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Took me quite some time to piece all the information together for this thread, which I have wanted to start a few months back. No right or wrong here, just some personal opinions on why I think the AD plays an important role in determining the resale value of the model sold by them. Feel free to share your thoughts (a forum is meant for members to engage in meaningful discussion, isn't it?) Many ADs has been playing hard to maintain the sales price of new car sold by them, citing reasons such as protecting customer's interest (by not having an unusually wide price fluctuation from month to month), guarantee a good resale value in the used car market (used car price is tagged almost directly to new car pricing), better service if buying the car from them directly, etc. But is that always the case? It is an open secret that when ADs are not able to meet their sales target, they will register the new car and sold it as used car through their used car division of even 3rd parties. I am using PML and Wearnes as an example below, to highlight the adverse effects of doing so. PML (BMW) With the new X3 priced from $302,888 (xDrive20i) / $308,888 (xDrive20i M-Sport) before over trade, the profit margin is between $68K to $71K, which is almost 150% of their respective OMV! Even after an generous O/T of say ~$30K, the net car price will still be around $270K to $280K. Yet PML would rather sell brand new unit at a much lower price (estimated to be ~$250K+) every month to used car dealers, only for it to be listed as used car, than to price it down to similar level for genuine buyers (direct PML customer). This is the screen grab I have taken from sgcarmart.com and the list is not exhaustive. You can even find pre-facelift X3, which was registered exactly a year ago, on the list (there are actually several units available, but the dealer don't want to give potential buyer the impression that they have to lelong the car in their inventory)! Based on the info I have, used car dealers got these units last year at just $200K thereabout, so they can continue to hold and wait (for uninformed buyer). So what does it got to do with resale value? Well, we all know that in a few years time, when the owner want to sell their ride, used car dealers will probably offer PARF + remaining COE value + another few $$$K for the body, and given the record breaking COE premium currently, the owner is likely to burn >$150K in just <5 years (buy at $280K, sell at $105K - $120K max. at 5th year). That's when some will KPKB that BMW has low resale value, nope? Wearnes (Volvo) Let look at the total number of V60 Cross Country and V90 Cross Country registered in the first 5 month of this year, 13 units in total. Want to make a guess how many of this units are sold as brand new used car? 1, 2 or 3? Well, I found 5 units listed on sgcarmart.com (I have reasons to believe there are more units available but not advertised - 'cos I saw at least another 1 - 2 units parked outside Wearnes Pre-Owned, probably management unit, which will eventually be sold as used car). That translate to ~40 to 50% of the new car sold as used. Reason for doing that? Having to meet sales quota without lowering the new car price. BTW, the profits for both model range from ~$67K to >$100K (before O/T), I will leave it to the readers to decide if that is reasonable for the brand. In the case of Volvo, it is a double whammy for the owners (be it brand new from Wearnes or brand new used car / management unit), as not only they are experiencing paper lost as what I have described above, with many used car in the market with transfer count of more than 1, the resale value will be further suppressed. One just need to browse the used car list on sgcarmart.com for the earlier model, and some can be had for ~$14K annual depreciation (in the current climate of $100K COE, so I cannot imagine when the COE return to $50K, these used car will have <$9K depreciation??) One particular unit of V60 Cross Country has been put up for sales for at least 2 months, with asking price of <$190K (for a 6 months old car) till the owner gave up and sell it to Eurokars Pre-Owned, so does that paint a picture that matches what I have written so far?

Celebrate Borneo Motors’ 100 years with complimentary servicing for pre-owned Toyota & Lexus bought from Sgcarmart. Enjoy authorised distributor care. If you think Singapore has been around longer than Borneo Motors, you might be surprised to learn it's actually the other way around. While Singapore gained independence in 1965, Borneo Motors opened its first showroom in Singapore back in 1925, located along Orchard Road. Having been in Singapore for a century, Borneo Motors - which merged with Inchcape Group in 1967 to become the official retailer and distributor of Toyota, Lexus, and Hino - possesses unparalleled expertise in vehicle servicing, repair, and maintenance. The firm certainly knew what it was doing; by 1968, it had sold over 3,000 Toyota passenger cars and commercial vehicles. Today, its 100-year legacy is a testament to not just hard work, but also consistently doing things right. Sweet deals for all customers When it comes to caring for Toyota and Lexus vehicles, Borneo Motors' expertise is second to none. As the sole distributor in Singapore, its mechanics and technicians receive the latest training and service bulletins, ensuring their unmatched expertise provides the best quality care for your car. As part of Borneo Motors' 100th anniversary celebrations, customers who bought a pre-owned Toyota or Lexus model sold on Sgcarmart between 1 January 2025 and 31 December 2025 will be entitled to one complimentary car servicing at Borneo Motors' authorised service centres. What's more, customers can enjoy additional perks valued at up to $450! Beyond the complimentary servicing, Toyota owners (even those with pre-owned Toyotas) are eligible to be part of Toyota Assure*. It offers a range of benefits designed to give drivers peace of-mind throughout their ownership journey. Toyota Assure extends the warranty for the vehicle's engine and transmission up to 10 years. That's not all. Under Toyota Assure, owners of vehicles that have reached their sixth and seventh years will enjoy 35% off Toyota genuine parts, while owners of Toyotas that are eight years and older will receive 50% off Toyota genuine parts. These substantial discounts significantly reduce the potential escalating costs of maintenance as the vehicle ages, allowing you to save money for more important things, such as family holidays. When you purchase a Toyota or Lexus, you're buying into unsurpassed quality. Both brands are renowned for being the benchmark for reliability, which, together with superb aftersales, keeps drivers coming back through the years. So, when it comes to caring for and protecting these exceptional cars, trust the experts at Borneo Motors. After all, with over a century of experience under its belt, it is truly the one-stop-shop for Toyota and Lexus owners. *Terms and conditions apply. See if your car meets the full conditions to be protected with Toyota Assure here.

