Singapore Autos Report - Business Monitor International - Industry Reports

Singapore Autos Report

Singapore Autos Report - Business Monitor International - Industry Reports
Singapore Autos Report
Published Aug 27, 2016
30 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

...In ----, it registered --,--- new passenger cars, according to the Land Transport Authority (LTA). ...The government is geared towards a car-light nation and is investing heavily in public transport, such as rail. The result of the government s move to reduce vehicle ownership, along with the high costs associated with owning a vehicle, will keep the replacement peak level of ---,--- units of ---- below the previous peak level of ---,--- units in ----. Another noteworthy trend is that the weakness in the Japanese yen which continues to contribute to the strong performance of many of the Japanese brands as it helps to make imports cheaper. ...In October ----, the LTA announced that it would cut the vehicle sales growth rate from -.- to -.-- from February ---- to January ----. In addition to that, the authorities will also reduce the allocation of COEs to Category E. As shown in the table below, COEs issued are grouped into five categories, with the open category (Category E) being COEs that can be used for any vehicle type.

...Passenger vehicle sales are forecast to grow --.- in ---- as a large fraction of the national fleet of passenger vehicles near their ---year validity period. Passenger vehicle sales will thus experience growth due to vehicle replacement as vehicles are scrapped, COEs de-registered and new ones bought. We forecast the replacement process to peak in ---- with passenger vehicle sales growing to ---,--- units by year-end before beginning a period of decline over the rest of our five year forecast period of ---------. Although the government is directing investment into the expansion of public transport infrastructure in an attempt at easing congestion in the city, these projects are not set to come online in our forecast period of --------- and therefore will not have any significant negative impact on passenger vehicle sales. Commercial vehicle sales, having reached its peak in ----, will contract -.- in ---- and at an annual average decline of --.- over ---------. ...The motorcycle segment, as with the passenger vehicle and commercial vehicle segments, follows a trend driven by the COE system, de-registrations, and scrapping of motorcycles over the age of -- years. Most of the support offered to motorcycle sales will come from the high price of COEs which will make the costs associated with owning a motorcycle cheaper than that of a passenger vehicle.

...Total vehicle sales are forecast to grow --.- in ---- reaching a peak before beginning a period of decline over the rest of our forecast period of ---------. The vehicle market in Singapore follows a cycle which is driven by the age limits placed on vehicles and the COE (Certificate of Entitlement) system. ...The vehicle market in Singapore follows a cycle which is driven by the age limits placed on vehicles and the COE (Certificate of Entitlement) system. The forecasted growth in total vehicle sales is largely due to the de-registration of COEs, the scrapping of vehicles older than -- years, followed by the purchase of new vehicles and COEs. The slowdown in China and the subdued global outlook will hinder total vehicle sales preventing it from reaching its peak levels of ---,--- units in ---- over our --------- forecast period. ...

  
Source:
Document ID
1749-0146
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Singapore Autos Report" Aug 27, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Singapore-Autos-Report-2026-10>
  
APA:
Business Monitor International - Industry Reports. (2016). Singapore Autos Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Singapore-Autos-Report-2026-10>
  
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