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40% fall in registration of parallel-imported cars
Industry blames new emissions rules for last year's plunge, expects better sales this year
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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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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.
