Used car prices in the United States have seen a significant increase, reaching their highest levels since mid-2023. This rise is attributed to heightened demand and a limited supply in the market.
Singapore has witnessed a significant increase in the prices of Certificates of Entitlement (COE) during the recent auction held on April 8. The price for category A, designated for small cars, rose by 5.5% to reach <strong>SGD 118,000</strong>, reflecting notable market fluctuations.
Maruti Suzuki, India's largest car manufacturer, announced its intention to increase car prices due to rising commodity costs linked to the ongoing war in the Middle East. This decision follows a significant rise in oil, gas, and metal prices, which has eroded the benefits of previous tax cuts.