Tengshi cars sold in China have entered Singapore! 1.6 million vehicles, five times more expensive than domestic ones ~
My goodness! Everyone knows that the price in Singapore is high, but who knew it was so high!
Tengshi D9 MPV, which has been sold explosively in China in the past two years, has finally entered Singapore, and its price in Singapore is 1.57 million RMB, five times that in China!
Xpeng Motors, a "Tesla killer" who is also a domestic car, sells for six times as much in Singapore as in China!
Why are domestic cars in Singapore priced so high? Today, know-it-all will talk to everyone ~
The number one MPV in domestic sales is D9.
The price in Singapore is as high as 1.57 million RMB.
Five times that of China!
Domestic cars are really expensive to sell in Singapore!
Today, on my way to work, the know-it-all actually saw the MPV that has been sold explosively in China in the past two years, and it is a great success.
In the first half of 2024, Tengshi D9 ranked first among MPV models in terms of sales volume with 52,990 vehicles.
In China, the low-priced version of D9 is about 320,000 RMB.
That know-it-all is a little curious. How much does this car cost in Singapore?
As the saying goes, if you don’t search, you don’t know. If you search, you will be shocked!
The price of D9 in Singapore is as high as about S $290,000 (about 1.57 million RMB), which is five times the domestic price!
Is it so easy for Singaporeans to make money?
The domestic price of the same MPV in Erffa is 900,000 RMB.
Singapore sells for 1.5 million RMB.
It is 70,000 RMB cheaper than Tengshi D9 at the new price.
Let’s take a look at Toyota Erffa, who is also a business MPV.
In China, the price is as high as 900 thousand RMB, and even many people think that this is collecting IQ tax!
So what’s the price of Erffa in Singapore?
Know-it-all checked, and the cheapest one only costs S $277,000 (about 1.5 million RMB), which is 600,000 RMB more expensive than that in China.
But compared with Tengshi D9′ s RMB 1.57 million, it is much cheaper!
Who would have thought that one day, the Buel law sold by domestic Tengshi D9 would cost 70,000 RMB?
"Tesla killer" Tucki G6
Singapore sells for 1.3 million RMB.
Only 200,000 RMB is sold in China.
In fact, domestic cars are really not cheap to sell in Singapore!
Macaroni Do you remember Xpeng Motors, who was called "Tesla Killer"?
Some time ago, it also entered the Singapore market, and the car leading the brand was the G6 coupe SUV!
Source: car home.
The price of G6 is as high as S $240,000 (about RMB 1.3 million), but the price of G6 in China is only RMB 200,000. It’s more than six times worse!
Singapore know-it-all
BYD ranks first in sales in Singapore.
12 times that of Tesla.
Believe it or not, the best-selling car in Singapore is actually a domestic BYD!
In February 2024, BYD sold 424 cars in Singapore, accounting for 17.6% of the total car sales!
In other words, one out of every six people who bought a car in Singapore in February bought BYD.
Toyota, which used to be the top seller, only sold 382 vehicles; Tesla only sold 33 cars, less than one twelfth of BYD’s.
You know, BYD’s sales share in China is only 17%. In this way, Singaporeans like BYD more than China people ~
Even netizens in Podao spoke online: There are more and more BYD on the road in Singapore, and Singaporeans prefer BYD when changing cars.
BYD’s car is RMB 850,000 plus.
It is six times that of BYD in China.
Having said that, I have to say BYD’s big hand.
In 2023, BYD opened two stores in Singapore, selling rice and cars at the same time, but it put out advertisements.
ATTO 3 model is very popular in Singapore, and this model corresponds to Yuan PLUS in the domestic market.
In view of Singapore’s control over traffic and vehicles, buying a car is not cheap at all.
BYD ATTO 3 sold for S $158,000-S $180,000 (about RMB 850,000-970,000) in Singapore.
Looking back at the price of China BYD PLUS, it is about 140,000-168,000 yuan. Buying BYD of the same grade in Singapore costs six times as much as that in China!
Singapore has a car license of 500,000 RMB.
Can buy 3 yuan PLUS in China
Why are cars so expensive in Singapore? Because "license plate" is expensive!
As the saying goes, "A house in Singapore is not a trench, but a car is a trench. "This is not for nothing. Not only is the car expensive, but even the prerequisite for buying a car: owning a car license is also outrageous.
If you want to buy a car in Singapore, you must first get a car ownership certificate (COE). This card only allows you to buy one car. If you want to buy a second car, you have to buy a new card, and the car license is only valid for 10 years. If it expires, it will be invalid!
What’s more, the price of a car license is not low.
The first round of public bidding for car license in December showed that the price of small and medium-sized car groups (Group A) meeting the needs of the public rose by S $4,111 to S $94,000 (about 500,000 RMB). You can buy 3 yuan PLUS cars in China!
With this card alone, Singapore’s income in 2023 was S $4.66 billion (about RMB 25 billion).
Singapore luxury car tax increases by 320%
Collect 14 billion car tax a year!
Plus 9% consumption tax (it will become 10% next year), hundreds of thousands of additional registration fees ARP, electronic road fees ERP, insurance road taxes, etc., it is not a small sum.
In particular, Singapore raised the luxury car tax rate in February last year, and all cars with a CIF value exceeding S $40,000 have to pay a higher additional registration fee. Among them, the additional registration fee will be raised from 220% to 320% for the part where the insurance premium exceeds S $80,000.
Taking gasoline, parking, road tax, electronic road toll (ERP), insurance and routine maintenance into consideration, the average annual expenditure is also $9,000.
In terms of car tax alone, Singapore will earn S $2.6 billion (about RMB 14 billion) in 2023!
In 2023 alone, Singapore earned S $7.26 billion (about RMB 39.1 billion) by car license+car tax, accounting for 7% of the government’s regular revenue.
Not to mention this year, according to the forecast of the Ministry of Finance of Singapore, in 2024, the car license can sell S $4.72 billion, and the car tax revenue is S $2.84 billion, totaling S $7.56 billion (about RMB 40.7 billion)!
Therefore, those who can afford imported cars and car licenses in Singapore are naturally rich ~
Since he is a rich man, he will be "slaughtered" severely. Car license+car tax +GST will eventually lead to the price of domestic cars in Singapore being several times that of domestic cars!
Know-it-all, as a local, is not surprising, but when domestic friends heard that Singapore’s RMB PLUS sold for 850,000 RMB, they were all dissuaded by this price. ……
What do the macaroni people think about this matter? Welcome everyone to leave a message in the comment area ~