Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

1

Car COE supply to grow by 42% for May to July quota

By Deeq on 11 Apr 2014

Attached Image There will be 42 per cent more Certificates of Entitlement (COEs) for cars for the May to July quota, the Land Transport Authority announced on Friday.


Buyers and sellers of cars up to 1,600cc and 130bhp will get 1,011 COEs per month - 41 per cent more than what is currently available to them. COEs for cars above 1,600cc or 130bhp will have 966 certificates - 38 per cent more. And there will be a 53 per cent rise in the number of 586 Open COEs available per month. These COEs can be used for any vehicle type, but ends up mainly for bigger cars.


The supply of COEs for commercial vehicles will also expand by 47 per cent to 770 certificates a month. Motorcycle COE supply is the only one that will shrink. There will be 686 pieces up for grabs per month - 4.6 per cent fewer than now.


On the whole, the monthly supply rises 32 per cent to 4,019. Motor traders expect this to ease pressure on premiums but do not think prices will fall by more than 10 per cent. This is because there is a significant amount of pent-up demand from motorists who have been holding off renewing their vehicles on the back of high premiums in the recent years.



coelta, coe quota, singapore and 2 more...

Viewed: 4,512 times

Related Blog Posts
Deeq
Written by Deeq
With intense love for cars and bikes since little, and passion for photography, Siddiq tries hard to bring cars to life on the screen, proving his worth as well as his passion for the job.



  • 1
GongJiaoWei Apr 12 2014 09:39 PM

Time for COE prices to do slight correction? Let see how much the prices drop..

  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
The guide, while not mandatory, comes amid rising car complaints, mainly about defects. It is dev...
POPULAR BLOG POSTS
Photo
While this is not exactly the case in Singapore, many customers around the world saw the opportun...
Photo
Private-hire cars, unlike taxis, must carry seats for babies and children under 1.35m tall, accor...
Photo
Volkswagen chairman Herbert Diess says that the brand will not be producing engines smaller than...
Photo
Vanda Electrics will be debuting its first all electric hypercar at the Geneva Motor Show. It wil...
Photo
Taxi giant ComfortDelGro says it wants to simplify cab fares. That can only be good news, says ST...
   Lifestyle Articles
   Tags