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Singapore Full Year 2022: Market sinks -31.9%, Toyota and Mercedes on top again

Mercedes ranks #2 with an improved 17% share in 2022.

Discover over 15 years of Singapore Historical Data here.

New car sales in Singapore sink -31.9% year-on-year in 2022 to just 30,939 units, the lowest annual volume since 2014. Toyota (-33.5%) roughly follows the market to remain in the brands lead with 20.7% share vs. 21.2% last year. The Top 6 brands are unchanged on 2021, with Mercedes (-18.1%) and BMW (-29.2%) both resisting better than the market at 17% and 12% share respectively. In tow, we have Honda (-32%), Hyundai (-41.5%) and Mazda (-52.4%) all in difficulty. Tesla (-5.3%) posts by far the best hold in the Top 10 and climbs three spots to #7. Audi (-56.7%), Nissan (-52.5%) and Kia (-41.5%) all see their share recede in the remainder of the Top 10. Below and in order of sales, Porsche (+23.2%), BYD (+783.1%), Citroen (+45.8%) and Ssangyong (+128.9%) score stellar results.

Previous year: Singapore 2021: Toyota remains best-seller in market up 10.1%

Two years ago: Singapore 2020: Toyota and Mercedes pass Honda in market off -38.5%

Full Year 2022 Top 60 all models vs. Full Year 2021 figures below.

Full December 2022 Top 40 all models ranking below.

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