Big ups for the sgcarmart team for this video bringing chiobu Charmaine and the Vice President of Toyota Motor Asia (NOT inchscape/borneo motors). I've been asking this question myself since 20 years ago as a car enthusiast. Eg. why no manual transmission? why don't have this model? why don't have this engine spec? Why never bring in the new Vios? Next video I want to hear from the major PIs on how they decide what model to bring in that's not available from ADs. And how they manage their inventory, homologation, tax, sales volume, after-sales service, recall etc.

With its decades of experience working with high-end supercars, Hong Seh Motors brings its Authorised Dealer level of service to you at a reasonable cost. There are thousands of car workshops in Singapore - some aim to offer the lowest prices, some specialise on body work, and some tackle complicated repairs. Spoilt by so many choices, how then do you know which workshop to entrust your car to? For most owners of new cars, it isn't difficult - the Authorised Dealers will handle it. But what if your car runs out of warranty and complimentary servicing packages, and you still want that top-tier service standard without paying through your nose? With Hong Seh Motors, that is exactly what you will get. Decades of experience as a supercar Authorised Dealer - Hong Seh Motors Unlike your typical workshops, Hong Seh Motors was the former authorised dealer of Ferrari and Maserati cars in Singapore that has decades of experience in the industry - it clinched the Ferrari distributorship here back in 1983. There are plenty of differences between an authorised dealer workshop and a typical workshop, and it all lies in the facility, equipment, skill level of technicians and the level of service that you’ll receive. Due to the close working relationship between authorised dealers and car manufacturers, they are held to a certain standard. In fact, it is common practice for the technicians and mechanics to receive training from the manufacturer before they are certified to work on the cars. And you can just imagine how stringent the training would be when it comes to supercar manufacturers. Skilled technicians aside, authorised dealers are also required to be equipped with quality equipment and tools. As an ex-authorised dealer workshop that works on supercars, Hong Seh has invested in top-of-the-line equipment to ensure the best quality work possible. It recently invested $2 million on its workshop and equipment to ensure top-tier work on its client’s cars. Among its equipment is a chassis alignment measuring robotic arm and jig from Carbench, making it the only bodyshop in Singapore to be authorised by Carbench. Carbench is an Italian brand that produces equipment that are used by manufacturers such as Maserati, Jaguar, Ferrari, Porsche and Tesla. Hong Seh also has an environmentally friendly paint shop, which includes an electric paint booth from Saima, and uses PPG water-based paint - its paint shop is authorised by PPG (the same brand of paint that Ferrari uses). With these equipment, Hong Seh is a workshop that is capable of complete refurbishment of cars to a standard expected of an authorised dealer. Not just supercars - Hong Seh Motors has the capabilities to work on all cars including EVs With Hong Seh Motors’ experience working on supercars, there’s no job too big or intricate for the team to resolve. Hong Seh Motors Service Centre is a one-stop shop that can work on anything from a simple routine servicing, pre-purchase inspections, to wheel alignments, engine overhauls, body repairs, paintwork, accident claims, tyre replacement and even a full classic car restoration. Its team consists of mechanics who have been working with the company for over 20 years. On top of the rich experience that its team has, Hong Seh Motors has also kept up with the times and is fully capable of working on EVs. The team is IMI trained to work on EVs, and is equipped with the necessary tools for working on high-voltage systems. As such, it is able to work on the high-voltage EV systems, including diagnosis and repairs of EV batteries. As Hong Seh Motors also has its own car leasing department, it has been working on cars of all makes and model. Hence, no matter what car you drive, you can be rest assured that Hong Seh would be able to resolve your issue. Reasonably priced services with top-tier workmanship Getting skilled mechanics to work on your car with quality equipment and parts might sound expensive, but it isn’t the case here. Hong Seh Motors insists on two main things: it always emphasises on quality, no matter how small the job is, or how tough it could be, and it promises to provide an authorised dealer level of service at a reasonable price. Yet another perk of going to a workshop that adopts an authorised dealer’s approach would be its clear and transparent processes - with everything properly explained to you, there’s no worries of hidden charges or any shock when you get your bill. Hong Seh Motors is located at 10 Fourth Lok Yang Road, Singapore 629707. It is open on Mondays to Fridays, from 8:15am to 6:00pm. Staying or working in the West? Hong Seh is a top contender to consider for your automotive needs. You can find out more and book an appointment with Hong Seh Motors at its website.

My first car was a used Fiat back in 2013-2014 bought off sgcarmart. But never considered it to be my first because I got my license revoked from drink driving. People learn from their mistakes and I have learnt from mine for good http://m.sgcarmart.com/articles/articleinfo.php?CT=n&AID=25549