Toyota holds 27% of the Singaporean market in October.
New car sales in Singapore edge down -1.8% year-on-year to 2,352 units, with a year-to-date tally now down -12.6% to 22,910. These are particularly weak results given the fact October 2022 was already down -19.4% on the year prior and the YTD 2022 total was off -33.8% on 2021. The reason behind such a low market lie with the surging prices of COE (Certificates of Entitlement) which is a permit to drive your vehicle and can account for up to the same price as the car! Toyota (+35.2%) bucks the negative trend atop the brands charts and grows to 27.1% share vs. 23% so far this year. Mercedes (-18.5%) and Honda (-26.5%) both fall much faster than the market where BMW (+2.6%) manages a small uptick. As it has been the case for the best part of a year now, BYD (+46.3%) vastly outpaces the market to repeat at #5 with 6.7% share vs. 4% year-to-date. Tesla (+45%), Volkswagen (+38.1%) and Mazda (+12%) also stand out.
Previous month: Singapore September 2023: BYD, Nissan, Toyota stand out in market edging up 2.3%
One year ago: Singapore October 2022: BYD up to record #5 in market down -19.4%
Full October 2023 Top 40 All brands ranking below.
Singapore October 2023 – brands:
| Pos | Brand | Oct-23 | % | /22 | Sep | 2023 | % | /22 | Pos | FY22 |
| 1 | Toyota (incl Lexus) | 637 | 27.1% | + 35.2% | 1 | 5,280 | 23.0% | – 4.6% | 1 | 1 |
| 2 | Mercedes | 339 | 14.4% | – 18.5% | 2 | 3,539 | 15.4% | – 20.6% | 2 | 2 |
| 3 | BMW | 275 | 11.7% | + 2.6% | 3 | 2,913 | 12.7% | – 2.2% | 3 | 3 |
| 4 | Honda | 164 | 7.0% | – 26.5% | 4 | 1,915 | 8.4% | – 31.7% | 4 | 4 |
| 5 | BYD | 158 | 6.7% | + 46.3% | 5 | 908 | 4.0% | + 43.9% | 6 | 12 |
| 6 | Mazda | 112 | 4.8% | + 12.0% | 8 | 851 | 3.7% | – 9.7% | 7 | 6 |
| 7 | Kia | 76 | 3.2% | – 20.0% | 9 | 746 | 3.3% | + 3.6% | 9 | 10 |
| 8 | Hyundai | 70 | 3.0% | – 20.5% | 6 | 782 | 3.4% | – 45.1% | 8 | 5 |
| 9 | Nissan | 68 | 2.9% | – 1.4% | 7 | 1,004 | 4.4% | + 38.1% | 5 | 8 |
| 10 | Audi | 64 | 2.7% | – 27.3% | 15 | 484 | 2.1% | – 32.3% | 12 | 9 |
| 11 | Tesla | 58 | 2.5% | + 45.0% | 10 | 697 | 3.0% | + 0.4% | 10 | 7 |
| 12 | Volkswagen | 58 | 2.5% | + 38.1% | 12 | 392 | 1.7% | – 5.1% | 13 | 13 |
| 13 | Porsche | 48 | 2.0% | – 7.7% | 11 | 488 | 2.1% | – 31.9% | 11 | 11 |
| 14 | Citroen | 29 | 1.2% | + 11.5% | 19 | 260 | 1.1% | – 17.7% | 16 | 14 |
| 15 | Volvo | 28 | 1.2% | + 21.7% | 14 | 333 | 1.5% | + 25.7% | 14 | 15 |
| 16 | Skoda | 28 | 1.2% | + 100.0% | 16 | 200 | 0.9% | + 37.0% | 19 | 23 |
| 17 | MG | 20 | 0.9% | – 45.9% | 17 | 217 | 0.9% | – 14.2% | 18 | 18 |
| 18 | Great Wall | 19 | 0.8% | new | – | 21 | 0.1% | new | 34 | – |
| 19 | Suzuki | 17 | 0.7% | + 54.5% | 13 | 308 | 1.3% | + 133.3% | 15 | 24 |
| 20 | Peugeot | 11 | 0.5% | – 64.5% | 18 | 237 | 1.0% | – 6.3% | 17 | 17 |
| 21 | Opel | 11 | 0.5% | – 85.5% | 21 | 194 | 0.8% | – 2.0% | 20 | 21 |
| 22 | Subaru | 11 | 0.5% | + 22.2% | 31 | 132 | 0.6% | + 2.3% | 22 | 26 |
| 23 | Mini | 10 | 0.4% | – 52.4% | 22 | 129 | 0.6% | – 34.8% | 23 | 19 |
| 24 | Land Rover | 9 | 0.4% | – 55.0% | 20 | 151 | 0.7% | – 6.2% | 21 | 22 |
| 25 | Polestar | 7 | 0.3% | – 50.0% | 27 | 89 | 0.4% | – 36.9% | 26 | 25 |
| 26 | Ferrari | 6 | 0.3% | + 20.0% | 25 | 94 | 0.4% | + 16.0% | 24 | 29 |
| 27 | Maserati | 4 | 0.2% | + 33.3% | 24 | 58 | 0.3% | + 13.7% | 27 | 33 |
| 28 | Jaguar | 2 | 0.1% | – 75.0% | 23 | 30 | 0.1% | – 60.0% | 33 | 31 |
| 29 | Lotus | 2 | 0.1% | n/a | 34 | 15 | 0.1% | + 650.0% | 36 | 50 |
| 30 | Rolls Royce | 1 | 0.0% | – 66.7% | 32 | 93 | 0.4% | + 19.2% | 25 | 30 |
| 31 | Bentley | 1 | 0.0% | – 83.3% | 33 | 57 | 0.2% | – 34.5% | 28 | 28 |
| 32 | Mitsubishi | 1 | 0.0% | – 90.9% | 28 | 56 | 0.2% | – 75.3% | 29 | 20 |
| 33 | Seat | 1 | 0.0% | – 75.0% | – | 49 | 0.2% | – 27.9% | 30 | 32 |
| 34 | SsangYong | 1 | 0.0% | n/a | – | 48 | 0.2% | – 83.2% | 31 | 16 |
| 35 | Maxus | 1 | 0.0% | new | 26 | 7 | 0.0% | new | 41 | – |
| 36 | Datsun | 1 | 0.0% | n/a | – | 3 | 0.0% | – 40.0% | 44 | 42 |
| 37 | Alpine | 1 | 0.0% | + 0.0% | – | 2 | 0.0% | – 71.4% | 45 | 41 |
| 38 | Buick | 1 | 0.0% | n/a | – | 1 | 0.0% | n/a | 47 | – |
| 39 | Daimler | 1 | 0.0% | n/a | – | 1 | 0.0% | n/a | 56 | – |
| 40 | Lancia | 1 | 0.0% | n/a | – | 1 | 0.0% | n/a | 57 | – |
Source: LTA
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