BYD holds a record 11.7% of the Singaporean market in January.
New car sales in Singapore jump 18.6% year-on-year in January to 2,240 units, yet the year-ago comparison set was particularly low and down -36.3% on the year prior. This month the brands ranking is turned upside down. BMW (+95.3%) spectacularly takes the lead with 18.5% share, which is its highest in over 10 years, since the 20.7% it reached back in December 2013. Mercedes (+3.9%) is at 17.9%, its best since last April (18.3%). The traditional leader, Toyota (-4.2%) is down to #3 with 17.2% share. Once again BYD (+434.7%) stuns and smashes its market share record to 11.7%. Tesla (+246.7%), Nissan (+183.3%) and Hyundai (+24.5%) also beat the market in the remainder of the Top 10.
Previous post: Singapore Full Year 2023: Toyota up to 24% share, BYD (+80.2%) shines
One year ago: Singapore January 2023: Audi, Opel, BYD defy market off -36.3%
Full January 2024 Top 35 All brands ranking below.
Singapore January 2024 – brands:
| Pos | Brand | Jan-24 | % | /23 | Dec | FY23 |
| 1 | BMW | 414 | 18.5% | + 95.3% | 4 | 3 |
| 2 | Mercedes | 402 | 17.9% | + 3.9% | 3 | 2 |
| 3 | Toyota (incl Lexus) | 386 | 17.2% | – 4.2% | 1 | 1 |
| 4 | BYD | 262 | 11.7% | + 434.7% | 5 | 5 |
| 5 | Honda | 141 | 6.3% | – 15.1% | 2 | 4 |
| 6 | Tesla | 104 | 4.6% | + 246.7% | 9 | 10 |
| 7 | Nissan | 102 | 4.6% | + 183.3% | 7 | 6 |
| 8 | Audi | 71 | 3.2% | – 11.3% | 11 | 11 |
| 9 | Hyundai | 61 | 2.7% | + 24.5% | 6 | 8 |
| 10 | Mazda | 49 | 2.2% | – 45.6% | 10 | 7 |
| 11 | Kia | 42 | 1.9% | – 17.6% | 8 | 9 |
| 12 | MG | 40 | 1.8% | + 185.7% | 16 | 18 |
| 13 | Volvo | 33 | 1.5% | – 17.5% | 18 | 15 |
| 14 | Porsche | 19 | 0.8% | – 5.0% | 13 | 12 |
| 15 | Volkswagen | 15 | 0.7% | – 66.7% | 12 | 13 |
| 16 | Land Rover | 14 | 0.6% | – 39.1% | 23 | 22 |
| 17 | Skoda | 14 | 0.6% | – 39.1% | 14 | 19 |
| 18 | Mini | 11 | 0.5% | – 15.4% | 19 | 21 |
| 19 | Maserati | 8 | 0.4% | + 300.0% | 26 | 28 |
| 20 | Peugeot | 8 | 0.4% | – 65.2% | 17 | 16 |
| 21 | Polestar | 6 | 0.3% | – 14.3% | 28 | 24 |
| 22 | Maxus | 5 | 0.2% | n/a | 40 | 41 |
| 23 | Rolls Royce | 5 | 0.2% | – 58.3% | 37 | 26 |
| 24 | Citroen | 4 | 0.2% | – 71.4% | 20 | 17 |
| 25 | Jeep | 4 | 0.2% | + 100.0% | 33 | 36 |
| 26 | Subaru | 4 | 0.2% | – 42.9% | 35 | 23 |
| 27 | Opel | 3 | 0.1% | – 94.0% | 21 | 20 |
| 28 | Ferrari | 2 | 0.1% | – 71.4% | 36 | 25 |
| 29 | Great Wall | 2 | 0.1% | n/a | 24 | 32 |
| 30 | Lamborghini | 2 | 0.1% | + 100.0% | 39 | 40 |
| 31 | McLaren | 2 | 0.1% | + 100.0% | – | 38 |
| 32 | Suzuki | 2 | 0.1% | – 86.7% | 15 | 14 |
| 33 | Bentley | 1 | 0.0% | – 50.0% | 38 | 31 |
| 34 | Jaguar | 1 | 0.0% | + 0.0% | 25 | 33 |
| 35 | Smart | 1 | 0.0% | n/a | – | 56 |
Source: LTA
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