Parallel imports flat despite expanding COE quota

Singapore

AFTER the explosive growth of the past three years, the parallel import (PI) industry seems to have hit the brakes driving into 2017.

For the first time since 2013, the number of registrations for parallel import (PI) cars - that is, those not offered by authorised dealers - has fallen, shrinking by 0.9 per cent in the first three months of this year.