Sunday, August 23, 2009

More turning to used cars

USED cars are getting more popular, as prices of new cars rise with certificate of entitlement (COE) premiums going up in recent months.

Latest data from the Land Transport Authority shows 18,539 cars changed hands in the first seven months of the year - the highest in recent years.

Used car traders expect sales, which have been rising consecutively since 2006, to continue growing, as COE supply is expected to shrink in coming years.

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