MINI is preferred in Hong Kong |
I used to think that Singapore residents bought more premium and luxury cars than anywhere else, certainly in Asia. This list contradicts that. First of all the cities are very similar in many ways. Car ownership has challenges in both city states. Singapore has a particularly unusual way of controlling car ownership, although it seems effective. I thought that would favour it in this comparison.
For size of the car markets, the ratio is 1:1.28 or 100 Singapore car sales to 128 in Hong Kong. So while not dissimilar in size, HK is slightly bigger. The yellow segment shows which marques are favoured in Singapore and blue for Hong Kong.
First we look at premium cars. The volume sellers are in Hong Kong's side and that would make them the bigger buyers of this type of vehicle. Jaguar and Volvo are more popular in Singapore while German brands more so in HK.
Brand | Hng Kng | Singapore | Ratio | |
Jaguar | 121 | 341 | 0.35 | |
Volvo | 341 | 910 | 0.37 | |
Alfa Romeo | 30 | 35 | 0.86 | |
Land Rover | 368 | 299 | 1.23 | |
Mercedes | 6,200 | 4,651 | 1.33 | |
Infiniti | 135 | 91 | 1.48 | |
BMW | 4,912 | 3,247 | 1.51 | |
Audi | 3,017 | 1,565 | 1.93 | |
Porsche | 924 | 375 | 2.46 | |
MINI | 725 | 193 | 3.76 | |
Maserati | 310 | 56 | 5.54 |
It becomes clear when addressing luxury marques that Hong Kong is the
luxury car capital of Asia. All are bought more often in HK, even
allowing for the ratio difference. Only Bentley goes close to the cut
off point of 1.28.
Brand | Hng Kng | Singapore | Ratio | |
Bentley | 97 | 70 | 1.39 | |
Mclaren | 21 | 11 | 1.91 | |
Rolls Royce | 40 | 19 | 2.11 | |
Ferrari | 71 | 31 | 2.29 | |
Lamborghini | 35 | 10 | 3.50 | |
Aston Martin | 24 | 4 | 6.00 |
Data source: HK MTA and Singapore LTA.
A large win for Singapore with Volvo |
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