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Automotive Report Singapore

  • ID: 2101486
  • Report
  • February 2021
  • Region: Singapore
  • 13 Pages
  • The Economist Intelligence Unit
The automotive industry makes a small contribution to Singapore's economy, mostly through the manufacture of automotive electronics and other components. All vehicles are currently imported, particularly from Japan.

The coronavirus (Covid-19) outbreak and the imposition of travel restrictions to contain the pandemic continue to hit demand for vehicles. This led to a 38.6% decline in new-car sales and a 29.9% decline in sales of commercial vehicles (CV) and buses in 2020, according to the Department of Statistics and the Land Transport Authority (LTA).

The number of daily coronavirus cases has now declined sharply, and most travel restrictions have been relaxed. In 2020 the government rolled out a stimulus package of S$108bn (US$80bn) to boost the economy. Although there was nothing specific for the automotive sector, a recovery began in August 2020, when new-vehicle sales rose on a year-on-year basis.

Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles, Automotive, Production
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
Note: Product cover images may vary from those shown
Automotive Report Singapore

Automotive report: Overview

Automotive report: Passenger cars

Automotive report: Commercial and other vehicles

Automotive report: Production

Automotive report: Fuel sources
Note: Product cover images may vary from those shown
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