Singapore tops Asia Auto Sales Risk/Reward Index

The country scored 87.1.

The Lion City ranked first in the Fitch's Solutions' Asia Auto Sales Risk/Reward Index with a score of 87.1, out of a possible 100.

Two other Oceanic countries, Australia and New Zealand, also joined the rankings.

Despite this, however, the overall region reported a slightly weakened performance of 50.9 out of a possible 100. This was done from the previous report of 51.4.

According to Fitch Solutions, the region still offers a mix of high growth risks, whilst also offering high volume and well-developed markets with lower risks. Japan, Singapore, South Korea, Taiwan, and China were highlighted as developed countries that offered such.

The main factor for this, the study says, is the semiconductor shortage affecting markets on a global scale. Meanwhile, increased demand for electric vehicles is expected to aid the growth of the region’s sales into 2022.

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