More than half of all sales in the Singapore Automotive Industry are of used vehicles, owing to the country's high cost of living and a plethora of extra levies. Despite the government's initiatives aimed at reducing the number of automobiles on the road, there are approximately one million vehicles on Singapore's roadways. As new au ....

Singapore hasn't had a car manufacturing plant since Ford closed its factory several decades ago, effectively ending automobile production on the island owing to which it imports all its cars from other countries. Increasing Number of Auto Finance service providers are focussing on improving their Value Added Services and streamlining their busi ....

How Is Singapore Auto Finance Market Positioned? The Singapore Auto Finance industry is at a growth stage and is increasingly being supported by modern digital infrastructure and huge loan portfolio. The average cost of car loan in the industry is ~2.4% and~2.7% for a new or used car respectively. Singapore Auto Finance market has grown ....