The latest certificate of entitlement (COE) bidding exercise, which closed on May 7 2014, saw significant price declines in most vehicle categories, with only the commercial vehicle (CV) segment registering an increase. As the accompanying table highlights, small car COEs (1,600cc and below) saw the biggest fall in prices from SGD71,335 in the previous bidding round to SGD60,002 in this latest round.

BMI Industry View 7

SWOT Analysis 9

SWOT 9

Political 11

Economic 12

Business Environment 13

Industry Forecast 14

      Table: Comparison Of COE Prices (SGD) 14

      Table: Sales Of Top Ranked Brands In 2013 18

      Table: Autos Total Market - Historical Data And Forecasts (Singapore 2012-2018) 21

      Table: Passenger Car Market - Historical Data And Forecasts (Singapore 2012-2018) 21

      Table: Commercial Vehicle Market - Historical Data And Forecasts (Singapore 2012-2018) 22

      Table: Motorcycle Market - Historical Data And Forecasts (Singapore 2012-2018) 22

Suppliers 27

Macroeconomic Forecast 34

Economic Analysis 34

Global Liquidity Conditions Present Risks To Singapore… 36

…But State Of Economy Remains Sound 37

      Table: Singapore - Economic Activity 40

Industry Risk/Reward Ratings 41

      Table: BMI Industry Risk/Reward Ratings - Asia-Pacific Autos 44

Company Profile 45

Company Monitor 45

BMW 49

Toyota 50

Regional Overview 51

Asia Regional Overview 51

      Table: Vehicle Sales March 2014 (Cbus) 51

Global Industry Overview 56

      Table: Passenger Car Sales March 2014 56

European Growth Gathers Momentum 56

Japan Prepares For Tax Fallout 58

China Wobble Adds To BRIC Weakness 59

Demographic Forecast 62

      Table: Singapore's Population By Age Group, 1990-2020 ('000) 63

      Table: Singapore's Population By Age Group, 1990-2020 (% of total) 64

      Table: Singapore's Key Population Ratios, 1990-2020 65

      Table: Singapore's Rural And Urban Population, 1990-2020 65

Methodology 66

Industry Forecasts 66

Sector-Specific Methodology 67

Sources 67

Risk/Reward Ratings Methodology 68

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 69

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