Flash Reports

Singapore new vehicles market kept momentum in Q3 2015.

Singapore new vehicles market ferrari_f-340-gullwing-america-gwa-competizione-design-2011

Singapore new vehicles market kept momentum in the Q3 2015 standing as one of the fastest growing market in the World with sales boosted 54%. Toyota celebrates on top of the market.

Economic Outlook

Singapore’s economy recorded its worst performance in almost three years in Q2, falling at a seasonally adjusted annualized rate (SAAR) of 4.0%. The disappointing outcome contrasted Q1’s 4.1% expansion and resulted from contractions in all sectors of the economy.

The industry and manufacturing sectors in particular suffered from subdued global demand, with China, one of Singapore’s key trading partners, going through a significant slowdown.

Furthermore, the latest high-frequency indicators show that the economy continued to lose steam through Q3 as exports fell sharply and the manufacturing PMI reached its lowest value since December 2012 in August.

Meanwhile, the People’s Action Party (PAP), which has governed the city-state since 1959, won with a large majority of the votes again as expected in the general election that was held on 11 September.

Market Outlook

Albeit huge cost of certification and the highest vehicle price in the World, the Singapore new cars market is the fastest growing worldwide in the 2015.

According to data released by Singapore Bureau of Statistics, following a first half with sales more than doubled compared with the correspondent period last year, a formidable domand was in place again in the third quarter.

Indeed following a little +4% scored in July, in August the market rose 157% and in September 85%. Consequentely, after the first three quarters of the year, total vehicles sold in Singapore had been 55.121, +54.5%

Please note that from now onwards, we will report Singapore data as Total vehicles (including cars, commercial vehicles and taxi) while in the table just the car passengers performance will be featured.

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 Sep Rank 2015 Brand Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Toyota 970 7.509 229,7% 183,6% 18,4% 18,2%
2 2 Honda 879 5.000 312,7% 558,8% 16,7% 12,1%
3 4 Nissan 517 3.755 137,2% 204,3% 9,8% 9,1%
4 3 Mercedes 368 4.464 -20,0% 30,6% 7,0% 10,8%
5 6 BMW 366 2.661 -6,6% 3,2% 7,0% 6,5%
6 5 Mazda 310 3.442 39,6% 197,5% 5,9% 8,4%
7 10 Hyundai 270 1.230 181,3% 94,9% 5,1% 3,0%
8 7 Volkswagen 238 2.349 58,7% 28,5% 4,5% 5,7%
9 8 Audi 201 1.457 68,9% 30,9% 3,8% 3,5%
10 13 Subaru 180 1.036 233,3% 169,1% 3,4% 2,5%
11 9 Lexus 176 1.329 11,1% -6,8% 3,3% 3,2%
12 14 Mitsubishi 170 1.028 3,2% 2,5%
13 11 Kia 162 1.185 131,4% 168,7% 3,1% 2,9%
14 12 Volvo 101 1.072 -5,6% 82,6% 1,9% 2,6%
15 15 Citroen 65 491 124,1% 165,4% 1,2% 1,2%
16 19 Land Rover 42 300 147,1% 33,3% 0,8% 0,7%
17 17 Peugeot 36 377 50,0% 144,8% 0,7% 0,9%
18 16 Porsche 32 489 -17,9% 95,6% 0,6% 1,2%
19 25 Infiniti 26 153 378,1% 0,5% 0,4%
20 21 Ford 23 261 228,6% 49,1% 0,4% 0,6%
21 23 Mini 22 226 29,4% 53,7% 0,4% 0,5%
21 18 Jaguar 22 321 -35,3% 22,5% 0,4% 0,8%
22 24 Suzuki 17 166 -10,5% 191,2% 0,3% 0,4%
23 20 Chevrolet 13 271 -51,9% 28,4% 0,2% 0,7%
23 22 Renault 13 228 44,4% 256,3% 0,2% 0,6%
24 28 Opel 9 56 0,0% -35,6% 0,2% 0,1%
24 29 SsangYong 9 39 350,0% 225,0% 0,2% 0,1%
25 26 Maserati 6 69 100,0% 53,3% 0,1% 0,2%
26 27 Bentley 5 67 -50,0% 28,8% 0,1% 0,2%
27 30 Jeep 2 36 0,0% 300,0% 0,0% 0,1%
27 32 Lamborghini 2 16 100,0% 166,7% 0,0% 0,0%
27 29 Ferrari 2 39 0,0% 56,0% 0,0% 0,1%
28 34 Alpina 1 6 20,0% 0,0% 0,0%
28 35 Aston Martin 1 5 150,0% 0,0% 0,0%
28 31 Alfa Romeo 1 22 -75,0% -33,3% 0,0% 0,1%
28 34 McLaren 1 6 0,0% -33,3% 0,0% 0,0%
28 37 Ruf 1 1 0,0% 0,0%
Rank Sep Rank 2015 Group Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Toyota 1.146 8.840 153,2% 116,8% 21,8% 21,5%
2 2 Honda 879 5.000 312,7% 558,8% 16,7% 12,1%
3 5 Renault-Nissan 556 4.136 144,9% 211,0% 10,6% 10,0%
4 4 Volkswagen 478 4.378 49,8% 34,7% 9,1% 10,6%
5 8 Hyundai-Kia 432 2.415 160,2% 125,3% 8,2% 5,9%
6 7 BMW 389 2.900 -5,8% 5,6% 7,4% 7,0%
7 3 Mercedes Daimler 368 4.464 -20,0% 30,6% 7,0% 10,8%
8 6 Mazda 310 3.442 39,6% 197,5% 5,9% 8,4%
9 10 Fuji Heavy Industries 180 1.036 233,3% 169,1% 3,4% 2,5%
10 11 Mitsubishi 170 1.028 3,2% 2,5%

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