Mid-luxury cars up to S$200k still selling well: dealers

Singapore

THE mid-luxury car market is still going strong despite the current gloomy economic outlook, but the higher-end luxury segment has slowed to a crawl as buyers' comfort levels slump in line with weak sentiment.

Most distributors of luxury models say there have been fewer takers for cars costing S$200,000 and up including COE; sales of those costing between S$150,000 and S$200,000 remain relatively steady.