Singapore October. Car market down 5.5%
Lexus-ES-2019
Singapore Car market fell down by 5.5% in October with a negative full year projection at 83.055 sales. The year to date figures are at 66.736 sales (-10%). Honda and Toyota are leading the market at brand level.
Economic Environment
Singapore’s economic growth has decelerated in the second half of the year. The manufacturing PMI declined to an over one-year low in October, indicating that trade protectionism and slower growth in China is dragging on demand. The electronics PMI also fell, which coupled with the tenth consecutive decline in electronics exports in September highlights the electronics sector’s feeble performance in 2018. On a more positive note, pharmaceutical exports buttressed the non-oil export headline trade print in September.
Although momentum is expected to wane in 2019 as the contribution from the manufacturing sector weakens, growth should stay robust thanks to strong domestic demand.
Market Trend
Singapore vehicles market hit a negative peak in the 2013 and then started a fast growth, supported by the decision taken by the government to release more CEE (certification for vehicles purchase) with total vehicles sales volume grew impressively from 37.511 (2013) to a new record in the 2017, when – according to data released by the Singapore Bureau of Statistics – sales hit the 109.888 units, down 0.8% from the previous year.
In the 2018 the car passenger’s market is losing terrain. Indeed, having ended the Q1 with 17.795 sales (-20.5%) and the Q2 with 24.860 (+5.9%), in July sales were 5.274 (-30.3%), in August 5.942 (-22.9%) and in September 6.011 (+1.7%).
The Q4 started with 6.759 sales (-5.5%) in October. The year to date figures are at 66.736 (-10%) and the full year projection is at 83.055 (-8.6%).
| Market | Sales October | ‘+/- Oct | Sales YTD 2018 | +/- YTD 2018 | Sales 2018 est | +/- 2018 |
|---|---|---|---|---|---|---|
| Car | 6.759 | -5,5% | 66.736 | -10,0% | 83.055 | -8,6% |
At brand-wise, the year to date leader is Honda with 13.090 sales (-3.3%) followed by Toyota with 10.166 (-17.5%).
| Rank 2018 | Rank 2017 | Brand | Sales October | ‘+/- Oct | Sales YTD 2018 | +/- YTD 2018 | Sales 2018 est | +/- 2018 |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Honda | 1.151 | 35,3% | 13.090 | -3,3% | 15.623 | -2,5% |
| 2 | 2 | Toyota | 1.130 | -19,3% | 10.166 | -17,5% | 13.948 | -15,0% |
| 3 | 4 | Mercedes | 491 | -22,7% | 6.043 | -4,9% | 6.147 | -5,0% |
| 4 | 10 | Hyundai | 592 | 29,8% | 5.648 | 109,1% | 6.772 | 43,8% |
| 5 | 6 | BMW | 441 | 4,5% | 4.315 | 0,7% | 5.645 | 1,0% |
| 6 | 3 | Mazda | 455 | -27,5% | 4.249 | -42,1% | 5.449 | -56,2% |
