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Singapore Car Market You Should Know

Buy Used Cars in Singapore

Category• Buying used Car in Singapore

• Singapore Car Market

• Singapore Automobile

• First automobile Singapore

• Automobile Insurance Quote

• It is a fact that the prices of new cars in Singapore went up but the sales went down due to the high price of cars.

• Though the cars may seem affordable, people do not want to buy because of the complicated processes that they must go through just to be able to own one.

• The Singapore government wants Singapore to be a car less country; this is because of the traffic jam that they are experiencing at the moment.

• On the other hand, people are unhappy because they are having a hard time in registering their newly bought car and the price of the insurance is too high as well.

Singapore Car Market You Should Know

• According to a data around 560,000 individuals own a car from 1.25M households in Singapore. But business men protests because their cars are parked the entire day at their respective offices so they do not actually cause traffic within the day while they are at work.

• Singapore car market resulted in Singapore being 1 of the second exporter of used cars in the world next to japan.

• They have around one hundred thousand cars exported yearly. Cars are being exported to different countries in the world like Africa and Asia.

• They have become the number one exporter of used cars due to the fact that their government is into car reduction with the high cost of COE & PARF.

• These 2 are represented by eighty percent of the price of medium cars like Honda Accord. With COE & PARF being less expensive previously, in a lot of instances the drop yearly in these 2 rebates starts to become important when compared with the pre-tax or OMV of a new car.

• One of the most practical ways to own a car is to keep it for the longest time until the cost of the repair exceeds the cost of the depreciation of the new car or the cost of the financing.

• Car brands are usually sold by a sole company though there are also dealers that are selling the same brand of cars.

• Some dealers have more than one brand compared to western countries that are selling the same brands.

• The size of the Singapore market is somehow limited to some brands and there are brands that are being offered by other countries that are not available in Singapore.

• Compared to Australia where you can find US Honda accord and the Honda accord in Japan, you can only find the Japanese Honda Accord in Singapore.

• There are some other brands being offered there like Saab & Volvo but you can only buy them in Automatic transmission and they do not have manual transmission for these cars.