They didn’t take into account covid period a lot of those daily traveller never buy new vehicle. On average, those rempit that travel daily change their bike every 3 years. The bike is their work horse and clock high mileage so usually memang best to change every 3 years coz they can afford it. Not to mention the strict regulation on emission when entering Singapore and also the trouble when the bike broke down.

Cars also have but the ratio between motorcycle vs cars is higher compare to other states such as KL. Just go in the Zerg swarm in the morning entering SG. High chance you will see a 2-3 day old bike there every single day.