40% fall in registration of parallel-imported cars

Last year, 44 per cent of new Honda cars sold in Singapore were parallel imports, followed by 22.6 per cent of Toyota cars, and 18 per cent of Mercedes-Benz cars. Excluding parallel imports, Toyota was the bestselling brand last year, with 10,695 car
Last year, 44 per cent of new Honda cars sold in Singapore were parallel imports, followed by 22.6 per cent of Toyota cars, and 18 per cent of Mercedes-Benz cars. Excluding parallel imports, Toyota was the bestselling brand last year, with 10,695 cars delivered by authorised agent Borneo Motors.ST PHOTO: JASMINE CHOONG

Industry blames new emissions rules for last year's plunge, expects better sales this year

Parallel-imported cars continued to lose their shine last year, with registrations plummeting by nearly 40 per cent to 11,357.

Figures from the Land Transport Authority show their share of new car sales shrank to 14.1 per cent in 2018, down from 20.3 per cent in 2017, and around 24 per cent in 2016.

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A version of this article appeared in the print edition of The Straits Times on February 09, 2019, with the headline '40% fall in registration of parallel-imported cars'. Print Edition | Subscribe