Parallel imports hit 24% of 65,412 cars registered

Singapore

THE Vezel compact SUV continues to power the Honda brand after three quarters and could help the parallel import (PI) industry to achieve record market share by year-end.

In the first nine months of 2016, 15,448 PI cars were registered, accounting for 23.6 per cent of Singapore's total 65,412 registrations thus far. Last year, the PI industry accounted for 14.8 per cent of the Republic's total of 57,589 new registrations.