Buyers in Singapore turn to used cars as supply of new cars constricts further

1 month ago 21

Senior Transport Correspondent

SINGAPORE - Demand for used cars is poised to grow as the supply of new cars tightens on the back of a small certificate of entitlement (COE) quota and now, delays in vehicle production.

Car manufacturers facing supply chain disruptions such as plant closures, labour shortage and insufficient shipping capacity since the Covid-19 pandemic started two years ago are now facing another dampener - the war in Ukraine, a major supplier of automotive components.

Already a subscriber? Log in

ST One Digital Package - Monthly

$9.90 $0.99/month

No contract

$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Read Entire Article