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Car sales boost retail sales again in Nov

Excluding cars, retail sales would have actually fallen 2% year-on-year

It was no surprise that the second bidding exercise for January saw the certificate of entitlement (COE) premium for small cars rebounding strongly.


CAR sales continued to rev up retail sales in November, single-handedly pulling up the overall index in year-on-year terms.

Thanks to a massive 59.7 per cent jump in motor vehicle sales, retail sales grew 4.7 per cent, according to data released by the Department of...