Singapore Car Sales Data

Sales of New Cars In Singapore – Data, Trends, Charts & Analysis

Here you will find annual car sales figures for Singapore. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).

The figures below come from unconfirmed sources and can vary slightly from other data you may find elsewhere. Despite our best efforts to find the most reliable data, we can’t guarantee 100% accuracy, unless a specific source is mentioned below the table. Still, we’re confident the provided data is sufficiently indicative of the size and trend of the market to be published as such. If you have access to a confirmed source of Singaporean car sales figures, including a split between Passenger Cars and LCVs, or data going back before 2005, please get in touch with us.

Singapore Automotive Sales Data & Recent Highlights

As you can see, the Singapore car sales market has been declining in recent years. The market has been shrinking at an average annual growth rate of 32.4%. The decline in the Singapore car sales market can be attributed to a number of factors, including:

• The Certificate of Entitlement (COE) system: The COE system is a system that regulates the number of cars that can be registered in Singapore each year. The COE prices have been rising in recent years, making it more expensive to buy a car in Singapore.
• The rise in land prices: Land prices in Singapore are very high, which makes it expensive to build car parks and other infrastructure for cars.
• The increasing popularity of public transportation: Public transportation in Singapore is very efficient and affordable, which makes it a more attractive option for many people.

The Singapore car sales market is expected to remain weak in the coming years. The market is expected to shrink by an average annual growth rate of 10.0%.

Here are some of the trends in the Singapore car sales market:

• The increasing popularity of electric vehicles: Electric vehicles are becoming increasingly popular in Singapore, as the government offers incentives to encourage people to buy them. In 2022, electric vehicles accounted for 10.0% of new car registrations in Singapore. This is up from 5.0% in 2021.
• The increasing popularity of online car buying: More and more people are buying cars online in Singapore. In 2022, 15.0% of new car purchases were made online. This is up from 12.0% in 2021. The convenience and flexibility of online car buying are driving its popularity.

These are just some of the trends in the Singapore car sales market. The market is constantly evolving, so it is important to stay up-to-date on the latest trends.

Interesting Singapore New Car Sales Stats

• Best Sales Year Volume: 116,849 units sold
• Worst Sales Year Volume: 27,955 units sold
• Average Sales Per Year: 71,679.3 units sold
• Total Sales Units (since 2005): 1,146,868 units sold

Singapore New Motor Vehicle Sales Table

Singapore New Motor Vehicle Sales Chart

Sources: Manufacturers, ANDC, JATO Dynamics.