* See the Top 37 All-brands ranking by clicking on the title! Thanks Michael *
New car sales in Singapore are back down a harsh 15% year-on-year to 2,197 registrations, bringing the year-to-date total to 11,689 units, down a steep 20% on 2012. While last month we thought the market’s decline was coming to an end (-5%), another hike in the price of certificate of entitlement (the equivalent to buying your licence plate) for cars below 1,600cc to US$57,900 (yes you read that well) has brought the market down once again. As a reminder, in Singapore certificates of entitlement costs as much as the car itself, which has skewed the market towards luxury brands, the only ones worth buying anymore.
To illustrate this trend, for the third time in the last 4 months BMW takes the lead of the Singaporean sales charts thanks to 443 sales and 20.2%, its strongest market share so far in 2013, adding up to 1,952 units and 16.7% year-to-date. This is still not enough to catch up with Mercedes though at 2,077 sales and 17.8%. Toyota lodges a very strong month at #3 and 15,9% vs. #4 and 12.1% year-to-date, kicking Volkswagen down to 4th place. Nissan is in great shape at #6 and 4.6%, as is Mazda at #7 and 2.9% and Subaru at #12 and 1.6% vs. #21 and 0.7% year-to-date.
Previous post: Singapore May 2013: BMW leads, Bentley in Top 10
Full June 2013 Top 37 All-brands Ranking Table below.