New Market Research Report: Singapore Autos Report Q2 2011

March 24, 2011 - PRLog -- A reduction in the number of Certificates of Entitlement (COE) available for vehicle purchases in 2010 has inevitably led to a marked decline in vehicle sales and also pushed up prices. With COE prices expected to rise further before another anticipated cut in availability early in 2011, BMI had already revised sales forecasts for most vehicle segments down for 2010. The small car segment has been hardest hit by the soaring COE prices, as the certificates take up a large proportion of the overall purchase price. This was reflected in year-end sales, with a decline of 44% year-on-year (y-o-y).

We forecast average segment growth of 11% for 2011-2015, although this would still leave the segment far below the 2009 level, which was itself the lowest since 2003, when Motor Transport Association (MTA) records began. Average growth of 5.5% is forecast for the larger car segment over the five-year period, but company data are showing that higher COE prices are playing into the hands of premium carmakers as it is the more affluent consumers who can absorb the higher costs.

Toyota and Lexus total vehicle sales were down 60.54%, which took their market share down to 11.35%. However, after a see-saw battle throughout the year, BMW pipped Mercedes-Benz by just three units to return to second place with growth of 19.92% and a market share of 7.72%. Mercedes recorded growth of 17.71% to take its market share to 7.71%.

The motorcycle segment is also benefiting from the higher COE prices, which are forcing consumers back to cheaper forms of transport. The hike in motorcycle COE costs has also been far lower than other categories. Although segment sales are down y-o-y, it was far less pronounced than the four-wheel segments, ending 2010 with a decline of just 6.78%. However, the motorcycle segment is at a disadvantage, as the 25% of COEs transferred to the Open category (which can be used for any vehicle segment) when vehicles are de-registered will be too expensive to warrant using them to buy a bike.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/127258_singapore_autos_report_...


Report Table of Contents:

SWOT Analysis
- Singapore Auto Industry SWOT
- Singapore Political SWOT
- Singapore Economic SWOT
- Singapore Business Environment SWOT
Global Overview
- BMI's Core Views For The Automotives Industry
Business Environment Ratings
- Table: Business Environment Ratings -- Auto Industry Asia Pacific
Asia Pacific Regional Overview
- Rare Opportunities in Asia If EV Use Takes Off
Industry Forecast Scenario
- Table: Singapore - Automotive Sector Registered Vehicles: Historical Data And Forecasts (CBUs)
- Industry Developments
- Competitive Landscape
- Singapore: Top 20 New Vehicle Registrations By Company, 2010
Macroeconomic Outlook
- Table: Singapore - Economic Activity, 2008-2015
Company Monitor
- GM's ASEAN Focus Begins To Pay But Still Work To Do
Company Profiles
- Toyota Motor
- BMW
BMI Forecast Modelling
- How We Generate Our Industry Forecasts
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.