Singapore new vehicles market kept momentum in Q3 2015.

Singapore new vehicles market

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 SepRank 2015BrandSales SepSales YtdVar SepVar YtdShare SepShare Ytd
11Toyota9707.509229,7%183,6%18,4%18,2%
22Honda8795.000312,7%558,8%16,7%12,1%
34Nissan5173.755137,2%204,3%9,8%9,1%
43Mercedes3684.464-20,0%30,6%7,0%10,8%
56BMW3662.661-6,6%3,2%7,0%6,5%
65Mazda3103.44239,6%197,5%5,9%8,4%
710Hyundai2701.230181,3%94,9%5,1%3,0%
87Volkswagen2382.34958,7%28,5%4,5%5,7%
98Audi2011.45768,9%30,9%3,8%3,5%
1013Subaru1801.036233,3%169,1%3,4%2,5%
119Lexus1761.32911,1%-6,8%3,3%3,2%
1214Mitsubishi1701.0283,2%2,5%
1311Kia1621.185131,4%168,7%3,1%2,9%
1412Volvo1011.072-5,6%82,6%1,9%2,6%
1515Citroen65491124,1%165,4%1,2%1,2%
1619Land Rover42300147,1%33,3%0,8%0,7%
1717Peugeot3637750,0%144,8%0,7%0,9%
1816Porsche32489-17,9%95,6%0,6%1,2%
1925Infiniti26153378,1%0,5%0,4%
2021Ford23261228,6%49,1%0,4%0,6%
2123Mini2222629,4%53,7%0,4%0,5%
2118Jaguar22321-35,3%22,5%0,4%0,8%
2224Suzuki17166-10,5%191,2%0,3%0,4%
2320Chevrolet13271-51,9%28,4%0,2%0,7%
2322Renault1322844,4%256,3%0,2%0,6%
2428Opel9560,0%-35,6%0,2%0,1%
2429SsangYong939350,0%225,0%0,2%0,1%
2526Maserati669100,0%53,3%0,1%0,2%
2627Bentley567-50,0%28,8%0,1%0,2%
2730Jeep2360,0%300,0%0,0%0,1%
2732Lamborghini216100,0%166,7%0,0%0,0%
2729Ferrari2390,0%56,0%0,0%0,1%
2834Alpina1620,0%0,0%0,0%
2835Aston Martin15150,0%0,0%0,0%
2831Alfa Romeo122-75,0%-33,3%0,0%0,1%
2834McLaren160,0%-33,3%0,0%0,0%
2837Ruf110,0%0,0%
Rank SepRank 2015GroupSales SepSales YtdVar SepVar YtdShare SepShare Ytd
11Toyota1.1468.840153,2%116,8%21,8%21,5%
22Honda8795.000312,7%558,8%16,7%12,1%
35Renault-Nissan5564.136144,9%211,0%10,6%10,0%
44Volkswagen4784.37849,8%34,7%9,1%10,6%
58Hyundai-Kia4322.415160,2%125,3%8,2%5,9%
67BMW3892.900-5,8%5,6%7,4%7,0%
73Mercedes Daimler3684.464-20,0%30,6%7,0%10,8%
86Mazda3103.44239,6%197,5%5,9%8,4%
910Fuji Heavy Industries1801.036233,3%169,1%3,4%2,5%
1011Mitsubishi1701.0283,2%2,5%

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