40% fall in registration of parallel-imported cars

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

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
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As a result, parallel importers found it more difficult last year to get their cars approved for sale here. Furthermore, as the WLTP is a more stringent standard, models brought in with these readings often fare worse in VES bandings.

For instance, a car could have had a VES rebate of $10,000 under NEDC, but loses it when it is tested under WLTP - a standard which is supposedly more reflective of real-world driving conditions.

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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. Subscribe