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Chinese car brands don’t sell well in Singapore

August 16, 2011 by Tycho de Feijter

Chinese car brands such as Geely, Chery, Dongfeng, Zotye, Soyat, Hafei and others have sold only zero to four cars each in the first six months in Singapore, local daily Straits Times reported on Friday.

The Chinese brands burst onto the scene three to five years ago but are now fast fizzling into oblivion because of the high prices for the certificates of entitlement. Buyers will have to get a certificate of entitlement (COE) through bidding exercises in order to own a car, but the limited number of supplies of the certificates are pushing up the prices recently.

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