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Singapore Full Year 2020: Toyota and Mercedes pass Honda in market off -38.5%

Toyota is the best-selling carmaker in Singapore in 2020.

Discover 15 years of Singapore Historical Data here.

The Singaporean new car market is down a tough -38.5% year-on-year in 2020 to 44.465 units, marking a third consecutive year of double-digit decline. We have a change of guard atop the brands ranking: Toyota (-40.4%) becomes the most popular carmaker even though its market share tilts down to 17.3% from 17.9% in 2019. Mercedes (-16.3%) is also up one spot on 2019 to land in 2nd place with a much improved 14.8% share vs. 10.8% a year ago. Leader in 2019, Honda (-58.6%) implodes and drops from 21.2% share to just 14.3% this year. BMW (-18.6%) and Mazda (-22.1%) also outpace the market and round out the Top 5. Audi (-10.4%), Volkswagen (-22.7%) and Nissan (-34.4%) also gain share in the remainder of the Top 10 but Hyundai (-60.4%) and Kia (-53.5%) struggle. Year-on-year gains are rare and include MG (+11400%), Ssangyong (+393.6%), Peugeot (+112.9%), Tesla (+42.9%), Aston Martin (+33.3%), Rolls Royce (+31.7%), Land Rover (+13%), Bentley (+10.1%) and Ferrari (+2.3%).

Previous year: Singapore Full Year 2019: Honda, Mercedes defy market down -10.8%

Two years ago: Singapore Full Year 2018: Honda back to #1, Hyundai shines in market down 11.9%

Full Year 2020 Top 57 All-brands ranking vs. Full Year 2019 figures below.

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