Singapore March 2020: Ssangyong, Audi, Volkswagen resist in market down -30.9%
Ssangyong sales in Singapore are up 19-fold year-on-year in March.
As of March 31, no COVID-19 triggered lockdown had been implemented in Singapore, with Prime Minister Lee Hsien Loong declaring on March 12 that Singapore will not isolate from the rest of the world, instead taking temporary control measures. By then the number of confirmed cases in the country was 926, but they started increasing incrementally in early April, reaching 2.532 by April 12. As a result Singapore announced a stringent set of preventive measures which were collectively called ‘circuit breaker’ on April 3, they would be applied from April 7 to May 4. New car sales in Singapore are already affected in March at -30.9% year-on-year to 5.001 but will be even more so in April. The Q1 2020 volume stands at 14.699 units, down -28.3% on the same period in 2019.
Honda (-42.7%) reclaims the brands top spot off Toyota (-28.7%) for the first time since last September, however it’s Toyota (-26.4%) that remains in the YTD lead above Honda (-43.2%). Mercedes (-2.8%) and Mazda (-6.5%) hold onto their February ranking at #3 and #4 respectively, while Audi (+4.5%) delivers the only year-on-year gain in the Top 10. In contrast Hyundai (-58.7%), Nissan (-54.3%), Mitsubishi (-54.1%) and Kia (-46.7%) all fall even faster than the market in the remainder of the Top 10. Further down, Ssangyong (+1800%), Peugeot (+700%), Jeep (+500%), Seat (+68.2%), Suzuki (+64.3%), Rolls Royce (+50%), Land Rover (+30%), Bentley (+25%), Maserati (+16.7%) and Volkswagen (+6.8%) stand out.
Previous month: Singapore February 2020: Mazda (+48.7%), Mercedes (+26.7%) defy market down -6.8%
One year ago: Singapore March 2019: Honda (+54.7%) back in charge in market up 3.4%
Full March 2020 Top 50 All-brands ranking below.