1.  Singapore has the Highest Penetration of Online Sales with 90% Online Sales Click to know: Online vs Physical store sale in Used Car Market Increasing internet and smartphone penetration leading to high sales facilitated by online platforms such as Carro and others. Due to two-month long CB measures and tight borde ....

1. Singapore sustains 1 st rank in Asia in the World Bank's Ease of Doing Business index 2020, ranked 2 nd globally In 2020, Singapore ranked 2nd out of 190 countries in the World Bank’s Ease of Doing Business Index. The country has maintained its second position for four consecutive years. In the Global Competitiveness Index ranking, Singap ....

Buy Now A used car is the second-hand vehicle that is accessible for resale. Several outlets such as franchise and independent car dealers, rental car companies, auctions, private party sales, and leasing offices sell used cars. A surge in the requirement of private cars, coupled with opportune financing facilities, augmented internet penetrati ....

Buy Now Key Findings Increasing Number of Auto Finance service providers are focussing on improving their Value-Added Services and streamlining their business operations using Big Data, Data Analytics Tools, IoT, AI and others. The rise in private car service financing is driving the Singapore automotive financing market . The objecti ....

HOW IS THE SINGAPORE USED CAR MARKET POSITIONED? Overview : 65% of the total population is under the age bracket 20-64 years supplemented by the high per capita income. The used car market in Singapore is quite fragmented. There has been a surge in the demand for private vehicles since the pandemic has made it quite risky to use public trans ....

Buy Now 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 ~2.6% and ~2.7% for a new or used car respectively. Singapore Auto Finance market has grown in the in past few years owing to the favor ....

Buy Now Key Findings The Used Cars Market in Singapore has been gaining traction since several years, however, the growth has accelerated especially over the last decade as several online operating players have entered the segment. The increasing digital space encapsulating the used cars segment has provided a boost to the industry ....

Rising Digital Advancements: In recent years, Singapore’s Auto Finance Industry is increasingly moving towards more digital, platform-based and simplified systems, to increase its acceptance and overall efficiency. High penetration of mobile commerce has led to large disruption in the segment, with market participants being able capture a lion ....

Buy Now The report titled “ Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Polices by the Government ” provides a comprehensive analysis on the performance of the Auto Financ ....

Increasing Online Presence: The year 2020 saw a tremendous increase in the usage of the online space for buying and selling cars. Although online classified platforms such as Carousel and DBS Marketplace were gaining traction for quite some time, the pandemic made it absolutely necessary for most of the dealers to have an online presence. Approx ....