Motor Mouth
COE price surge goes beyond supply and demand
More discretionary purchases, speculative bidding and private-hire fleet renewal converge to form a perfect storm
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Car buyers may be in for a mauling in the Year of the Tiger, with certificate of entitlement (COE) prices now inching towards record levels.
Category A (for cars up to 1,600cc and 130bhp) has breached $60,000 for the first time since 2015. And Category B (for cars above 1,600cc or 130bhp) and its proxy - the Open category - are closing in on the $90,000 barrier despite having a larger supply of certificates than Category A.
