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As the proud owner of a Mercedes Benz S 65 AMG, I am happy to observe that the quality of cars in Singapore has improved by leaps and bounds. There are more luxury brans cars on the road, more Mercedes, Ferraris, Lambos, Rolls-Royce, Porsche, BMWs, Audis etc and less cheapo brands like Toyota, Honda, Hyundai, Kia. This is good news for Singapore as tourists visiting Singapore will know that our country can be as good, if not better, than Monte Carlo. I hope the govt will further increase the COEs so that only the premium cars will be seen on the roads.
Already, these brands, ranging from BMW, Mercedes-Benz and Audi to Porsche, Ferrari, Lamborghini and Rolls-Royce, are poised to garner about 46 per cent of sales this year.
High-end cars winning market race as COE supply shrinks
Higher COE prices and tighter supply help drive up sales
Published on Dec 3, 2011
Porsche and other luxury cars in the showroom at Sungei Kadut. Already, these brands, ranging from BMW, Mercedes-Benz and Audi to Porsche, Ferrari, Lamborghini and Rolls-Royce, are poised to garner about 46 per cent of sales this year. --ST PHOTO: TED CHENBy Christopher Tan, Senior Correspondent
Premium brands are expected to account for more than half of new car sales next year as the certificate of entitlement (COE) supply shrinks to an all-time low and prices remain high.
Already, these brands, ranging from BMW, Mercedes-Benz and Audi to Porsche, Ferrari, Lamborghini and Rolls-Royce, are poised to garner about 46 per cent of sales this year.
This is up from 33 per cent last year and below 10 per cent in the past several decades.
Audi Singapore managing director Reinhold Carl predicted: 'The premium brands will account for more than half of new car sales next year.'
Already, these brands, ranging from BMW, Mercedes-Benz and Audi to Porsche, Ferrari, Lamborghini and Rolls-Royce, are poised to garner about 46 per cent of sales this year.
High-end cars winning market race as COE supply shrinks
Higher COE prices and tighter supply help drive up sales
Published on Dec 3, 2011
Porsche and other luxury cars in the showroom at Sungei Kadut. Already, these brands, ranging from BMW, Mercedes-Benz and Audi to Porsche, Ferrari, Lamborghini and Rolls-Royce, are poised to garner about 46 per cent of sales this year. --ST PHOTO: TED CHENBy Christopher Tan, Senior Correspondent
Premium brands are expected to account for more than half of new car sales next year as the certificate of entitlement (COE) supply shrinks to an all-time low and prices remain high.
Already, these brands, ranging from BMW, Mercedes-Benz and Audi to Porsche, Ferrari, Lamborghini and Rolls-Royce, are poised to garner about 46 per cent of sales this year.
This is up from 33 per cent last year and below 10 per cent in the past several decades.
Audi Singapore managing director Reinhold Carl predicted: 'The premium brands will account for more than half of new car sales next year.'