Xpeng already breaks into the Singaporean Top 20 for its 2nd month in market.

The Singaporean new car market surges 55.4% year-on-year in August to 3,949 sales, leading to a year-to-date tally up 45.7% to 26,442. Toyota (-3.1%) massively underperforms but stays in the brands lead with 14.3% share. BYD (+284.7%) continues to impress at #2 and 12.8% share, with Tesla (+129.9%), Honda (+107.8%) and Hyundai (+83.3%) also beating the market. Nissan (+57.7%) also fares well at #8 but BMW (+51.2%) and Mercedes (+27.4%) grow slower than the market. They are fighting for the third place overall both this month (4 units difference) and year-to-date (10 units difference). Notice also MG (+472.7%), Subaru (+430%) and Audi (+100%) as well as newcomer GAC at #13. For its 2nd month in market, Xpeng is up 21 spots to #18.

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

One year ago: Singapore August 2023: BYD, Nissan, Kia post satisfying gains

Full August 2024 Top 43 All brands ranking below.

Singapore August 2024 – brands:

PosBrandAug-24%/23Jul2024%/23PosFY231Toyota (incl Lexus)56614.3%– 3.1%14,38316.6%+ 8.7%112BYD50412.8%+ 284.7%23,60913.6%+ 496.5%253Mercedes44711.3%+ 27.4%43,37412.8%+ 18.5%424BMW44311.2%+ 51.2%53,38412.8%+ 47.3%335Honda42610.8%+ 107.8%32,4309.2%+ 51.7%546Tesla3087.8%+ 129.9%71,4515.5%+ 148.0%6107Hyundai2315.8%+ 83.3%61,3835.2%+ 137.6%788Nissan1944.9%+ 57.7%91,0584.0%+ 31.1%869Mazda1072.7%+ 5.9%88113.1%+ 20.9%9710Kia862.2%– 18.1%118013.0%+ 32.2%10911Volkswagen671.7%+ 24.1%123531.3%+ 21.7%141312MG631.6%+ 472.7%164321.6%+ 151.2%111813GAC631.6%new131810.7%new18 –14Porsche591.5%+ 37.2%183191.2%– 18.6%151215Subaru531.3%+ 430.0%102771.0%+ 130.8%162316Audi501.3%+ 100.0%154291.6%+ 9.2%121117Volvo481.2%+ 9.1%143761.4%+ 36.7%131518Xpeng431.1%new39450.2%new28 –19Peugeot290.7%+ 11.5%191500.6%– 26.8%201620Mini240.6%+ 4.3%231000.4%– 5.7%232121Skoda230.6%+ 9.5%211870.7%+ 28.1%171922Land Rover200.5%+ 150.0%201280.5%+ 3.2%212223Zeekr190.5%new40210.1%new33 –24Great Wall140.4%+ 600.0%221210.5%+ 5950.0%223225Suzuki120.3%– 72.1%171600.6%– 36.3%191426Chery90.2%new24400.2%new29 –27Maserati80.2%– 33.3%25640.2%+ 39.1%242828Polestar40.1%– 33.3%27530.2%– 32.9%262429Maxus40.1%n/a30460.2%+ 4500.0%274130Lotus40.1%+ 100.0%32190.1%+ 58.3%353731Opel30.1%– 66.7%31330.1%– 80.2%302032Ferrari30.1%– 57.1%28230.1%– 72.0%312533Bentley30.1%+ 50.0%35180.1%– 67.3%363134Citroen20.1%– 88.2%33600.2%– 71.7%251735Smart20.1%n/a26140.1%+ 1300.0%395636Jaguar10.0%– 75.0%41210.1%+ 10.5%323337Rolls Royce10.0%– 75.0%34200.1%– 78.0%342638Alfa Romeo10.0%– 50.0%36150.1%+ 200.0%373939Jeep10.0%n/a37150.1%+ 25.0%383640Lamborghini10.0%n/a29130.0%+ 62.5%404041McLaren10.0%n/a –80.0%– 46.7%413842Seres10.0%new –10.0%new49 –43Morgan10.0%n/a –10.0%+ 0.0%5153

Source: LTA