Car dealers muscling into used-car business

The move by major car dealers is in response to the shrinking supply of COEs. PHOTO: ST FILE
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SINGAPORE - In response to a shrinking supply of certificates of entitlement (COEs), major car dealers are reeling in used car businesses previously done with third-party partners in a multimillion-dollar revamp designed to shore up revenue.

For the majority of those partners, the payouts and timing are a welcome cash-out in their senior years.

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