MOTOR firms have increased car prices by as much as $22,000, in anticipation of certificate of entitlement (COE) premiums going up further.
The price rises came just a day after car premiums soared by $8,000 to $14,000, which many players see as a sign of things to come.
Toyota agent Borneo Motors, the biggest player in Singapore, has raised sticker prices by between $10,000 and $15,500. A Toyota Corolla costs $85,000, up $11,000 from its previous rate before Wednesday; and a Camry is $116,000 - up $13,000. The Vios, a popular budget model, is now about $70,000 - up $10,000. It cost around $41,000 just a year ago.