Market intelligence, trend analysis and forecasts for the Automotives industry across the regions

Industry / Singapore

Economic Growth Boosts Premium Car Sales, But Volume Brands Lag

February 2011 | Industry Trend Analysis

Singapore's record economic growth of 14.5% in 2010, according to revised government data, has created a perfect environment for premium car brands such as BMW and Mercedes-Benz to thrive, although the overall vehicle market contracted 31.4% year-on-year (y-o-y).

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