| 7 | 5 | Nissan | 315 | -46,4% | 3.294 | -24,9% | 4.168 | -25,7% |
| 8 | 8 | Kia | 449 | 3,5% | 3.239 | 9,2% | 4.138 | 7,0% |
| 9 | 7 | Mitsubishi | 233 | -6,0% | 2.933 | -8,9% | 3.276 | -8,5% |
| 10 | 11 | Subaru | 233 | -7,9% | 2.502 | -5,2% | 3.202 | -3,9% |
| 11 | 12 | Audi | 292 | 35,2% | 2.469 | 14,6% | 2.928 | 11,1% |
| 12 | 13 | Volkswagen | 265 | 68,8% | 1.807 | -8,9% | 2.283 | -7,3% |
| 13 | 9 | Lexus | 156 | -14,3% | 1.364 | -50,9% | 1.690 | -83,2% |
| 14 | 14 | Volvo | 99 | -3,9% | 1.233 | 11,6% | 1.662 | 8,2% |
| 15 | 20 | Peugeot | 40 | -39,4% | 618 | 36,4% | 851 | 19,9% |
| 16 | 17 | Renault | 39 | -7,1% | 545 | -13,5% | 686 | -12,0% |
| 17 | 18 | Porsche | 29 | 0,0% | 429 | -9,7% | 635 | -6,6% |
| 18 | 24 | Mini | 62 | 24,0% | 396 | 10,0% | 505 | 7,6% |
| 19 | 21 | Jaguar | 28 | -6,7% | 362 | -19,7% | 466 | -18,7% |
| 20 | 15 | Opel | 14 | -87,3% | 285 | -58,9% | 557 | -72,4% |
| 21 | 23 | Land Rover | 18 | -59,1% | 255 | -38,6% | 371 | -42,5% |
| 22 | 16 | Citroen | 22 | -56,0% | 222 | -65,6% | 300 | -141,1% |
| 23 | 42 | Skoda | 55 | 1733,3% | 192 | 3740,0% | 192 | 96,9% |
| 24 | 26 | Infiniti | 13 | -45,8% | 186 | -27,3% | 233 | -29,7% |
| 25 | 28 | Seat | 21 | 90,9% | 146 | 5,8% | 208 | 4,4% |
| 26 | 22 | Suzuki | 27 | -15,6% | 108 | -74,2% | 193 | -160,0% |
| 27 | 25 | Ford | 4 | -88,9% | 98 | -68,9% | 143 | -151,3% |
| 28 | 29 | Maserati | 24 | 118,2% | 95 | -5,9% | 118 | -4,7% |
| 29 | 39 | Bluecar | 18 | 90 | 718,2% | 90 | 100,0% | |
| 30 | 38 | Alfa Romeo | 3 | 50,0% | 45 | 275,0% | 45 | 73,3% |
| 31 | 27 | SsangYong | – | -100,0% | 35 | -84,6% | 198 | -95,8% |
| 32 | 41 | BYD | – | 32 | 300,0% | 32 | 100,0% | |
| 33 | 33 | Ferrari | 5 | 150,0% | 29 | -14,7% | 34 | -14,4% |
| 33 | 32 | Jeep | 3 | 0,0% | 29 | -34,1% | 37 | -39,9% |
| 34 | 40 | Lamborghini | 6 | 500,0% | 27 | 170,0% | 27 | 59,3% |
| 35 | 31 | Bentley | – | -100,0% | 26 | -55,9% | 37 | -88,1% |
| 36 | 35 | Rolls-Royce | 2 | -33,3% | 23 | 21,1% | 29 | 14,1% |
| 36 | 34 | Aston Martin | 5 | 400,0% | 23 | -11,5% | 26 | -11,3% |
| 37 | 30 | Perodua | 5 | -44,4% | 19 | -80,4% | 48 | -162,8% |
| 37 | 42 | McLaren | 1 | -66,7% | 19 | 280,0% | 19 | 47,4% |
| 38 | 45 | Maxus | 3 | 11 | ||||
| 39 | 36 | Alpina | – | -100,0% | 8 | -55,6% | 13 | -75,6% |
| 40 | 44 | Datsun | – | 5 | 400,0% | 5 | 80,0% | |
| 40 | 45 | Daihatsu | – | 5 | 5 | 100,0% | ||
| 41 | 45 | Chrysler | – | 2 | 2 | 100,0% | ||
| 41 | 45 | Tesla | 1 | 2 | 2 | 100,0% | ||
| 41 | 43 | Triumph | – | -100,0% | 2 | -33,3% | 2 | -50,0% |
| 42 | 44 | Lotus | – | 1 | 0,0% | 1 | 0,0% | |
| 42 | 19 | Chevrolet | – | 1 | -99,8% | 1 | ||
| 42 | 44 | MG | 1 | 1 | 0,0% | 1 | 0,0% |
(1350)
Bulgaria Automotive Report 2010-2025
