Comment by JSR_FDED
Singapore is an unusual market when it comes to cars...
To put it in perspective, a Toyota Camry today costs $207,000 (US dollars).
That includes the Certificate of Entitlement - that allows you to actually drive the car for 10 years. After 10 years you can renew the CoE, but that's about $100K so most people don't want to pay that to take a 10 year old car to age 20. As a result there are almost no older cars on Singapore's roads.
The upside is very little traffic congestion.
To be fair, the public transport is outstanding and the services like Grab (think Uber) are ubiquitous and reasonably priced.
It does sound like driving is only for the rich, but then, Singapore is too densely populated for cars to be a realistic large scale transport thing.
I think older cars are becoming rare in other places as well, here in the Netherlands only hobbyists keep older (>20 years) cars around because maintenance gets more and more expensive, mechanics / work hours are easily something like €75 an hour. But also, a huge amount of used cars are exported towards eastern Europe.