THE global financial crisis appears to have put the brakes on sales of second-hand cars, which had been motoring along nicely since the beginning of the year.
A check with 10 used-car dealers found that potential buyers were shying away from showrooms, and sales had dropped by as much as half last month.
'Customers are taking a wait-and-see attitude. It's like everyone is on hold since the financial crisis started,' said Mr Jerry Ong, owner of Auto Inn.
Read Yeo Ghim Lay and Ben Nadarajan's full story in Thursday's edition of The Straits Times.
