Going by the first seven months, sales of used cars this year could turn out to be among the highest in a decade as consumers turn to the secondary market because of a shrinking supply of certificates of entitlement (COE).
According to Land Transport Authority figures, this year's sales volume is poised to overtake last year's. The average monthly transactions from January to July was 8,009 - up from 6,706 last year and 7,693 in 2019.
Already a subscriber? Log in
Dive deeper at $0.99/month
Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.
ST One Digital Package - Monthly
$9.90 $0.99/month
No contract
$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
2-week e-paper archive so you never miss out on any topic that matters to you
