Singapore, 11 July 2011 - More than $20 million was transacted at the CATS Classified's annual mega car mart event, Car-nival, at the Singapore Expo yesterday (Sunday, 10 July 2011). Despite the recent rise in COE premiums, nearly 130 new cars were sold.
Many car buyers cited variety, discounts and attractive promotional packages as the main reasons for making their purchases.
Miss Faridah Jamal, a financial planner at Great Eastern, said: “Though premiums are so expensive, my current car is already five years old, and due to be changed. Getting a new car at Car-nival is making the best out of a bad situation, and probably the best option at the moment.”
Miss Jamal bought a new Subaru Forester 2.0X for $122,800 from Motor Image Enterprises, which was $2,000 lower than the showroom rate.
In addition to enjoying a $3,000 discount on his new Toyota Wish, Mr Png Mai Pheow, 52, another satisfied customer, also received $1,000 worth of Takashimaya shopping vouchers and a one-year golf club membership sponsored by Borneo Motors.
For Mr Lionel Liong, a sales manager, part of the attraction of Car-nival was the better trade-in prices which dealers offered at the event. He traded in his Mitsubishi Lancer for $52,000, and had to fork out only about $70,000 for a brand new Kia Sportage.
Among the top-selling models at the event was the Volkswagen Jetta Sport, which was introduced to Singapore about two weeks ago.
Mr Eric Tan, a senior sales representative at Volkswagen, attributed the popularity of the Jetta Sport to design improvement, fuel economy and affordable pricing.
Mr Tan said: “The Jetta Sport is a good and very practical family sedan below 1.6 litres. We have sold almost ten units of this model.”
Pre-owned cars performed better than last year. The 70 pre-owned cars sold at Car-nival 2011 represented a sizeable 50 per cent increase over the number of units sold during last year’s event.
Mr Eddie Loo, the managing director of CarTimes Automotive which sold nearly 30 pre-owned cars, was unequivocal that this year’s sales volume had exceeded that of last year’s. He felt that Car-nival was “a very effective venue which attracted the right crowd”. He had already committed to the CATS Classified car shows this November and next year.
While car buyers went about their business, a sizzling race queen pageant sponsored by Subaru, kept visitors and photographers busy. From a bevy of eight finalists, part time model Lor Weng Lin, 23, impressed the judges with her poise and confidence. She bagged the Car-nival 2011 Race Queen title and a cash prize of $2,000. Maybank was the official bank of the CATS Classified Car-nival 2011.
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For more info, please contact:
Wong Wei Chen (Mr)
A & P, CATS Classified
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Diana Lee (Ms)
Assistant Vice President
A & P, CATS Classified
Tel: 6319 5978
Gary Yeo (Mr)
Tel: 6319 1225
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