Motor Mouth: When Economics 101 does not apply to S’pore car market

In October, Singapore gets a second BMW dealer – Eurokars Auto – which goes head-to-head with incumbent Performance Motors. PHOTO: EUROKARS GROUP
New: Gift this subscriber-only story to your friends and family

SINGAPORE – In any efficient market, prices fall when competition rises. That is the conventional economic theory.

But this theory does not quite apply in the Singapore car market.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.