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Car numbers up despite driving costs
That's because fewer cars have been scrapped, say traders.
SINGAPORE's car population continues to rise, although higher fuel prices, parking charges and road tolls were expected to have put the brakes on growth. According to the Land Transport Authority (LTA), there were 539,540 passenger cars here at the end of last month - 8.1 per cent more than at the same time last year. In fact, the rate of growth is second only to last year's record 9 per cent expansion over the 2006 population. For the full story, go to straitstimes.com |
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