Jump to content


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: 4,776 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 MCF Hangout with Follow Me Japan, held at Singapore Recreation Club, offered members a insigh...
POPULAR BLOG POSTS
Photo
Here's a first look at the next-generation BMW M135i. Leaked by Bimmerfile, the new 1 Series...
Photo
Arnold Schwarzenegger is keen to push people to buy Electric Vehicles and has come out with a fun...
Photo
Koenigsegg’s founder and CEO Christian von Koenigsegg revealed that he managed to buy back is fir...
Photo
Like the mk4 Supra, Toyota expects the new GR Supra to be popular with the tuners and aftermarket...
Photo
Volkswagen's Golf GTI TCR is the last of the special editions for the mk7 generation of the G...
   Lifestyle Articles