Demand for off-peak car drops drastically

ALL content used in this not-for-profit blog remain the property of their respective owners.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1206639/1/.html

Demand for off-peak cars (OPC) have fallen on the back of surging Certificate of Entitlement (COE) prices for cars.

Figures from the Land Transport Authority show that from January till April this year, there were only 211 applications for such cars.

In 2010, there were 1,688 applications.

And in the first five months of this year, 1,472 motorists opted to switch their off-peak registered vehicle to a normal one.

Off-peak cars can only be driven during certain periods on the roads.

Dealers which MediaCorp spoke to said the S$17,000 rebate when motorists buy off-peak cars isn't enough of an enticement.

The restricted hours for the OPC are as follow: 7.00 am to 7.00 pm (Mondays to Fridays); 7.00 am to 3.00 pm (Saturdays and eve of New Year, Lunar New Year, Hari Raya Puasa, Deepavali and Christmas.)