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This growth insight is part of an ongoing quarterly tracker that monitors the trends and the developments in the Singapore automotive market. This study uses multi-level secondary as well as primary sources for data collation. The sources used include country-level official associations/federations, government authorities, country subject experts, and third-party sources (international/regional organizations). This insight offers an overview of Singapore's automotive market and the factors that will influence growth in the short and long terms. The increase in consumer spending from $28,396 (S$ 38,374) million in Q3 2018 to $28,527 (S$ 38,551) million in Q4 2018, has created demand which is expected to drive the overall vehicle sales volume which had seen a decline from Q2 2018 to Q3 2018. The launch of several new vehicle models during the quarter is expected to provide the necessary push to the new vehicle sales in the island country. Electric Vehicle demand is also expected to grow as a result of substantial investments in the field by foreign establishments. The Singapore commercial vehicle industry is likely to face a challenge in terms of declining sales as a result of the decrease in the manufacturing sector on a quarterly basis. Besides this, other challenges include vehicle ownership becoming expensive in the country and the rising inflation costs. This study provides an insight into the market and offers an analysis of the trends in the various segments and sub-segments in Singapore, with a focus on Q4 2018. Research Scope • Assessment of Market Regulations, Growth Indicators, and Forecasts for Q4 2018 for Singapore automotive market. • Assessment of Singapore automotive market including factors such as Total Industry Volume, Segment Volume Share, Passenger Cars’ Sub-Segment Volume Share, Passenger Cars’ Market Share by Brand, Commercial Vehicles’ Sub-Segment Volume Share, Commercial Vehicles’ Market Share by Brand, Market Participant Activities and New Model Launches and Regulation activities for October, November and December (Q4 ) 2018 • Presentation of the findings and conclusions for Singapore for October, November, and December (Q4 ) 2018 Key Questions this Study answers What is the total Automotive Industry Volume in Singapore during the quarter? What are the key segments, their volumes, and market shares during the quarter? What are the market volumes of the various sub-segments? What are the competitor market shares for each segment during the quarter? Which brands are the major gainers and losers? What are the major activities of Market Participants in Q4-2018? What are the Key Regulatory Developments in the market in Q4 months? Target Audience • Automotive OEMs • Automotive Associations • Consultancy Organizations
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