BYD sales are up 10-fold year-on-year in Singapore.
2,414 new cars found a buyer in Singapore in February, a solid 13% year-on-year growth. This leads to a year-to-date volume up 15.7% to 4,654. This month’s biggest story is without a doubt the very first pole position of BYD (+1045.9%) up 10-fold year-on-year to a breathtaking 17.6% share. This smashes its previous best of 11.7% established just last month. Like in China, BYD enjoys tremendous success in Singapore. It overtakes Toyota (-7.7%), Mercedes (+14.5%) and BMW (+27.1%), last month’s leader. However BYD remains 4th year-to-date while Toyota takes the lead despite a -6% year-on-year fall over the first two months of the year. Mercedes (+8.6%) follows then BMW (+57.2%). Other great performers include Porsche (+65.5%) up to #10, MG (+462.5%) and Skoda (+150%).
Previous month: Singapore January 2024: BMW and Mercedes take control, BYD breaks share record
One year ago: Singapore February 2023: Nissan, Subaru, Renault shine in market limiting its fall (-6%)
Full February 2024 Top 35 All brands ranking below.
Singapore February 2024 – brands:
| Pos | Brand | Feb-24 | % | /23 | Jan | 2024 | % | /23 | Pos | FY23 |
| 1 | BYD | 424 | 17.6% | + 1045.9% | 4 | 686 | 14.7% | + 697.7% | 4 | 5 |
| 2 | Toyota (incl Lexus) | 382 | 15.8% | – 7.7% | 3 | 768 | 16.5% | – 6.0% | 1 | 1 |
| 3 | Mercedes | 356 | 14.7% | + 14.5% | 2 | 758 | 16.3% | + 8.6% | 2 | 2 |
| 4 | BMW | 342 | 14.2% | + 27.1% | 1 | 756 | 16.2% | + 57.2% | 3 | 3 |
| 5 | Honda | 222 | 9.2% | – 9.4% | 5 | 363 | 7.8% | – 11.7% | 5 | 4 |
| 6 | Hyundai | 89 | 3.7% | + 9.9% | 9 | 150 | 3.2% | + 15.4% | 7 | 8 |
| 7 | Nissan | 83 | 3.4% | – 39.0% | 7 | 185 | 4.0% | + 7.6% | 6 | 6 |
| 8 | Mazda | 83 | 3.4% | + 9.2% | 10 | 132 | 2.8% | – 20.5% | 9 | 7 |
| 9 | Kia | 63 | 2.6% | + 3.3% | 11 | 105 | 2.3% | – 6.3% | 10 | 9 |
| 10 | Porsche | 48 | 2.0% | + 65.5% | 14 | 67 | 1.4% | + 36.7% | 13 | 12 |
| 11 | MG | 45 | 1.9% | + 462.5% | 12 | 85 | 1.8% | + 286.4% | 12 | 18 |
| 12 | Tesla | 33 | 1.4% | – 47.6% | 6 | 137 | 2.9% | + 47.3% | 8 | 10 |
| 13 | Audi | 33 | 1.4% | – 43.1% | 8 | 104 | 2.2% | – 24.6% | 11 | 11 |
| 14 | Volvo | 27 | 1.1% | – 20.6% | 13 | 60 | 1.3% | – 18.9% | 14 | 15 |
| 15 | Skoda | 25 | 1.0% | + 150.0% | 17 | 39 | 0.8% | + 18.2% | 15 | 19 |
| 16 | Peugeot | 23 | 1.0% | – 34.3% | 20 | 31 | 0.7% | – 46.6% | 17 | 16 |
| 17 | Suzuki | 23 | 1.0% | + 4.5% | 32 | 25 | 0.5% | – 32.4% | 19 | 14 |
| 18 | Volkswagen | 21 | 0.9% | – 19.2% | 15 | 36 | 0.8% | – 49.3% | 16 | 13 |
| 19 | Mini | 13 | 0.5% | + 85.7% | 18 | 24 | 0.5% | + 20.0% | 20 | 21 |
| 20 | Great Wall | 13 | 0.5% | n/a | 29 | 15 | 0.3% | n/a | 22 | 32 |
| 21 | Land Rover | 12 | 0.5% | – 14.3% | 16 | 26 | 0.6% | – 29.7% | 18 | 22 |
| 22 | Maserati | 11 | 0.5% | + 1000.0% | 19 | 19 | 0.4% | + 533.3% | 21 | 28 |
| 23 | Subaru | 10 | 0.4% | – 78.7% | 26 | 14 | 0.3% | – 74.1% | 23 | 23 |
| 24 | Maxus | 8 | 0.3% | n/a | 22 | 13 | 0.3% | n/a | 24 | 41 |
| 25 | Polestar | 7 | 0.3% | + 16.7% | 21 | 13 | 0.3% | + 0.0% | 25 | 24 |
| 26 | Citroen | 2 | 0.1% | – 92.6% | 24 | 6 | 0.1% | – 85.4% | 26 | 17 |
| 27 | Jeep | 2 | 0.1% | + 100.0% | 25 | 6 | 0.1% | + 100.0% | 27 | 36 |
| 28 | Ferrari | 2 | 0.1% | – 81.8% | 28 | 4 | 0.1% | – 77.8% | 29 | 25 |
| 29 | Lamborghini | 2 | 0.1% | + 0.0% | 30 | 4 | 0.1% | + 33.3% | 30 | 40 |
| 30 | Bentley | 2 | 0.1% | – 66.7% | 33 | 3 | 0.1% | – 62.5% | 31 | 31 |
| 31 | Jaguar | 2 | 0.1% | – 33.3% | 34 | 3 | 0.1% | – 25.0% | 32 | 33 |
| 32 | Aston Martin | 2 | 0.1% | + 100.0% | – | 2 | 0.0% | + 0.0% | 35 | 35 |
| 33 | McLaren | 1 | 0.0% | – 66.7% | 31 | 3 | 0.1% | – 25.0% | 33 | 38 |
| 34 | Smart | 1 | 0.0% | n/a | 35 | 2 | 0.0% | n/a | 36 | 56 |
| 35 | Alfa Romeo | 1 | 0.0% | n/a | – | 1 | 0.0% | + 0.0% | 37 | 39 |
Source: LTA
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