Car Expo sales rev up on bigger COE supply, demand for China EVs
The upcoming 3.6 per cent bump-up in the COE supply may have spurred buyer action, say dealers
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CAR dealers ran up better sales at The Car Expo held earlier this month than in the April edition of the twice-yearly event, with business boosted by new China entrants to the market and continued interest in electric vehicles (EVs) and sport utility vehicles (SUVs).
Though Certificate of Entitlement (COE) premiums were higher in October than in April, an expected fall in premiums – when the COE supply goes up from November – may also have spurred buyers, said dealers.
The automotive consumer show on Oct 5 and 6 was organised by SPH Media, which publishes a stable of newspapers, including The Business Times.
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