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Car sales at Car-nival healthy despite rise in COE prices and financing curbs

Singapore, 7 July 2013 - The motoring industry has suffered for the past few months due to rising COE prices and restricted financing for vehicles in Singapore. Despite these, $20 million was transacted at Singapore Press Holdings' (SPH) CATS Classified Car-nival 2013. The annual mega car mart event was held at the Singapore Expo today.

A total of 176 cars were sold today. Of which, 102 were new cars and 74 were pre-owned cars. This is compared to 298 cars sold last year.

Nonetheless, exhibitors were happy with the response received at Car-nival. Eddie Loo, Managing Director of CarTimes Automobile said: "The quality of the crowd this year was better than last year. We sold our first car as early as 11am, while last year we only sold our first car at 1pm. If there were no loan curbs, I am sure that sales would have been much better." 

CATS Car-nival remains popular and drew a crowd of 70,000 today. With a wide selection of new and pre-owned cars, and a sprawling spread of motoring accessories and in-car gadgets, the event has once again proven to be a popular one-stop auto and accessories mart. 

Car buyers interviewed cited discounts and attractive promotional packages as the main reasons for their purchases. 

Mrs Ow, a 52-year-old executive, bought a brand new Honda Accord from the Honda booth for $211,900. She said: "I bought it because it is a very good car and it costs a few thousand dollars cheaper here than in the showroom. They also threw in a lot of goodies as well as a servicing package."

Besides cars, there were the 12 stunning ladies who turned up the heat in the CATS Race Queen Pageant sponsored by Stamford Tyres. Second-time participant Ms Megan Long, 23, impressed the judges with her poise to snag the coveted title of CATS Car-nival Race Queen 2013. A final-year student at James Cook University, Ms Long walked away with the top prize of $3,000 and intends to use the prize money to further her education. Ms Winnie Tan, 20, was crowned Ms Stamford Curvaceous, and walked away with a cash prize of $1,500.

Another highlight of the event was the first ever Fastest Baby-Walker Race sponsored by Motorway, which received 132 registrations. Nine-month old Haziq Nazmin completed the eight-metre race in 26 seconds to beat the other junior speedsters in their walkers, which were decked up to resemble mini racers. His father, Haja Nazimmudeen, 26, used a Pepsi bottle to entice Haziq towards the finish line.

Car-nival 2013 crowd, Fastest Baby-Walker Race and Race Queen Pageant images.

70,000 visitors came down to Car-nival 2013.

Junior speedsters racing to complete 8-metre race in walkers.

The top 3 winners of the Race Queen Pageant are (from left to right) second runner-up, Francesca Soh, 21, winner,
Megan Long, 23, and first runner-up, Melissa Lim, 19.

Issued by Singapore Press Holdings Ltd
Co. Registration. No. 198402868E

For more information, please contact:

Amanda Ng (Ms)
Communications Executive
Advertising & Promotions
CATS Classified
Singapore Press Holdings
DID: 6319 5909

Kim Soo Nan (Mr)
Head, Advertising & Promotions
CATS Classified
Singapore Press Holdings
DID: 6319 5978

Wong Ju Wai Deror (Mr)
Senior Executive
Corporate Communications & CSR
Singapore Press Holdings
DID: 6319 1226

About CATS Classified
CATS Classified is part of the Marketing Division of Singapore Press Holdings Limited. It offers the most comprehensive marketplace for products, services and employment through CATS Classified in The Straits Times, Lianhe Zaobao, Lianhe Wanbao, Shin Min Daily News, CATS Klassified in Berita Harian & CATS Fastads in The New Paper.

About Singapore Press Holdings Ltd

Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.

Newspapers, Magazines and Book Publishing 
In Singapore, SPH publishes 18 newspaper titles in four languages. On an average day, 3.05 million individuals or 76 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.

Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 270 million page views with 18 million unique visitors every month. Apart from AsiaOne, SPH’s online and new media initiatives include ST701, the leading online marketplace for jobs (STJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds); Stomp, and The Straits Times RazorTV. SPH also launched The Straits Times’ iPad and enhanced iPhone applications, an Android smartphone application and The Business Times’ iPhone application. SPH’s Chinese flagship newspaper Lianhe Zaobao has also launched its digital editions which include a web application, as well as online and PDF versions.

In the radio business, SPH has a 92.9% per cent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations UFM 100.3 in Mandarin, as well as Kiss92 and HOT FM91.3 in English. SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today. 

Events and Out-of-Home Advertising
SPH’s events arm Sphere Exhibits organises innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region. In addition, SPH has ventured into out-of-home (OOH) advertising through its digital out-of-home platform SPH MediaBoxOffice.

SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. Its second retail development, The Clementi Mall, started business operations in 2011. SPH's wholly-owned subsidiary, Times Development Pte Ltd, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road. SPH‘s latest retail development project, The Seletar Mall, is slated for completion by end 2014.

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