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By Ang Yiying & Lim Wei Chean
TELEPHONES were ringing off the hook at car showrooms yesterday, and potential buyers turned up in droves in the hopes of getting a small car at bargain prices.
The trigger behind this interest in cars under 1,600cc: Wednesday's historic $2 low for the certificate of entitlement (COE) for small cars.
Some who turned up, unfamiliar with the mechanics of bidding for COEs, were disappointed to find out that only the 1,851 buyers who placed their bids for cars under 1,600cc in the last round had snagged their COEs for $2.
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