Singapore auto sales doubled in the first half 2015.

Singapore auto sales BMW-435i_ZHP_Coupe_2016

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.

Economic Outlook

Singapore’s economy fell at a seasonally adjusted annualized rate (SAAR) of 4.6% in the second quarter of 2015, which significantly contrasted Q1’s 4.2% expansion. Q2’s lackluster performance resulted from poor performance in every sector of the economy, with the manufacturing sector recording the sharpest fall.

The small open economy has been predictably suffering from soft global trade. Despite Q2’s poor result, more high-frequency indicators showed signs of improvement throughout the quarter.

Indeed, in June, the manufacturing PMI increased and remained in expansionary territory for the second consecutive month, while exports grew at the fastest rate in three months.

Market Outlook

Following the decision of local authorities to release a growing numbers of certifications for new vehicles registrations, the market is reporting a progressive growth started in the 2014.

During the first quarter of the current year sales had boomed 74.4%.

In the second quarter, according to data released by Singapore Bureau of Statistics, the sales speed further improved with April up 116.5%, May up 113.5% and June +190%, with 6.997 registrations, the best single month performance in five years.

In the first half 2015 total sales roared at 25.806, +110.0%.

Rank Jun Rank H1 Brand Jun 2015 H1 2015 Var Jun Var H1 Share Jun Share H1
1 1 Toyota 1.520 4.485 416,7% 154,1% 21,7% 17,4%
2 3 Honda 916 2.795 940,9% 784,5% 13,1% 10,8%
3 5 Nissan 741 2.270 488,1% 215,3% 10,6% 8,8%
4 2 Mercedes 667 3.137 69,3% 38,6% 9,5% 12,2%
5 4 Mazda 609 2.287 232,8% 286,3% 8,7% 8,9%
6 6 BMW 447 1.737 64,3% 3,4% 6,4% 6,7%
7 7 Volkswagen 317 1.593 28,3% 35,1% 4,5% 6,2%
8 9 Lexus 215 814 35,7% -14,3% 3,1% 3,2%
9 11 Volvo 206 680 274,5% 93,7% 2,9% 2,6%
10 10 Kia 196 719 226,7% 223,9% 2,8% 2,8%
11 8 Audi 171 983 3,0% 31,6% 2,4% 3,8%
12 14 Subaru 134 618 173,5% 175,9% 1,9% 2,4%
13 13 Mitsubishi 133 638 1,9% 2,5%
14 12 Hyundai 125 676 76,1% 77,9% 1,8% 2,6%
15 15 Porsche 75 378 294,7% 217,6% 1,1% 1,5%
16 16 Citroen 74 270 572,7% 440,0% 1,1% 1,0%
17 21 Ford 55 159 17,0% 10,4% 0,8% 0,6%
17 20 Land Rover 55 171 223,5% 1,2% 0,8% 0,7%
18 17 Peugeot 54 243 390,9% 173,0% 0,8% 0,9%
19 18 Jaguar 46 227 70,4% 22,0% 0,7% 0,9%
20 19 Chevrolet 45 178 114,3% 40,2% 0,6% 0,7%
21 22 Renault 41 150 215,4% 248,8% 0,6% 0,6%
22 22 Mini 29 150 107,1% 74,4% 0,4% 0,6%
23 23 Suzuki 28 108 2700,0% 440,0% 0,4% 0,4%
24 24 Infiniti 20 84 1900,0% 460,0% 0,3% 0,3%
25 26 Maserati 16 45 128,6% 36,4% 0,2% 0,2%
26 25 Bentley 15 47 400,0% 34,3% 0,2% 0,2%
27 27 Opel 13 30 30,0% -41,2% 0,2% 0,1%
28 29 Jeep 8 25 166,7% 257,1% 0,1% 0,1%
29 32 SsangYong 7 11 600,0% 83,3% 0,1% 0,0%
30 28 Ferrari 6 29 500,0% 107,1% 0,1% 0,1%
31 30 Alfa Romeo 4 14 -63,6% -46,2% 0,1% 0,1%
32 34 Chrysler 3 4 50,0% -42,9% 0,0% 0,0%
33 35 McLaren 2 3 100,0% -25,0% 0,0% 0,0%
33 31 Lamborghini 2 12 #DIV/0! 500,0% 0,0% 0,0%
34 35 Alpina 1 3 0,0% -25,0% 0,0% 0,0%
34 35 Aston Martin 1 3 #DIV/0! 200,0% 0,0% 0,0%

Rank Jun Rank H1 Group Jun 2015 H1 2015 Var Jun Var H1 Share Jun Share H1
1 1 Toyota 1.735 5.301 283,4% 94,9% 24,8% 20,6%
2 4 Honda 916 2.795 940,9% 784,5% 13,1% 10,8%
3 5 Renault-Nissan 802 2.504 472,9% 221,9% 11,5% 9,7%
4 2 Mercedes Daimler 667 3.137 69,3% 38,6% 9,5% 12,2%
5 6 Mazda 609 2.287 232,8% 286,3% 8,7% 8,9%
6 3 Volkswagen 580 3.013 33,3% 44,7% 8,3% 11,7%
7 7 BMW 477 1.897 65,6% 6,5% 6,8% 7,4%
8 8 Hyundai-Kia 321 1.395 145,0% 131,7% 4,6% 5,4%
9 9 Geely Group 206 680 274,5% 93,7% 2,9% 2,6%
10 11 Fuji Heavy Industries 134 618 173,5% 175,9% 1,9% 2,4%

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