All about COEs

SMRT Buses SG

Channel NewsAsia - Wednesday, September 19

Only goods vehicles and motorcycles affected by midquota review

SINGAPORE: The Land Transport Authority has released its midquota year review for 2007, and only two of the five vehicle categories will be affected.

Monthly quota of COEs for Category C (goods vehicles and buses) will be reduced by 22.5 per cent while that for Category D (motorcycles and scooters) will be cut by 8.2 per cent.

The new quotas apply to the remaining bidding exercises for this quota year, from October 2007 till March 2008.

The unaffected categories are Category A (cars with engine capacity 1,600cc and below, and taxis), Category B (cars with engine capacity 1,601cc and above) and Category E (open category).

The midquota year review is done annually in September to determine if there is a significant difference between the actual number of vehicles deregistered and the estimates done at the beginning of the year.

This year, from January to August, the actual deregistration of goods vehicles, buses and motorcycles were lower than projected, and hence the monthly COE quotas for Categories C and D will be reduced.

Tenders for the first open bidding for COEs for October will open at noon on October 1, close at 4pm on October 3. Results will be known on the same day.

For more details, please log on to www.onemotoring.com.sg. CNA/ac

SMRT Buses SG

Channel NewsAsia - Wednesday, October 3

COE prices down in all car categories

SINGAPORE : The latest COE results in the First Open Bidding Exercise for October saw a decrease in prices in all car categories.

The biggest fall was seen in the COE price for Category B (above 1600cc) down by $2,487 to $17,102.

COE price for cars below 1600cc was down by $942 to $16,999, while those in the Open Category fell by $1,199 to $18,000.

In the Goods Vehicles and Bus Category, the COE price jumped up $3,488 to $13,989.

Motorcycle COE rose $47 to $1,101. CNA/de

SMRT Buses SG

Channel NewsAsia - Thursday, November 8

Small cars see biggest jump in latest COE prices

SINGAPORE: The Certificate of Entitlement (COE) price for small cars saw the biggest jump in the latest bidding exercise.

It shot up by $4,438 to $16,839.

The COE premium for bigger cars (above 1,600cc) also rose, by $412 to $18,001.

But the COE price for goods vehicles and buses dropped to $15,001 from $15,889.

For motorcycles, it increased by $251 to $1,301.

For the Open Category, where the COEs are usually used to buy cars, the price dipped to $17,809 from $18,000. CNA/ir

reddressman SG

COE has gone up again. 16K++ cheers!!

SMRT Buses SG

Channel NewsAsia - Wednesday, February 6

SINGAPORE: There was little movement in COE prices in the first bidding exercise conducted after sweeping changes governing future car growth were announced late last month.

In the tender results released on Tuesday, COE for cars up to 1,600cc closed $1 higher at $12,002 while the premium for cars above 1,600cc was $80 lower at $13,209.

The Open category, used mainly for cars, dropped the most. It fell $500 to close at $13,301.

COE for commercial vehicles finished $500 higher at $13,001, while motorcycle COE was $13 lower at $999.

The results came as no surprise to car dealers. One reason the COE prices did not move much this time around was because the bidding exercise crossed two periods — the week before the announcements were made and the week after the announcements were made.

Dealers said they expect the earliest big movements to come in March.

Vincent Ng, product manager at Kah Motor, said: "After the first bidding in March, if Transport Minister announces new quota — which I think would be substantially smaller — I think that would spiral demand and could signal upward COE trends starting with the second bidding in March."

Edmund Gin, senior manager at Mitsubishi Sales, said: "It’s only up, no way prices are going to come down. On average, we expect COE prices to go up by $8,000 to $10,000. That will translate to an increase in car prices, also up by $8,000 to $10,000, starting from mid—April."

The government has also announced that Additional Registration Fee (ARF) will be cut from March. This should bring car prices down.

But dealers say if you are looking to replace your car, prices have never been more affordable than now.

But if you are a new car buyer, with all the recently announced increases, it is best to do your sums before making a final decision. — CNA/ir

onlooker123 SG

Do you people remember what was the record for COE prices? It was way more than 40K man.

« Previous Page