Singapore automotive news: Porsche expected to start retail venture, Mercedes-Benz might sell directly to customers and Hyundai prepares to actually do so.

[Gz0707]

https://www.straitstimes.com/singapore/transport/hyundai-prepares-to-sell-its-made-in-singapore-electric-vehicle-directly-to-consumers

 

Seems like Hyundai is following Tesla direct sales model. 

Edited May 20, 2022 by Gz0707

[Mockngbrd]

In addition to BMW appointment Eurokars as its 2nd official dealer...





https://www.straitstimes.com/singapore/transport/wheels-of-change-turning-in-singapores-motor-industry

Porsche expected to start retail venture in Singapore
straitstimes.com/singapore/transport/porsche-expected-to-start-retail-venture-in-singapore

 

Hyundai prepares to sell its made-in-Singapore electric vehicles directly to consumers
https://www.straitstimes.com/singapore/transport/hyundai-prepares-to-sell-its-made-in-singapore-electric-vehicle-directly-to-consumers

 

 

 

 

Mercedes-Benz may be poised to sell cars directly to customers in S'pore
https://www.straitstimes.com/singapore/transport/mercedes-benz-may-be-poised-to-sell-cars-directly-to-customers-in-spore

Edited May 20, 2022 by Mockngbrd

[Ct3833]

when all the premium brand manufactuers start  looking at the amount of profit their distributors are making per unit in SGP, they will realise the strong business sense to take over the business themselves. That kind of humongous profit per unit is nowhere found in the world. 

Edited May 20, 2022 by Ct3833

[Kia1217]

Hope they don't price coe like Tesla and make the price go up

[Kennethoka]

will Komoco gone case? since Gov want to stop selling ICE car.

[Kennethoka]

this will this down the car price but drive up the COE price. in the end nett to nett the buying will be the same

Edited May 20, 2022 by Kennethoka

[Kennethoka]

@mikk123 won't be cheaper because lower car price will drive up COE price so nett to nett the buying price will be the same

[Gz0707]

10 minutes ago, Kennethoka said:

will Komoco gone case? since Gov want to stop selling ICE car.

maybe they start selling yachts like Hong Seh is doing now ... 

[Freeder]

All job positions will be filled by FTs😂

[camrysfe]

43 minutes ago, Ct3833 said:

when all the premium brand manufactuers start  looking at the amount of profit their distributors are making per unit in SGP, they will realise the strong business sense to take over the business themselves. That kind of humongous profit per unit is nowhere found in the world. 

Most of the time the gross profit is even higher than the omv of the car itself

[DOBIEMKZ]

54 minutes ago, Ct3833 said:

when all the premium brand manufactuers start  looking at the amount of profit their distributors are making per unit in SGP, they will realise the strong business sense to take over the business themselves. That kind of humongous profit per unit is nowhere found in the world. 

The profit margins of some ADs can buy a Honda Civic equivalent car in Malaysia. :/

[DOBIEMKZ]

1 hour ago, Gz0707 said:

https://www.straitstimes.com/singapore/transport/hyundai-prepares-to-sell-its-made-in-singapore-electric-vehicle-directly-to-consumers

 

Seems like Hyundai is following Tesla direct sales model. 

I wonder will Hyundai service these cars itself or delegate the servicing job to Komoco...

[Volvobrick]

Waiting for Hyundai Ionic 5 made in Jurong. No need to buy battery (and no ARF)! Should be very very interesting. 

Edited May 20, 2022 by Volvobrick

[Kennethoka]

Like that Alexandra road will be very quiet without all the car showroom.

[Confusedboi]

31 minutes ago, camrysfe said:

Most of the time the gross profit is even higher than the omv of the car itself

Yeah especially for premium brands where their margins are much higher than bread and butter brands. 

[ER-3682]

Ditch the Middleman.

[Watwheels]

I think the car maker will make as much as the dealer when they take over. LPPL. 

Ownself make that profit rather than let dealer profit. Heck care car buyers.

[Watwheels]

52 minutes ago, Volvobrick said:

Waiting for Hyundai Ionic 5 made in Jurong. No need to buy battery (and no ARF)! Should be very very interesting. 

Hopefully will get to see full features in the car and not those selective ones so that car dealers can profit.