High traffic at car showrooms after COE tweaks

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http://www.todayonline.com/singapore/high-traffic-car-showrooms-after-coe-tweaks

Car showrooms were packed with potential buyers today (Sept 14), following the changes to the Certificate of Entitlement (COE) system announced earlier this week.

Some carmakers have cut prices ahead of the changes, which will come into effect next year. They seem to be benefiting, at least for now.

Swedish carmaker Volvo said traffic at their showroom doubled, as they dangled discounts ranging between S$20,000 and S$30,000.

The luxury car maker has five models with an engine capacity of below 1,600cc but these models also have a high engine horsepower of more than 130 brake horsepower. From February next year, these will be transferred from the current category A to category B, competing with other premium brands.

Customers said they are likely to buy now, as the cars they are eyeing could cost more once the new rules kick in.