SINGAPORE-- Chinese car brands such as Geely, Dongfeng, Zotye, Soyat, Hafei and others have sold only zero to four cars each in the first six months in Singapore,....The Chinese brands burst onto the scene three to five years ago but are now fast fizzling into oblivion because of the high prices for the certificates of entitlement. Buyers will have to get a certificate of entitlement (COE) through bidding exercises in order to own a car, but the limited number of supplies of the certificates are pushing up the prices recently. Full story
Chinese car brands hit bumps in Singapore
SINGAPORE-- Chinese car brands such as Geely, Dongfeng, Zotye, Soyat, Hafei and others have sold only zero to four cars each in the first six months in Singapore,....The Chinese brands burst onto the scene three to five years ago but are now fast fizzling into oblivion because of the high prices for the certificates of entitlement. Buyers will have to get a certificate of entitlement (COE) through bidding exercises in order to own a car, but the limited number of supplies of the certificates are pushing up the prices recently. Full story
