The performance marque delivered an impressive 663 units in Singapore last year, with its electric and plug-in hybrid models comprising 59% of the share.
The marque attributed its growth to the widespread distribution and geographic balance of its markets, reflecting the solidity of its business strategy.
Effectively a one-time increase, the COEs will be progressively injected across all vehicle categories over the next few years, starting from February 2025.
The LTA has announced that it will retain the current vehicle growth rate of 0% until 31 January 2022, given the current uncertainty of travel demand.
Starting in February next year, the growth rate for the car and motorcycle population will drop from 0.25 to zero percent.
Premium carmaker Volvo Cars has unveiled a new manufacturing strategy for China in which production capacity will be increased.
Senior Minister of State for Transport Josephine Teo said yesterday that the vehicle growth rate in Singapore is likely to be reduced to zero.
The cut in vehicle growth rate will be cushioned by the bumper crop of cars being deregistered over the next few years.
Motor Traders Association proposes annual COE supply cap to LTA and believes Government can still fulfil annual growth rate of 0.5 percent.
LTA implements measures to smoothen the transition to the reduction in vehicle growth rate, for a more gradual change.
The Land Transport Authority (LTA) has completed its vehicle growth rate review, and will cut vehicle growth rate progressively for the next three years
Sales in April up over 2.9 percent, while A4 Avant debuts in Europe. Over 36,000 A5s sold in first year. Further predicted growth in Q2.