Singapore Full Year 2024: Toyota and BYD top surging market (+42.3%)

BYD sales are up 337.2% year-on-year in 2024.

Discover over 15 years of Singapore Historical Data here.

43,022 new cars hit Singaporean roads in 2024, a stunning 42.3% year-on-year surge. Toyota incl. Lexus (+8.7%) can’t keep up with the soaring market and sees its share drop from 24% to 18.3%. The hero of the year is Chinese carmaker BYD (+337.2%) climbing up from #5 and 4.7% share in 2023 to #2 and 14.4% this year. BYD even ranked #1 in February and peaked at 20.6% share in December. As a result Mercedes (+18.2%), BMW (+47.6%) and Honda (+47.9%) all drop one spot on last year to round out the Top 5. Other great performers include Tesla (+153.3%), Hyundai (+79.5%) and Volkswagen (+60.2%). Xpeng lands at #18 and peaked at #10 in October.

Previous year: Singapore 2023: Toyota up to 24% share, BYD (+80.2%) shines

2 years ago: Singapore 2022: Market sinks -31.9%, Toyota and Mercedes on top again

Full December and Year 2024 Top 54 All brands vs. Full Year 2023 figures below.