lowest total since 2014 but it could have been much worse.
Toyota/Lexus are combined but I'm curious what the sales ratio between them would be. If shown separately, would Toyota be at the top? Probably this year but not everyone. Mercedes is popular and was at the top of the ranking briefly in 2013. BMW was for the two years before that.
The certificate system (COE) favours premium car purchases. The COEs also limit sales so the roads aren't clogged with cars. Premium car owners can then waft along the streets without being caught in excess traffic. Interesting concept.
The 'Diff' column shows market share change. Data source: LTA.
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