Used cars assume shine with tight COE supply

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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.