02 Feb 2015
Higher Demand and Prices for Pre-owned Cars Amid High COE Premiums
It has been reported by car dealers that used cars with a statutory lifespan validity of about one to two years left have increased in demand by about 70% when compared to 2014.
The increase in demand was explained to be caused by the high COE premiums for new cars, resulting in prices for used cars to increase by 15%.
More customers are also observed to be shopping for cars currently as compared to past years where activity would only be seen after the Lunar New Year.
*Source : Channel News Asia