Big-car COE supply to surpass that of small cars
Ratio likely to swing next year, in a first since system was started in 1990
Published on Jun 11, 2014 6:52 AM
From as early as next year, there will be more certificates of entitlement (COEs) for bigger and costlier cars than for smaller ones, according to projections based on Land Transport Authority (LTA) data.
This will reverse a distribution pattern that has been in place since the COE system was implemented in 1990.
Back then, the supply of "small car" COEs outstripped "big car" (above 1,600cc or 130bhp) certificates almost five to one.
But because buyers and sellers of bigger cars have always been able to outbid others for Open COEs - which can be used for any vehicle type but ends up mainly for bigger cars - their cohort has undergone accelerated growth over the years.
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