2011 tally represents the lowest point in a decade for the parallel imports (PI) trade. Mirroring the situation for official imports, when COE premiums rise because of the tighter supply, premium brands gain in popularity with BMW and Mercedes-Benz PIs racing ahead of the pack.
BMW cars sold 668 cars collectively in 2011 while PI runner-up, Mercedes-Benz, sold 451 units.
Toyota, which is Japan's top carmaker and once the traditional best-selling marque in both the official and grey markets here, had to settle for third place - the first time since data was made available nine years ago.
Honda PIs (171 units) were sandwiched between two other German luxury marques - Audi (205) and Porsche (111), while mass market brand Volkswagen's 62 PI units trumped Nissan's 27.
ORIGINAL SOURCE
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