Singapore July 2024: Subaru, BYD, Tesla stand out in market surging 64.4%

Subaru sales are up 600% year-on-year in July.

New car sales in Singapore surge 64.4% year-on-year in July to 3,917, bringing the year-to-date tally to  22,493, up 44.1% over the same period in 2023. Toyota (+11.8%) keeps the brands lead but trails the market by a significant margin. The great performer of the past year, BYD, manages a 366.7% year-on-year lift and returns to the 2nd place it holds year-to-date. Honda (+201.2%) also soars and gains two spots on June to land on the third step of the podium. Subaru (+600%), Tesla (+241.2%), Mercedes (+73.1%) and Hyundai (+72.4%) also beat the market in the remainder of the Top 10. Chinese fares Xpeng and Zeekr launch with 2 sales each.

Previous month: Singapore June 2024: BYD (+571.7%) Hyundai (+231.3%) impress, sales up 61.8%

One year ago: Singapore July 2023: Nissan (+75.8%) BMW (+48.1%) shine in market off -5.8%

Full July 2024 Top 41 All brands ranking below.

Singapore July 2024 – brands:

Pos Brand Jul-24 % /23 Jun 2024 % /23 Pos FY23
1 Toyota (incl Lexus) 652 16.6% + 11.8% 1 3,817 17.0% + 10.6% 1 1
2 BYD 518 13.2% + 366.7% 4 3,105 13.8% + 555.1% 2 5
3 Honda 497 12.7% + 201.2% 5 2,004 8.9% + 43.5% 5 4
4 Mercedes 464 11.8% + 73.1% 3 2,927 13.0% + 17.2% 4 2
5 BMW 418 10.7% + 33.1% 2 2,941 13.1% + 46.8% 3 3
6 Hyundai 212 5.4% + 72.4% 7 1,152 5.1% + 152.6% 6 8
7 Tesla 174 4.4% + 241.2% 6 1,143 5.1% + 153.4% 7 10
8 Mazda 130 3.3% + 27.5% 9 704 3.1% + 23.5% 10 7
9 Nissan 105 2.7% – 9.5% 8 864 3.8% + 26.3% 8 6
10 Subaru 105 2.7% + 600.0% 11 224 1.0% + 103.6% 16 23
11 Kia 99 2.5% + 26.9% 10 715 3.2% + 42.7% 9 9
12 Volkswagen 80 2.0% + 90.5% 12 286 1.3% + 21.2% 14 13
13 GAC 72 1.8% new 20 118 0.5% new 20  –
14 Volvo 62 1.6% + 77.1% 13 328 1.5% + 42.0% 13 15
15 Audi 56 1.4% + 40.0% 14 379 1.7% + 3.0% 11 11
16 MG 30 0.8% – 16.7% 15 369 1.6% + 129.2% 12 18
17 Suzuki 29 0.7% – 40.8% 22 148 0.7% – 28.8% 18 14
18 Porsche 28 0.7% – 49.1% 17 260 1.2% – 25.5% 15 12
19 Peugeot 23 0.6% – 39.5% 18 121 0.5% – 32.4% 19 16
20 Land Rover 23 0.6% + 53.3% 21 108 0.5% – 6.9% 21 22
21 Skoda 22 0.6% – 21.4% 16 164 0.7% + 31.2% 17 19
22 Great Wall 19 0.5% new 19 107 0.5% new 22 32
23 Mini 18 0.5% + 38.5% 30 76 0.3% – 8.4% 23 21
24 Chery 13 0.3% new 24 31 0.1% new 28  –
25 Maserati 8 0.2% – 11.1% 28 56 0.2% + 64.7% 25 28
26 Smart 8 0.2% n/a  – 12 0.1% + 1100.0% 38 56
27 Polestar 7 0.2% – 50.0% 27 49 0.2% – 32.9% 26 24
28 Ferrari 6 0.2% + 0.0% 35 20 0.1% – 73.3% 30 25
29 Lamborghini 6 0.2% n/a 38 12 0.1% + 50.0% 37 40
30 Maxus 5 0.1% n/a 26 42 0.2% + 4100.0% 27 41
31 Opel 4 0.1% – 33.3% 25 30 0.1% – 81.0% 29 20
32 Lotus 4 0.1% + 100.0% 33 15 0.1% + 50.0% 34 37
33 Citroen 3 0.1% – 91.2% 23 58 0.3% – 70.3% 24 17
34 Rolls Royce 3 0.1% – 50.0% 31 19 0.1% – 78.2% 32 26
35 Bentley 3 0.1% + 50.0% 36 15 0.1% – 71.7% 33 31
36 Alfa Romeo 2 0.1% n/a 32 14 0.1% + 366.7% 35 39
37 Jeep 2 0.1% – 50.0% 37 14 0.1% + 16.7% 36 36
38 Aston Martin 2 0.1% n/a 39 7 0.0% – 46.2% 39 35
39 Xpeng 2 0.1% new  – 2 0.0% new 41  –
40 Zeekr 2 0.1% new  – 2 0.0% new 42  –
41 Jaguar 1 0.0% – 80.0% 29 20 0.1% + 33.3% 31 33

Source: LTA

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