Slower economy, high prices boost demand for old cars
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Singapore
THE sluggish economy and high new car prices are forcing some motorists to turn to older and less expensive cars, say dealers, and this is keeping revalidations of car certificates of entitlement (COEs) high - something that isn't good news for subsequent COE quotas.
New COE quotas depend mainly on COEs recycled from cars which are deregistered before they reach 10 years of age.
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