Sharp increase in people keeping their cars beyond 10 years

In Singapore, some 55 per cent of cars are five years old or younger.
In Singapore, some 55 per cent of cars are five years old or younger.ST PHOTO: LIM YAOHUI

SINGAPORE - The number of motorists who chose to hang on to their old cars instead of buying new ones jumped to more than 17,000 in the first three months of this year, in what is likely to be a quarterly record.

If the growth continues, the number of certificates of entitlement (COE) revalidated this year will exceed last year's record of 37,114.

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