Registrations were up 18% for August and +26% YTD. It sounds good but it comes off a very poor 2024 so is well short of a record. As the number of cars on the road is controlled anyway, changes in volume don't tell us much.
Toyota / Lexus took the lead off Honda in 2020 and remained at the top from then through to 2024. That may not have been the case had Toyota and Lexus been combined. Regardless, T/L is down from 18.3% market share to 14.4%. That's the lowest percentage since 2011.
BYD has taken a commanding lead, selling one in five cars! I didn't expect that sort of success. Tesla is currently 6th, its highest ranking shared with 2024. It looks like it will stay there for 2025.
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 here, sharply priced electric cars being their ace card.
Data source: LTA Singapore. Picture Source: BYD Singapore.
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