The delays in receiving brand new, fully equipped cars, coupled with a confluence of other factors such high Certificate of Entitlement prices, have left some car buyers here turning to second-hand cars instead, dealers have told TODAY.since 2020 due the Covid-19 pandemic as well as tensions between the United States and China.
Last year, about 30 per cent of BMW vehicles in Singapore had at least one feature omitted due to the shortage in semiconductors, said Mr Nielsen. The semiconductor supply crunch has meant longer-than-usual delays in the shipment of new cars, said car dealers. Likewise, a spokesperson for Daimler Southeast Asia, which manufactures Mercedes-Benz cars, said that the delay in delivery times would vary depending on the model and the equipment of the individual models.
Both Mr Eng and Mr Tang estimated that about 50 per cent more of their customers are picking up second-hand cars this year compared to last year.