Singapore October. Sales down 11%

Singapore Car market Aston_Martin-Vanquish_Zagato_Speedster-2017

Singapore Car market fell again in October, down 11%, reducing at a marginal 1% the annual gain. Honda was the best-selling brand with over 20% of market share, ahead of Toyota.

Singapore’s momentum in economic growth appears to have carried over into the last quarter of the year, according to recent data. The manufacturing PMI recorded a new multi-year high in October, on the back of growing new orders and production. The services sector is also showing signs of further strengthening: According to the latest survey on business expectations, a greater number of firms expect better business conditions in the six months up to March 2018. Singapore’s economy shifted into a higher gear in the third quarter, as the upturn in the global electronics cycle boosted manufacturing output and stronger external demand led to a slight acceleration in services sector growth.

The domestic vehicles market arrived at this year from the outstanding 2016 performance, when the sales hit the highest level since 2005. Nevertheless expectations for this year were positive again and a consolidation of volumes at high level was foreseen by main observers, also considering the government strategy on CEE release keeps to be surprisingly open.

Indeed, according to data released by the Singapore Bureau of Statistics, the vehicles market (including HCVs, Bus and Taxi) started the year in a positive note, with Q1 up 8.5%, before to decelerate in the second ending the first half with 55.878 sales, up 2.2%, while the car passenger’s segment figures at 45.836 units was up 16.8%. In the Q3, the sales declined sharply, before to score decline in October as well, with 7.510 sales (-11.0%) and with year to date figures at 89.329, up 1.7%.

At brand-wise (just car passenger’s), Honda was again on top of the list with 13.530 sales (+18.1%) followed by Toyota with 12.329 (-5.5%), Mazda with 7.333 (+26.3%), Mercedes with 6.355 units (+15.0%), Nissan with 4.384 (-25.8%) and BMW with 4.287 (+9.4%).

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank 2017 Rank Oct Brand Sales 2017 Sales Oct Variation 2017 Variation Oct Share 2017 Share Oct
1 2 Honda 13.530 851 18,1% -58,1% 18,2% 11,9%
2 1 Toyota 12.329 1.400 -5,5% 1,7% 16,6% 19,6%
3 4 Mazda 7.333 628 26,3% 29,8% 9,9% 8,8%
4 3 Mercedes 6.355 635 15,0% 2,6% 8,6% 8,9%
5 5 Nissan 4.384 588 -25,8% -11,2% 5,9% 8,2%
6 8 BMW 4.287 422 9,4% 8,8% 5,8% 5,9%
7 10 Mitsubishi 3.219 248 -0,3% -36,9% 4,3% 3,5%
8 7 Kia 2.967 434 46,0% 79,3% 4,0% 6,1%
9 12 Lexus 2.776 182 -15,2% -64,7% 3,7% 2,5%
10 6 Hyundai 2.701 456 19,5% 250,8% 3,6% 6,4%
11 9 Subaru 2.639 253 3,0% 6,3% 3,6% 3,5%
12 11 Audi 2.154 216 13,1% 6,4% 2,9% 3,0%
13 13 Volkswagen 1.983 157 -13,4% -14,7% 2,7% 2,2%
14 15 Volvo 1.105 103 -10,7% -12,0% 1,5% 1,4%
15 14 Opel 694 110 372,1% 323,1% 0,9% 1,5%
16 17 Citroen 646 50 45,2% 8,7% 0,9% 0,7%
17 19 Renault 630 42 63,6% 44,8% 0,8% 0,6%
18 23 Porsche 475 29 8,4% -17,1% 0,6% 0,4%
19 Chevrolet 468 -8,6% -100,0% 0,6% 0,0%
20 16 Peugeot 453 66 -11,0% 26,9% 0,6% 0,9%
21 22 Jaguar 451 30 2,5% -23,1% 0,6% 0,4%
22 21 Suzuki 418 32 3,5% 14,3% 0,6% 0,4%
23 18 Land Rover 415 44 33,0% 12,8% 0,6% 0,6%
24 17 Mini 360 50 12,9% 72,4% 0,5% 0,7%
25 20 Ford 315 36 14,5% 56,5% 0,4% 0,5%
26 24 Infiniti 256 24 -4,1% -22,6% 0,3% 0,3%
27 28 SsangYong 228 6 0,0% -78,6% 0,3% 0,1%
28 25 Seat 138 11
29 25 Maserati 101 11
30 26 Perodua 97 9
31 27 Bentley 59 7
32 29 Jeep 44 3
33 30 Ferrari 34 2
34 31 Aston Martin 26 1
35 29 Rolls-Royce 19 3
36 30 Alpina 18 2
37 Chery 15
38 30 Alfa Romeo 12 2
39 31 Lamborghini 10 1
40 BYD 8
41 29 Skoda 5 3
41 29 McLaren 5 3
42 31 Triumph 3 1
43 Datsun 1
43 MG 1
43 31 Fiat 1 1
43 31 Austin 1 1
43 Lotus 1

Rank 2017 Rank Oct Group Sales 2017 Sales Oct Variation 2017 Variation Oct Share 2017 Share Oct
1 1 Toyota M.C. 15.105 1.582 -7,5% -16,4% 20,4% 22,1%
2 4 Honda M.C. 13.530 851 18,1% -58,1% 18,2% 11,9%
3 2 Renault Nissan Alliance 8.490 902 -13,3% -19,1% 11,4% 12,6%
4 6 Mazda 7.333 628 26,3% 29,8% 9,9% 8,8%
5 5 Mercedes Benz 6.355 635 15,0% 2,6% 8,6% 8,9%
6 3 Hyundai-Kia 5.668 890 32,0% 139,2% 7,6% 12,4%
7 8 Volkswagen Group 4.824 424 2,9% -0,9% 6,5% 5,9%
8 7 BMW 4.684 477 9,9% 14,4% 6,3% 6,7%
9 9 Fuji Heavy Industries 2.639 253 3,0% 6,3% 3,6% 3,5%
10 10 P.S.A. 1.793 226 62,9% 82,3% 2,4% 3,2%

 

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