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Premium marques are crowding out the bread-and-butter brands in the small cars category as certificate of entitlement (COE) prices zoom north. According to the Motor Traders Association (MTA), premium and luxury brands made up 45 per cent of sales in the up-to-1,600cc segment in the first quarter. In the same period in 2007, they had a negligible 0.3 per cent slice of the segment. COE prices for the small cars category, seen as the category for the most affordable cars in Singapore, are now hovering above $60,000, compared with $5,000 five years ago. Source: http://www.straitstimes.com/BreakingNews/S...ory_791136.html -------------- uniquely sinkapor..as COEs become pricier..pple purchase more expensive cars!
