Will car prices in Singapore rise with continued chip shortage?

Local trade minimally affected for now as some car companies see sales volume fall but profits rise on higher margins

Published Mon, Sep 20, 2021 · 05:50 AM

Singapore

THE ongoing semiconductor shortage may be putting the brakes on car production around the world, but many in the motor trade in Singapore say that business is only minimally affected for now.

And as scarcity helps carmakers to raise prices, inflation could eventually hit the car market.

KEYWORDS IN THIS ARTICLE

Mercedes

BMW

semiconductors

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Companies & Markets

Will car prices in Singapore rise with continued chip shortage?

KEYWORDS IN THIS ARTICLE

Transport & Logistics

Honda to spend US$11 billion on EV strategy in Canada

India’s IndiGo gets into long haul game with Airbus A350 deal

Hertz reports US$392 million loss as it unwinds Tesla fleet burden

Changi Airport’s Q1 passenger movements surpass pre-pandemic levels

Toyota and Nissan pair up with Tencent and Baidu for China AI arms race

China's largest auto show displays all-electric future, local brands dominate

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