, surpassing a 28-year high set two weeks earlier. Premiums rose across the board as well.
What accounts for the increased prices? Is the entrance of private-hire vehicles and the explosion of a delivery economy a factor? Could the system do with tweaks or is it working exactly as intended by pricing cars out of the reach of those who cannot afford it and therefore reduce the car population?host put these questions to his guests: Associate Professor Terence Fan of the Singapore Management University, Arthur Wong, managing director at ACM Automobiles and Aaron Tan, CEO of Carro, an...
Honestly it really needs to come down heavy and fast. I need a sub 80K inc COE new car by this year and I honestly cannot stand it being this high. First time car owners should be able to buy new cars at an affordable rate.