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Interest in used cars returns - for now

Buyers flock to dealerships after MAS suspends loan curbs for 60 days

Published on Apr 7, 2013 6:00 AM
 
Sales are picking up for used-car dealers, a day after the Government temporarily suspended its loan restrictions on some second-hand vehicles. -- ST FILE PHOTO: NURIA LING

Sales are picking up for used-car dealers, a day after the Government temporarily suspended its loan restrictions on some second-hand vehicles.

More people turned up at used-car centres across the island, hoping for a good deal.

Used-car dealerships in Turf City, Commonwealth and Ubi told The Sunday Times that the number of shoppers rose by at least 50 per cent. And they were not just browsing.

A check with 10 dealers found that they sold between one and three cars yesterday, a far cry from a month ago when sales all but dried up despite some sellers slashing prices by a third.

 
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