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Over 1 in 5 cars registered in Q1 a private-hire vehicle

Car distributors flag concerns about rising COE premiums as well as fate of private car ownership and taxi operators

Published Wed, May 24, 2017 · 09:50 PM

Singapore

MORE than one out of every five new cars registered in Singapore so far this year was a private-hire vehicle, leaving some car distributors worried about the fate of private car ownership.

In the first three months of this year, 5,100 private-hire or rental cars were registered (see table), accounting for 22.9 per cent of the total 22,315 new cars put on the road in the first quarter.

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