Singapore Auto Market in Q1 2016 on the sky. Despite the country suffer for low export the sector benefit from CEE price reduction and boomed 85%. Honda posted a tremendous performance challenging the leadership.
Singapore Vehicles Market in 2015 boomed at best since 2008 thanks to lower CEE price. The car passenger's sold were near double than in the previous year albeit the market has the highest car price worldwide.
Singapore auto sales doubled in the first half 2015 thanks to the release of high level of CEE. In June market grew at 6.997 units, the highest single month performance in five years. Toyota led the rank.
Singapore Car Market Insights 2015 report includes all data, insights and statistics updated at full year 2014. Over 60 pages you must read wishing to really catch the Singapore new vehicle market momentum.
November 2014 Singapore Car Sales boomed 80 percent with Mazda landed in third place, thanks to the success of last generation Mazda3 and Mazda6. Despite scoring a growth below the average, Toyota kept the leadership.
Singapore Vehicle Market in first half 2014 rose 5 percent driven by high demand on luxury brands. However Toyota outpaced Mercedes gaining back the leadership in the market. Mazda posted a strong June surging in fifth place.
In Q1 2014 Singapore Car Market rose 10%, following the sharp decline posted last year due to limited number of plates released by the government. This year more plates are available and market will automatically grow up. Mercedes kept leadership.
December 2013 was negative again for car market in Singapore where the Government is restricting the use of cars. BMW was bestselling brand in the month but was not able to take Mercedes, third in the month, which ended the year as Market Leader.
November 2013 figures were again deeply negative for the car market in Singapore, with sales losing for the 19th month in a streak. Although the market is dominated by premium brands, Toyotasurged in first position thanks to new line up success.
Keeping the sharply negative momentum, the car market in Singapore had lost 15.6% in September 2013 compared with year ago, posting the 17th consecutive loss in a row. Volvo was the winner of the month surging in 5th place.
In August, Singapore car sales fell again 10.2% as new rules for car loans have hit consumer's demand. In addition, government has revised COE rules, effective from 2014. BMW and Mercedes continued to fight on top of the market.
Singapore's government has further squeezed the automotive sector with new additional measures which effect was the immediate market drop. In June, sales were down only 5.7%, but the first half 2013 ended down 24.7%.