Singapore auto sales doubled in the first half 2015.

Singapore auto sales

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 JunRank H1BrandJun 2015H1 2015Var JunVar H1Share JunShare H1
11Toyota1.5204.485416,7%154,1%21,7%17,4%
23Honda9162.795940,9%784,5%13,1%10,8%
35Nissan7412.270488,1%215,3%10,6%8,8%
42Mercedes6673.13769,3%38,6%9,5%12,2%
54Mazda6092.287232,8%286,3%8,7%8,9%
66BMW4471.73764,3%3,4%6,4%6,7%
77Volkswagen3171.59328,3%35,1%4,5%6,2%
89Lexus21581435,7%-14,3%3,1%3,2%
911Volvo206680274,5%93,7%2,9%2,6%
1010Kia196719226,7%223,9%2,8%2,8%
118Audi1719833,0%31,6%2,4%3,8%
1214Subaru134618173,5%175,9%1,9%2,4%
1313Mitsubishi1336381,9%2,5%
1412Hyundai12567676,1%77,9%1,8%2,6%
1515Porsche75378294,7%217,6%1,1%1,5%
1616Citroen74270572,7%440,0%1,1%1,0%
1721Ford5515917,0%10,4%0,8%0,6%
1720Land Rover55171223,5%1,2%0,8%0,7%
1817Peugeot54243390,9%173,0%0,8%0,9%
1918Jaguar4622770,4%22,0%0,7%0,9%
2019Chevrolet45178114,3%40,2%0,6%0,7%
2122Renault41150215,4%248,8%0,6%0,6%
2222Mini29150107,1%74,4%0,4%0,6%
2323Suzuki281082700,0%440,0%0,4%0,4%
2424Infiniti20841900,0%460,0%0,3%0,3%
2526Maserati1645128,6%36,4%0,2%0,2%
2625Bentley1547400,0%34,3%0,2%0,2%
2727Opel133030,0%-41,2%0,2%0,1%
2829Jeep825166,7%257,1%0,1%0,1%
2932SsangYong711600,0%83,3%0,1%0,0%
3028Ferrari629500,0%107,1%0,1%0,1%
3130Alfa Romeo414-63,6%-46,2%0,1%0,1%
3234Chrysler3450,0%-42,9%0,0%0,0%
3335McLaren23100,0%-25,0%0,0%0,0%
3331Lamborghini212#DIV/0!500,0%0,0%0,0%
3435Alpina130,0%-25,0%0,0%0,0%
3435Aston Martin13#DIV/0!200,0%0,0%0,0%
Rank JunRank H1GroupJun 2015H1 2015Var JunVar H1Share JunShare H1
11Toyota1.7355.301283,4%94,9%24,8%20,6%
24Honda9162.795940,9%784,5%13,1%10,8%
35Renault-Nissan8022.504472,9%221,9%11,5%9,7%
42Mercedes Daimler6673.13769,3%38,6%9,5%12,2%
56Mazda6092.287232,8%286,3%8,7%8,9%
63Volkswagen5803.01333,3%44,7%8,3%11,7%
77BMW4771.89765,6%6,5%6,8%7,4%
88Hyundai-Kia3211.395145,0%131,7%4,6%5,4%
99Geely Group206680274,5%93,7%2,9%2,6%
1011Fuji Heavy Industries134618173,5%175,9%1,9%2,4%

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