In news earlier last week, the top 10 Singapore car brands in 2018 were revealed.
Brands like Hyundai, Honda and Toyota unsurprisingly made it to 2018’s top 10, due to their mix of affordability and value in Singapore’s rising COE environment.
Other brands, like Kia and Subaru, also made it to the list
Honda usurped long-established front-runner Toyota to take first place with 15,040 cars sold, which was 6.1 per cent down from 2017.
Japanese giant Toyota sold 13,817 cars, 27.8 per cent down from the previous year.
These figures actually include a sizeable percentage of parallel imports – cars which are sourced from overseas dealers instead of directly from car manufacturers.
Excluding parallel imports, Honda agent Kah Motor said its sales improved from 2017.
Honda however declined to reveal figures.
Among the top 10 car brands, Hyundai sales surged by more than 70 per cent to reach 6,540 units, making the brand the fourth bestseller of 2018.
It had the biggest sales improvement of the pack.
Teo Hock Seng, managing director of Hyundai agent Komoco, said its performance was all the more significant because Hyundai does not have a parallel import segment, unlike other brands.
Overall, the passenger car market shrank by 12.7 per cent to 80,281 units.