Friday November 10, 8:17
PM
Singapore
Motorshow opens to public at Suntec Singapore
SINGAPORE: The 2006 Singapore Motorshow has opened its doors to the
public.
Organisers are hoping this eighth show will boost sales in the
local auto industry.
Industry players say that with a healthy economy, good employment
rate and a low price for Certificate of Entitlements, there has
never been a better time to hunt for a car.
In fact, the Motor Traders Association says in the first 10 months
of this year, 97,201 cars were registered, a 7 percent rise over
the same period a year ago.
At this rate, car registration will hit an all-time high in
Singapore.
The favourable market condition has also given some dealers more
confidence in bringing in more choices.
Peter Kwee, Executive Chairman of Group Exklusive, says: "There is
room for these China-made cars in Singapore market. We'll bring in
one or two more brands to fill up all the different models,
different range of cars for Singapore motorists.
"Our philosophy is to bring in value-for-money car - quality and
price must have an equal balance."
With newer brands, visitors may not even notice the absence of some
major European brands, like Mercedes Benz, BMW and Volvo.
But exhibitors say there are enough attractions for everyone.
It is estimated that about 100 first-ever luxury sports utility
vehicles, that run on hybrid technology and could save up to 50
percent on petrol bill, have been sold.
Mel How, Borneo Motors, says: "Consumption right now is about 1
litre to 12.35 km, that's the same as a Toyota Altis. Emissions is
about one-twentieth of a normal car."
The Singapore Motorshow will run until the 19th November. -
CNA/so
