02 Dec '11, 11pm

High-end cars winning market race as COE supply shrinks: Premium brands are expected to account for more than ha...

High-end cars winning market race as COE supply shrinks: Premium brands are expected to account for more than ha...

Porsche and other luxury cars in the showroom at Sungei Kadut. Already, these brands, ranging from BMW, Mercedes-Benz and Audi to Porsche, Ferrari, Lamborghini and Rolls-Royce, are poised to garner about 46 per cent of sales this year. --ST PHOTO: TED CHEN By Christopher Tan, Senior Correspondent Premium brands are expected to account for more than half of new car sales next year as the certificate of entitlement (COE) supply shrinks to an all-time low and prices remain high. Already, these brands, ranging from BMW, Mercedes-Benz and Audi to Porsche, Ferrari, Lamborghini and Rolls-Royce, are poised to garner about 46 per cent of sales this year. This is up from 33 per cent last year and below 10 per cent in the past several decades. Audi Singapore managing director Reinhold Carl predicted: 'The premium brands will account for more than half of new car sales next year.' Ple...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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straitstimes.com 01 Dec '11, 1am

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