Rental car registrations up more than 25% in first half of 2022

Among the rental cars, registrations for those used to provide ride-hailing services rose by 8.4 per cent. PHOTO: ST FILE
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SINGAPORE - A total of 4,337 new cars were registered for private hire in the first half of 2022, a 25.4 per cent increase from the same period in 2021.

With the total number of new car registrations in the same period down by 35.2 per cent from 25,678 to 16,640, new rental cars are taking up an increasing share of a markedly shrinking pie.

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