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http://motoring.asiaone.com/Motoring/News/Story/A1Story20101203-250589.html
Fri, Dec 03, 2010
AsiaOne
Car prices to go even higher for 2011
CARS will be more expensive in the coming months even after their prices have soared by $20,000 to $30,000 in the last year, the Straits Times newspaper reported on Friday.
This is attributed to an impending shrinking in the supply of certificates of entitlement (COE) which in turn affects the supply of cars.
The report mentioned that the cost of a popular car like the 1.6-litre Toyota Corolla Altis shot up to $89,488 this year, up from $67,988 a year ago. A 1.8-litre Audi A4 rose from $140,200 to $170,200.
According to the report, COE supply could fall below 40,000 pieces for 2011. That would make it the lowest number of COEs available since the COE system started in 1990.
The fall is the result of a lack of deregistrations of cars on the road and the Government halving the allowable growth rate of the car population in Singapore, the report said.
The report also mentioned that the smallest COE supply available was in 1996. 40,710 pieces were released.
If you are considering to buy a car, would you rather make your purchase now or wait out the supply cut? Send in your comments to [email protected]
Fri, Dec 03, 2010
AsiaOne
Car prices to go even higher for 2011
CARS will be more expensive in the coming months even after their prices have soared by $20,000 to $30,000 in the last year, the Straits Times newspaper reported on Friday.
This is attributed to an impending shrinking in the supply of certificates of entitlement (COE) which in turn affects the supply of cars.
The report mentioned that the cost of a popular car like the 1.6-litre Toyota Corolla Altis shot up to $89,488 this year, up from $67,988 a year ago. A 1.8-litre Audi A4 rose from $140,200 to $170,200.
According to the report, COE supply could fall below 40,000 pieces for 2011. That would make it the lowest number of COEs available since the COE system started in 1990.
The fall is the result of a lack of deregistrations of cars on the road and the Government halving the allowable growth rate of the car population in Singapore, the report said.
The report also mentioned that the smallest COE supply available was in 1996. 40,710 pieces were released.
If you are considering to buy a car, would you rather make your purchase now or wait out the supply cut? Send in your comments to [email protected]
