What Are Singapore Car Sales Are Saying To Us ?

Some car sales stats to cheer us up a little.

Mitsubishi is selling 1434% more cars than they were selling last year.

Note that my stats are for till end May this year and the Change column prorates the 2014 sales for 5 months.  The way to interpret this is that if the Change is less than 56%, the cars are not selling as well as last year which means the Merc and BMW, the 2 former top sellers in Singapore, have fallen out of favour along with the other luxury brands, Audi and Volvo.

Yet the rich are getting richer because the ultra posh brands like Porsche, Ferrari, Rolls Royce and gang are doing well.

I am pretty pleased with myself for doing up the numbers in 2013 and have been expecting this.

“my greedy eyes tell me that 2016-2018 would be the best time to buy a new car, given the explosion in car population between 2006-2008.” https://tradehaven.net/market/singapore-hit-f1-for-help/

Compared to the 2013 numbers, I think the population is doing better as a whole with affordability  less of a problem it would appear.

Now if your eyes are sharp enough, you would notice the Ferrari and Lamborghini numbers in the first 5 months of 2013 which outstrips the total sales for 2014 and 2015.

Perhaps its to do with this graph ? The IPO stats of Singapore. Just a speculation, of course, and purely hypothetical given that someone told me that Porsches are “everyday sports cars” which does not mean anything.

Good luck !!

 

 

Related articles :

https://tradehaven.net/market/cars-speak-for-themselves-singapore-outlook/

https://tradehaven.net/market/the-new-loan-measures-must-be-working-check-out-car-stats/