29 Jun '12, 10pm

#TODAYilearnt More than 40% of new cars bought in Singapore are German luxury rides

SINGAPORE - Never mind Euro 2012, Germany is scoring big on local roads. More than 40 per cent of new cars registered here this year have been from Audi, BMW or Mercedes-Benz, the "Big Three" German luxury brands. In fact, registration figures from the Land Transport Authority from January to May show that when it comes to cars, luxury sells. Of the 10 best-selling brands here (see table), five are luxury nameplates (if you include Volvo). The Japanese marques that used to dominate local car sales have just two representatives in the top 10, with Toyota in third place (with 1,633 registrations, including Lexus) and Nissan in ninth (332). Indeed, the top 10 is rounded off by Porsche, the premium sportscar maker whose cheapest car costs $218,210 without a Certificate Of Entitlement (COE). That means that, so far this year, Porsche has sold more cars in Singapore than any of ...

Full article: http://www.todayonline.com/Cars/EDC120630-0000013/Drivers...

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