BYD holds 14.5% of the Singaporean market in March.

New car sales in Singapore 42.1% year-on-year in March to 3,508 unit, leading to a year-to-date tally up  25.7% to 8,162. Toyota (+4%) reclaims the brands top spot despite a very weak uptick, toppling BYD which is up another 13-fold year-on-year to 14.5% share. Mercedes (+14.4%) is also weak at #3 while BMW (+35%) can’t quite catch up to the market growth and Honda (+60.1%) excels. Notice also Hyundai (+421.6%), MG (+237%), Tesla (+193.1%) and Skoda (+163.6%) all posting surreal gains.

Previous month: Singapore February 2024: BYD overall best-seller

One year ago: Singapore March 2023: Nissan, Mazda, BMW ignore declining market (-5.9%)

Full March 2024 Top 40 All brands ranking below.

Singapore March 2024 – brands:

PosBrandMar-24%/23Feb2024%/23PosFY231Toyota (incl Lexus)54615.6%+ 4.0%21,31416.1%– 2.1%112BYD51014.5%+ 1242.1%11,19614.7%+ 864.5%353Mercedes46113.1%+ 14.4%31,21914.9%+ 10.7%224BMW42812.2%+ 35.0%41,18414.5%+ 48.4%435Nissan2457.0%+ 60.1%74305.3%+ 32.3%666Honda2336.6%– 16.5%55967.3%– 13.6%547Tesla2116.0%+ 193.1%123484.3%+ 110.9%7108Hyundai1935.5%+ 421.6%63434.2%+ 105.4%889Kia1263.6%+ 70.3%92312.8%+ 24.2%9910Mazda942.7%+ 59.3%82262.8%+ 0.4%10711MG912.6%+ 237.0%111762.2%+ 259.2%111812Porsche561.6%– 33.3%101231.5%– 7.5%131213Audi531.5%– 7.0%131571.9%– 19.5%121114Volvo371.1%+ 37.0%14971.2%– 4.0%141515Skoda290.8%+ 163.6%15680.8%+ 54.5%151916Great Wall260.7%n/a20410.5%n/a193217Land Rover230.7%+ 9.5%21490.6%– 15.5%172218Volkswagen220.6%– 4.3%18580.7%– 38.3%161319Peugeot180.5%– 14.3%16490.6%– 38.0%181620Suzuki150.4%– 16.7%17400.5%– 27.3%201421Subaru150.4%– 31.8%23290.4%– 61.8%222322Mini110.3%– 15.4%19350.4%+ 6.1%212123Opel110.3%– 73.8% –140.2%– 87.5%262024Maserati80.2%+ 33.3%22270.3%+ 200.0%232825Maxus60.2%new24190.2%new244126Citroen60.2%– 81.3%26120.1%– 83.6%271727Jaguar60.2%+ 100.0%3190.1%+ 28.6%283328Polestar50.1%– 44.4%25180.2%– 18.2%252429Lotus50.1%+ 66.7% –50.1%+ 25.0%353730Bentley40.1%– 75.0%3070.1%– 70.8%293131Alfa Romeo30.1%n/a3540.0%+ 300.0%363932Rolls Royce20.1%– 89.5% –70.1%– 84.1%312633Ferrari20.1%– 88.2%2860.1%– 82.9%322534McLaren20.1%– 71.4%3350.1%– 54.5%343835Jeep10.0%– 50.0%2770.1%+ 40.0%303636Lamborghini10.0%– 75.0%2950.1%– 28.6%334037Alpine10.0%n/a –10.0%n/a394738Datsun10.0%n/a –10.0%+ 0.0%404639Chrysler10.0%n/a –10.0%n/a41 –40Aston Martin00.0%– 100.0%3220.0%– 33.3%3735

Source: LTA