Singapore August 2024: BYD up 284.7%, Xpeng in Top 20
Xpeng already breaks into the Singaporean Top 20 for its 2nd month in market.
The Singaporean new car market surges 55.4% year-on-year in August to 3,949 sales, leading to a year-to-date tally up 45.7% to 26,442. Toyota (-3.1%) massively underperforms but stays in the brands lead with 14.3% share. BYD (+284.7%) continues to impress at #2 and 12.8% share, with Tesla (+129.9%), Honda (+107.8%) and Hyundai (+83.3%) also beating the market. Nissan (+57.7%) also fares well at #8 but BMW (+51.2%) and Mercedes (+27.4%) grow slower than the market. They are fighting for the third place overall both this month (4 units difference) and year-to-date (10 units difference). Notice also MG (+472.7%), Subaru (+430%) and Audi (+100%) as well as newcomer GAC at #13. For its 2nd month in market, Xpeng is up 21 spots to #18.
Previous month: Singapore July 2024: Subaru, BYD, Tesla stand out in market surging 64.4%
One year ago: Singapore August 2023: BYD, Nissan, Kia post satisfying gains
Full August 2024 Top 43 All brands ranking below.
Singapore August 2024 – brands:
| Pos | Brand | Aug-24 | % | /23 | Jul | 2024 | % | /23 | Pos | FY23 |
| 1 | Toyota (incl Lexus) | 566 | 14.3% | – 3.1% | 1 | 4,383 | 16.6% | + 8.7% | 1 | 1 |
| 2 | BYD | 504 | 12.8% | + 284.7% | 2 | 3,609 | 13.6% | + 496.5% | 2 | 5 |
| 3 | Mercedes | 447 | 11.3% | + 27.4% | 4 | 3,374 | 12.8% | + 18.5% | 4 | 2 |
| 4 | BMW | 443 | 11.2% | + 51.2% | 5 | 3,384 | 12.8% | + 47.3% | 3 | 3 |
| 5 | Honda | 426 | 10.8% | + 107.8% | 3 | 2,430 | 9.2% | + 51.7% | 5 | 4 |
| 6 | Tesla | 308 | 7.8% | + 129.9% | 7 | 1,451 | 5.5% | + 148.0% | 6 | 10 |
| 7 | Hyundai | 231 | 5.8% | + 83.3% | 6 | 1,383 | 5.2% | + 137.6% | 7 | 8 |
| 8 | Nissan | 194 | 4.9% | + 57.7% | 9 | 1,058 | 4.0% | + 31.1% | 8 | 6 |
| 9 | Mazda | 107 | 2.7% | + 5.9% | 8 | 811 | 3.1% | + 20.9% | 9 | 7 |
| 10 | Kia | 86 | 2.2% | – 18.1% | 11 | 801 | 3.0% | + 32.2% | 10 | 9 |
| 11 | Volkswagen | 67 | 1.7% | + 24.1% | 12 | 353 | 1.3% | + 21.7% | 14 | 13 |
| 12 | MG | 63 | 1.6% | + 472.7% | 16 | 432 | 1.6% | + 151.2% | 11 | 18 |
| 13 | GAC | 63 | 1.6% | new | 13 | 181 | 0.7% | new | 18 | – |
| 14 | Porsche | 59 | 1.5% | + 37.2% | 18 | 319 | 1.2% | – 18.6% | 15 | 12 |
| 15 | Subaru | 53 | 1.3% | + 430.0% | 10 | 277 | 1.0% | + 130.8% | 16 | 23 |
| 16 | Audi | 50 | 1.3% | + 100.0% | 15 | 429 | 1.6% | + 9.2% | 12 | 11 |
| 17 | Volvo | 48 | 1.2% | + 9.1% | 14 | 376 | 1.4% | + 36.7% | 13 | 15 |
| 18 | Xpeng | 43 | 1.1% | new | 39 | 45 | 0.2% | new | 28 | – |
| 19 | Peugeot | 29 | 0.7% | + 11.5% | 19 | 150 | 0.6% | – 26.8% | 20 | 16 |
| 20 | Mini | 24 | 0.6% | + 4.3% | 23 | 100 | 0.4% | – 5.7% | 23 | 21 |
| 21 | Skoda | 23 | 0.6% | + 9.5% | 21 | 187 | 0.7% | + 28.1% | 17 | 19 |
| 22 | Land Rover | 20 | 0.5% | + 150.0% | 20 | 128 | 0.5% | + 3.2% | 21 | 22 |
| 23 | Zeekr | 19 | 0.5% | new | 40 | 21 | 0.1% | new | 33 | – |
| 24 | Great Wall | 14 | 0.4% | + 600.0% | 22 | 121 | 0.5% | + 5950.0% | 22 | 32 |
| 25 | Suzuki | 12 | 0.3% | – 72.1% | 17 | 160 | 0.6% | – 36.3% | 19 | 14 |
| 26 | Chery | 9 | 0.2% | new | 24 | 40 | 0.2% | new | 29 | – |
| 27 | Maserati | 8 | 0.2% | – 33.3% | 25 | 64 | 0.2% | + 39.1% | 24 | 28 |
| 28 | Polestar | 4 | 0.1% | – 33.3% | 27 | 53 | 0.2% | – 32.9% | 26 | 24 |
| 29 | Maxus | 4 | 0.1% | n/a | 30 | 46 | 0.2% | + 4500.0% | 27 | 41 |
| 30 | Lotus | 4 | 0.1% | + 100.0% | 32 | 19 | 0.1% | + 58.3% | 35 | 37 |
| 31 | Opel | 3 | 0.1% | – 66.7% | 31 | 33 | 0.1% | – 80.2% | 30 | 20 |
| 32 | Ferrari | 3 | 0.1% | – 57.1% | 28 | 23 | 0.1% | – 72.0% | 31 | 25 |
| 33 | Bentley | 3 | 0.1% | + 50.0% | 35 | 18 | 0.1% | – 67.3% | 36 | 31 |
| 34 | Citroen | 2 | 0.1% | – 88.2% | 33 | 60 | 0.2% | – 71.7% | 25 | 17 |
| 35 | Smart | 2 | 0.1% | n/a | 26 | 14 | 0.1% | + 1300.0% | 39 | 56 |
| 36 | Jaguar | 1 | 0.0% | – 75.0% | 41 | 21 | 0.1% | + 10.5% | 32 | 33 |
| 37 | Rolls Royce | 1 | 0.0% | – 75.0% | 34 | 20 | 0.1% | – 78.0% | 34 | 26 |
| 38 | Alfa Romeo | 1 | 0.0% | – 50.0% | 36 | 15 | 0.1% | + 200.0% | 37 | 39 |
| 39 | Jeep | 1 | 0.0% | n/a | 37 | 15 | 0.1% | + 25.0% | 38 | 36 |
| 40 | Lamborghini | 1 | 0.0% | n/a | 29 | 13 | 0.0% | + 62.5% | 40 | 40 |
| 41 | McLaren | 1 | 0.0% | n/a | – | 8 | 0.0% | – 46.7% | 41 | 38 |
| 42 | Seres | 1 | 0.0% | new | – | 1 | 0.0% | new | 49 | – |
| 43 | Morgan | 1 | 0.0% | n/a | – | 1 | 0.0% | + 0.0% | 51 | 53 |
Source: LTA
