Synopsis: In this new podcast, The Straits Times offers expert insights if you are in the market for a new vehicle or are tracking transportation trends.
Almost 60 per cent of those who sell their cars, are looking for another one. This means that the business of used cars will continue.
Your browser does not support iframes, but you can use the following link: <a href="https://omny.fm/shows/coe-watch/how-used-car-dealers-make-money/embed" title="">Link</a><script>iFrameResize({ log: false }, '#iframe-field_embed_iframe-8163153')</script>
ST’s senior transport correspondent Lee Nian Tjoe speaks with Mr Kuanyu Tan, the country manager of Carro, a used car dealership that buys and claims to sell 6,000 cars a year, to understand the business and what it means to the car buyer.
Highlights (click/tap above):
2:20 Where do used cars go? How do used car dealers get inventory financing?
6:10 Are used cars really more affordable than new cars? Price trends in relation to COE prices
17:36 Top two tips for car owners to get the best deal when selling their vehicles
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20:48 How long is too long for a car dealer to hold on to their stock?
26:30 Carro’s scheme to “test-own” electric vehicles in Singapore, to help educate consumers about EVs
29:40 Why used car dealers are not making offers for electric vehicles
32:26 The impact of the Lemon Law on used cars
Produced by: Lee Nian Tjoe (niantjoel@sph.com.sg), Ernest Luis and Teo Tong Kai
Edited by: Teo Tong Kai
Follow COE Watch Podcast here:
Channel: https://str.sg/iTtE
Apple Podcasts: https://str.sg/iqW2
Spotify: https://str.sg/iqgB
SPH Awedio app: https://www.awedio.sg/
Website: http://str.sg/stpodcasts
Feedback to: podcast@sph.com.sg
Read Lee Nian Tjoe’s articles: https://str.sg/wt8G
Follow Lee Nian Tjoe on LinkedIn: https://str.sg/iqkJ
Read more COE articles: https://str.sg/iGKC
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Discover more ST podcast channels:
In Your Opinion: https://str.sg/w7Qt
Asian Insider: https://str.sg/JWa7
Health Check: https://str.sg/JWaN
Green Pulse: https://str.sg/JWaf
Your Money & Career: https://str.sg/wB2m
ST Sports Talk: https://str.sg/JWRE
#PopVultures: https://str.sg/JWad
Music Lab: https://str.sg/w9TX
Discover ST Podcasts: http://str.sg/stpodcasts
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Special edition series:
True Crimes Of Asia (6 eps): https://str.sg/i44T
The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2
Invisible Asia (9 eps): https://str.sg/wuZn
Stop Scams (10 eps): https://str.sg/wuZB
Singapore’s War On Covid (5 eps): https://str.sg/wuJa
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