The COVID-19 pandemic shows no sign of slowing down, and it has ravaged economies of countries all around the world.
Except maybe for Singapore, because Singaporeans apparently didn't get the memo.
Sold more luxury cars per month
Despite the economic downturn, Business Times
reported that several luxury car brands in Singapore are enjoying strong sales.
According to data from Singapore's Land Transport Authoritys, six luxury vehicle brands -- Aston Martin Holdings, Bentley Motors Ltd, Ferrari NV, Automobili Lamborghini SPA, McLaren Automotive Ltd. and Rolls-Royce Motor Cars Ltd. -- recorded positive sales during the pandemic this year.
The brands reportedly sold a total of 178 cars
in the first nine months of 2020, compared to 256 units for all of 2019.
That's not too far off.
The report added that after adjusting for Singapore’s partial lockdown, the companies sold an avearge of about 30 luxury cars a month.
The brands sold only 21 cars on average a month in 2019, so it's an indication that more people are buying luxury cars during the pandemic.
The numbers are pretty unbelievable, considering that Singapore has one of the highest car prices
in the world.
The average cost of a compact car in Singapore is about S$100,000 (RM306,000), in case you're wondering.
But hey, rich people are rich, so they can do anything with their money, kan
By the way, check out this article we did when we visited a luxury car vending machine in Singapore: