Singapore Sales Slow Further

New vehicle sales for the first three months of 2007 suggest that growth in Singapore may be slowing still further. BMI's recently published Singapore Automotives Report shows that new registrations in 2006 of 149,083 units showed a continuation of the trend towards slower growth, falling from 10% in 2005 to 2.77% in 2006. The deceleration in the market was compounded in the year to March, as sales in Q107 were 10% lower y-o-y. As a result, BMI retains its lowered forecast for the remainder of the period, now extended to 2011, by which time we expect new registrations to be

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