Recently Released Market Study: Singapore Autos Report Q4 2012
Following the news that taxis will be removed from the bidding process for Certificates of Entitlement (COEs) to purchase vehicles in Singapore, BMI believes there will be little immediate positive impact on passenger car sales as the number of COEs will remain the biggest issue. The government is still on course to proactively slow the market's rate of growth over the next two to three years as cuts in the number of COEs available drive up prices.
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