Singapore April 2023: BYD (+83.3%), BMW (+39.7%) highlight poor market (-12.6%)

BYD holds 5.5% of the Singaporean market in April.

New car sales in Singapore continue to perform poorly at -12.6% year-on-year in April to 2,185 units and down -16.2% year-to-date to 8,678. For context, April 2022 was already down -38.2% on the year prior and -41.1% year-to-date. Toyota (-12.7%) follows the market to hold onto the brands lead with 20.7% share, followed by Mercedes (-19.6%) in a more precarious position. BMW (+39.7%) completely ignores the depleted market to climb to 15.3% share vs. 13% so far this year. In fact, below an imploding Honda (-39.2%), the next three brands are up: BYD (+83.3%) soars to 4th place with 5.5% share vs. 2.8% year-to-date, Kia (+18.3%) is up to #6 and Nissan (+4.3%) edges up at #7. Audi is stable at #8 while Mazda (-49.6%) and Porsche (-40.2%) both struggle to round out the Top 10.

Previous month: Singapore March 2023: Nissan, Mazda, BMW ignore declining market (-5.9%)

One year ago: Singapore April 2022: Toyota and Mercedes top market freefalling -38.2%

Full April 2023 Top 40 All brands ranking below.