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Motor traders dangle discounts as COE prices slide

Published on May 9, 2014 6:20 AM
 
At least four major traders here have cut prices for Category A cars with engine capacity of up to 1,600cc, a check by The Straits Times showed yesterday. -- ST FILE PHOTO: LAU FOOK KONG

Some motor traders are offering discounts of up to 17 per cent to entice buyers while certificate of entitlement (COE) prices for small cars are at a 21-month low.

At least four major traders here have cut prices for Category A cars with engine capacity of up to 1,600cc, a check by The Straits Times showed yesterday.

Volvo, for instance, is selling its popular V40 Turbodiesel at $119,999, at a discount of about 8 per cent, or $10,000, compared to its price at the previous COE tender.

Visits to Volvo's showroom have gone up by about 50 per cent since Tuesday's COE tender, which is "good for a weekday", said Mr Victor Kwan, managing director of Wearnes Automotive.

 
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