Recently Released Market Study: Singapore Autos Report Q2 2013
We believe the latest strength in Certificate of Entitlement (COE) prices showcases the strong demand for vehicles, a trend which we expect to continue. With the number of motor vehicle registrations crossing the 1mn mark earlier this year, Singapore's fleet size has grown about 30% since 2005. However, neither the high prices of COEs nor the greater congestion on roads has deterred consumers from wanting to purchase a car.
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