Record pump prices put brakes on Singapore's budget car sales

M&C
27 Jun 2008

Singapore - Record petrol prices have hit budget car sales the hardest, with monthly pump prices beginning to match loan instalment payments for some models, published trade figures said Friday.

Sharp drops in sales of 50 per cent or more hit Chevrolet, Hyundai, Kia and Ford, The Straits Times said. Chinese brands are also reeling.

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