Singapore August 2022: Porsche (+231.3%) stands out in imploding market (-32.3%)

The new Taycan helps Porsche up 231.3% year-on-year in August. Picture carbuyer.com.sg

The Singaporean continues to implode, down another -32.3% year-on-year in August to 2,374 registrations, keeping in mind August 2021 was already down the exact same -32.3% on the year prior. The year-to-date tally now stands at 21,470 units, down an equally daunting -34.4% on the same period in 2021. Toyota (-38.3%) remains the most popular carmaker in the country with 19.7% share vs. 21.8% so far this year. It distances BMW (-14%) up two spots on last month to #2 while both Mercedes (-2.8%) and Honda (-6.8%) vastly outpace the market below. Porsche (+231.3%) goes completely against the market with a splendid year-on-year lift. All remaining Top 10 brands fall even faster than the market, with Mazda (-68.1%), Audi (-61.1%) and Nissan (-51.3%) the hardest hit. Notice Tesla (-44.2%) up to #6 despite a ghastly year-on-year loss.

Previous month: Singapore July 2022: Toyota up to 26.1% share, Mercedes, BYD, Porsche defy market off -26.6%

One year ago: Singapore August 2021: Tesla breaks into Top 10 in market down -32.3%

Full August 2022 Top 40 all brands ranking below.