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Singapore May 2023: Market sinks -24.8%

Nissan sales are up 9.5% in a market down -24.8%

The Singaporean new car market continues to perform poorly in May, down another -24.8% year-on-year in May to 2,214 units. As a reminder, May 2022 was already down -21.7% on the year prior. The year-to-date tally is down a harsh -18.2% to 10,892. Toyota (-16.2%) beats the market to 24% share vs. 21.3% so far this year but Mercedes (-36.4%) sinks in 2nd place. BMW (-16.1%) remains third ahead of Honda (-37%) and Nissan (+9.5%) posting the only year-on-year gain in the Top 6. Below Mazda (-25.2%) in a rut, Tesla (+900%) shoots up to #7 and 4.1% share vs. 2.6% year-to-date. Below, Suzuki (+325%) and Citroen (+57.9%) score the only additional upticks in the Top 15.

Previous month: Singapore April 2023: BYD, BMW highlight poor market (-12.6%)

One year ago: Singapore May 2022: MG, BYD shoot up, sales down -21.7%

Full May 2023 Top 40 All models ranking below.

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