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:

PosBrandJan-24%/23DecFY231BMW41418.5%+ 95.3%432Mercedes40217.9%+ 3.9%323Toyota (incl Lexus)38617.2%– 4.2%114BYD26211.7%+ 434.7%555Honda1416.3%– 15.1%246Tesla1044.6%+ 246.7%9107Nissan1024.6%+ 183.3%768Audi713.2%– 11.3%11119Hyundai612.7%+ 24.5%6810Mazda492.2%– 45.6%10711Kia421.9%– 17.6%8912MG401.8%+ 185.7%161813Volvo331.5%– 17.5%181514Porsche190.8%– 5.0%131215Volkswagen150.7%– 66.7%121316Land Rover140.6%– 39.1%232217Skoda140.6%– 39.1%141918Mini110.5%– 15.4%192119Maserati80.4%+ 300.0%262820Peugeot80.4%– 65.2%171621Polestar60.3%– 14.3%282422Maxus50.2%n/a404123Rolls Royce50.2%– 58.3%372624Citroen40.2%– 71.4%201725Jeep40.2%+ 100.0%333626Subaru40.2%– 42.9%352327Opel30.1%– 94.0%212028Ferrari20.1%– 71.4%362529Great Wall20.1%n/a243230Lamborghini20.1%+ 100.0%394031McLaren20.1%+ 100.0% –3832Suzuki20.1%– 86.7%151433Bentley10.0%– 50.0%383134Jaguar10.0%+ 0.0%253335Smart10.0%n/a –56

Source: LTA