Published:
Car sales hit the brakes
Retail sales are being dragged with motor vehicle sales falling by an average of 30% in recent months.
DBS Group Research said, “If we exclude motor vehicle from the overall retail sales calculation, sales has in fact been growing at a healthy pace of about 7.5%. In other words, the huge drag from motor vehicle sales has distorted an otherwise healthy improvement in the overall retail sales index.”
Falling car sales were said to be a result of higher COE prices.
View the graph here.
Read Here
Advertise
Sign Up
