Is Singapore's luxury car market really down 77%? Behind the sensational headline lies a complex reality of regulations, safety concerns, and market dynamics. The truth might surprise you.
Is Singapore's car market truly crashing?
Dealers face growing inventory and tightening regulations, but claims of a 77% collapse grossly misrepresent reality.
The truth lies somewhere in between, as demonstrated by a recent tragic incident where a Porsche was involved in a five-vehicle accident on Nicoll Highway, resulting in one fatality and several injuries. Sadly, another fatal accident occurred when two seniors, aged 77 and 72, were pronounced dead after their car self-skidded on Adam Road.
