Persistently rising premiums have impacted motor traders, car owners and private hire drivers, among others. Read more at straitstimes.com.
Motor dealers had expected that 2022 and 2023 would be difficult years, with fewer COEs available than in previous years.
SINGAPORE - A “cheap” car has become increasingly rare these days, and it is not just because of rising certificate of entitlement premiums. Some smaller mass-market models are vanishing from showrooms. Motor dealers are not keen to hold stock for such cars, which are becoming harder to sell as their high sticker price due to surging COE premiums makes them too expensive for the typical mass-market car buyer.Easy access any time via ST app on 1 mobile deviceResend verification e-mail
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