Registrations were up 42% in March and 26% YTD. With the artificial way in which car sales are handled here, the ups and downs tell us little other than how many certificates were available at any given time.
We can learn more when looking at brands. Toyota / Lexus combination leads although if separated it would be Mercedes-Benz in front. BYD has come from nowhere to third, elbowing BMW out of the way in the process, despite the latter doing well.
As for changes, the Toyota / Lexus market share is the lowest since 2013, BMW the highest since that year ironically. Nissan's share is the best since 2017 but Audi is currently residing at its lowest point going back to 2008. It's also of note that for 2024, Rolls Royce registrations are down 73% on last year's complete 2023, Bentley 55% lower and Ferrari off 77%.
While all the variances above are not what one would normally see, in a market that is controlled with a limited certificate system, not all that surprising.
Data source: LTA.
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