diff --git a/distribution/changelog.txt b/distribution/changelog.txt
index 236dcfdfe2..9480598377 100644
--- a/distribution/changelog.txt
+++ b/distribution/changelog.txt
@@ -7,6 +7,7 @@
 - Fix: [#5579] Network desync immediately after connecting.
 - Fix: [#6006] Objects higher than 6 metres are considered trees (original bug).
 - Fix: [#7884] Unfinished preserved rides can be demolished with quick demolish.
+- Fix: [#8537] Imported RCT1 rides/shops are all numbered 1.
 - Fix: [#8873] Potential crash when placing footpaths.
 - Fix: [#8882] Submarine Ride does not count as indoors (original bug).
 - Fix: [#8900] Peep tracking is not synchronized.
diff --git a/src/openrct2/rct1/S4Importer.cpp b/src/openrct2/rct1/S4Importer.cpp
index 920eeaea8f..0e61e26db1 100644
--- a/src/openrct2/rct1/S4Importer.cpp
+++ b/src/openrct2/rct1/S4Importer.cpp
@@ -198,6 +198,7 @@ public:
         ImportSavedView();
         FixLandOwnership();
         CountBlockSections();
+        SetDefaultNames();
         determine_ride_entrance_and_exit_locations();
 
         // Importing the strings is done later on, although that approach needs looking at.
@@ -789,10 +790,6 @@ private:
                 }
             }
         }
-        if (dst->name == 0)
-        {
-            ride_set_name_to_default(dst, rideEntry);
-        }
 
         dst->status = src->status;
 
@@ -2979,6 +2976,24 @@ private:
             }
         }
     }
+
+    /**
+     * This has to be done after importing tile elements, because it needs those to detect if a pre-existing ride
+     * name should be considered reserved.
+     */
+    void SetDefaultNames()
+    {
+        ride_id_t i;
+        Ride* ride;
+        FOR_ALL_RIDES (i, ride)
+        {
+            if (ride->name == 0)
+            {
+                auto rideEntry = get_ride_entry(ride->subtype);
+                ride_set_name_to_default(ride, rideEntry);
+            }
+        }
+    }
 };
 
 std::unique_ptr<IParkImporter> ParkImporter::CreateS4()