The Business Times
business-time-50

Parallel importers sold nearly 10,000 Vezel in 2016

Popular Honda compact SUV model accounted for 11% of Singapore's total registrations

Published Wed, Jan 25, 2017 · 09:50 PM
    Parallel Import boom

    Singapore

    THE astounding popularity of the Honda Vezel has made it Singapore's overall top model for the second straight year and boosted the parallel import trade to its highest volume in eight years.

    In 2016, parallel importers (PIs) collectively sold 9,966 units of the Vezel, or two and a half times as many as in 2015, according to the Land Transport Authority.

    TRENDING NOW

    Higher Singapore dollar rates should support the net interest margins of DBS, OCBC and UOB.

    Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    Desmond Sim’s resignation comes almost 18 months after the merger of ETC and OrangeTee to form Realion.

    Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC

    Chagee's flagship store at VivoCity. The milk-tea brand is pivoting away from a franchise-heavy structure towards greater direct ownership.

    Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More