Singapore, 8 July 2012 – More than $37 million was transacted at the CATS Classified's annual mega car mart event, Car-nival, at the Singapore Expo today. Despite the recent rise in COE premiums, 158 new cars were sold! 140 pre-owned cars were also sold at the Car-nival.
Many car buyers cited variety, discounts and attractive promotional packages as the main reasons for making their purchases.
Mr Spencer Tham, 59, a manufacturing manager in the aerospace industry who turned up at the event with his wife, brother-in-law and sister-in-law, purchased a BMW 528i saloon from SG Vehicles for $241,000.
Mr Tham said: “What sealed the deal for us? The price is right, the specs is right and the seller is right!”
His wife added: “We’ve done our 'homework' and the package offered to us was very attractive. But what mattered most is reliability. We wanted a sales agent who can provide long-term service, not just lip service!”
Mr Cheng, 41, an engineer, and his wife Doris, their two sons (a two and four-year-old) and domestic helper were at the event scouting around for an MPV to accommodate their family. They are currently driving a Nissan Latio 1.5. After looking at several options, they eventually settled on a Toyota Wish from Borneo Motors for $148,000 (compared to a gross price of $160,000).
Doris said: “We know what our requirements and budget are, so we decided to come here because most of the dealers and brands are here, and we know they will throw in freebies, rebates and better deals at this event.”
Ms Faridah Abas, a banker, and her husband, an IT professional, 40, also turned up at the event with their two sons, aged eight and ten.
“In fact, it’s the boys, who are car fanatics, who goaded us to coming here," she said.
They found their dream car within three hours, a pre-owned BMW 523 IXL for $88,500. They are currently driving a Chevrolet Optra and “shortlisted” the cars they were looking before the event.
While car buyers went about their business, the sizzling Race Queen 2012 pageant kept visitors and photographers busy. From a bevy of eight finalists, Ms Ivy Sim, 20, impressed the judges with her poise and confidence. She bagged the Car-nival 2012 Race Queen title and a cash prize of $2,000; while Ms Jessica Tan, 27, bagged the Ms Stamford Curvaceous title.
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About CATS Classified
CATS Classified is part of the Marketing Division of Singapore Press Holdings Limited. It offers the most comprehensive marketplace for products, services and employment through CATS Classified in The Straits Times, Lianhe Zaobao, Lianhe Wanbao, Shin Min Daily News, CATS Klassified in Berita Harian & CATS Fastads in The New Paper.
About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Newspapers, Magazines and Book Publishing
In Singapore, SPH publishes 18 newspaper titles in four languages. On an average day, 2.92 million individuals or 74 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 330 million page views with 18 million unique visitors every month. Apart from SPH AsiaOne portal, SPH's online and new media initiatives include an online marketplace for products, services and employment, ST701; Stomp, omy.sg, and The Straits Times RazorTV. SPH also launched The Straits Times’ iPad and enhanced iPhone applications, an Android smartphone application and The Business Times Weekend's iPad application. SPH's Chinese flagship newspaper Lianhe Zaobao has also launched its digital platforms which include a web application, as well as online and PDF versions.
SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today. In the radio business, SPH has an 80 per cent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations Radio 100.3 in Chinese and 91.3FM in English.
Events and Out-of-Home Advertising
SPH’s events subsidiary Sphere Exhibits organises innovative consumer and trade events and exhibitions. In addition, SPH has ventured into out-of-home (OOH) advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte Ltd, Singapore’s leading Digital Out-of-Home advertising company.
SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. Its latest retail development, The Clementi Mall, started business operations in 2011. SPH's wholly-owned subsidiary, Times Development Pte Ltd, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.