SG: Sales of luxuries continue falling
What do cars, watches and jewellery have in common? Well the sales have been steadily plunging! (Well, in Singapore at least). Overall retail has been down almost 9% as compared to the same period last year. If we go into specifics, the sale of motor vehicles has decreased 36.1% from last year, compared to the 16.3% drop in the sale of watches and jewellery. Experts believe the downward trend will continue, as buyers often think twice before purchasing a new vehicle as a result of the loan rules introduced last year.
OneShift Editorial Team
16 Jun 2014
Credits:
Sell your car at the highest price in Singapore
Get the Best Price for your used car
from 500+ dealers in 24 hours
Other Articles
Explore more
Market Watch: These Five-Star Firecrackers Can Solve The One Car Solution Dilemma
These brutes in a suit prioritise both family and fun behind the wheel.
New Engine Oils By TotalEnergies Are Designed For Modern Internal Combustion Engines
Did you know that TotalEnergies has a lubricant blending plant in Singapore?
Motul Rolls Out New Engine Oil Specifically Tuned For Hybrid Vehicles
Self-charging hybrid and PHEV owners rejoice - Motul has proper juice to protect your engine.
Shell Stations Have A Part To Play To Redefine Singapore’s Wine Retail Experience
Made possible by partnership between Vivino, Shell and Deliveroo.
Single-Motor, 7-Seater Zeekr 009 Deluxe Luxury MPV Is Yours From S$359,999
It might be less punchy than its dual motor siblings, but claimed WLTP range is a cut above (604km vs 582km).
Official Track Layout Of Upcoming Porsche Experience Centre Singapore Revealed
Singapore’s first permanent driving-focused facility will have a track designed to accommodate speeds up to 200km/h, alongside sharp, banked corners.
Market Watch: These Five-Star Firecrackers Can Solve The One Car Solution Dilemma
These brutes in a suit prioritise both family and fun behind the wheel.
New Engine Oils By TotalEnergies Are Designed For Modern Internal Combustion Engines
Did you know that TotalEnergies has a lubricant blending plant in Singapore?
Motul Rolls Out New Engine Oil Specifically Tuned For Hybrid Vehicles
Self-charging hybrid and PHEV owners rejoice - Motul has proper juice to protect your engine.
Sell your car at the highest price in Singapore
Convenient and Hassle-Free- Consumer Protection
Transparent Process
With No Obligation
Related Articles
Porsche Panamera Turbo S E-Hybrid And Panamera GTS Revealed
Deliveries in Singapore will commence towards the end of 2024.
Local News
4-Seater Lexus LM 500h Launched In Singapore
Occupants get to enjoy noise reduction technology and a retractable glass partition with dimming function - now that’s ultra luxury.
Local News
All-New Skoda Kodiaq Is More Spacious Than Ever
Flagship SUV is also sleeker, more efficient and better equipped than its predecessor.
Local News
