Singaporeans will have to brace for increased car prices in 2011 even as it has already seen a steep rise in 2010. Supply of cars in the island state are expected to fall next year with the declining number of certificates of entitlements (COE) due to the lack of deregistrations of cars and government efforts to cut the car population into half. COE supply is seen to fall under 40,000 next year, much lower than the lowest recorded of 40,710 units in 1996. Read full story here.
URL: http://motoring.asiaone.com/Motoring/News/Story/A1Story20101203-250589.html
Tags: car prices, Singapore, new car prices
