Singapore March 2016: Honda overtakes Toyota

The HR-V helps Honda to pole position in Singapore this month.

* See the Top 40 All-brands by clicking on the title *

Lower prices for Certificates of Entitlement (the right to register a car) continue to fuel the Singaporean market, up another 81% year-on-year in March to 7.106 registrations, lifting the year-to-date total up 92% to 19.912 units. It had been brewing for almost a year now, and it’s now a reality: Honda overtakes mighty Toyota to become the most popular carmaker in the country thanks to sales up 4-fold on March 2015 to 1.583 and 22.3% share vs. 1.527 and 21.5% (+58%) for Toyota. Honda’s victory is even more impressive when taking into account the fact that Toyota sales also include Lexus. Singapore is the only country in the world where Honda ranks #1. BMW (+127%), Subaru (+193%) and Hyundai (+112%) also outpace the market.

Previous month: Singapore February 2016: Toyota leads market up 98%

One year ago: Singapore March 2015: Toyota, Mazda and Honda post explosive gains in market up 97%

Full March 2016 Top 40 All-brands Ranking Table below.