Keyword: "car prices"

In order to own a car in Singapore, buyers need to spend 106,000 USD just to obtain a Certificate of Entitlement (COE), making the total cost of buying a car in the country many times higher than in other nations.

A number of large manufacturers slashed car prices early this year, signaling fierce competition in the Vietnamese auto market.

There is anticipation that automobile prices in Vietnam will decrease by 10-15 percent in the case of older models and 5-10 percent in the case of new models as automobile import tariffs are cut.

The quantity and value of imported cars fell by 38 percent and 6 percent respectively in April from March.

The price of domestic cars have soared since the beginning of this year due to the Government's adjustment of special consumption taxes on imported automobiles.