Parallel imports hit 24% of 65,412 cars registered
Honda Vezel again the top model among PI cars and overall as well, with 3 months to go
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.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself