Car COE extensions plunge by 50%

Fall for first time in a decade could mean bigger COE supplies ahead

Motor industry watchers said the drop in certificate of entitlement (COE) revalidations could mean more vehicles are being deregistered. And if more vehicles are scrapped, more fresh COEs will be released.
Motor industry watchers said the drop in certificate of entitlement (COE) revalidations could mean more vehicles are being deregistered. And if more vehicles are scrapped, more fresh COEs will be released.ST PHOTO: LIM YAOHUI

The number of car certificate of entitlement (COE) revalidations - which form the bulk of total COE extensions - has fallen for the first time in a decade, and this could mean bigger COE supplies ahead.

According to fresh statistics from the Land Transport Au-thority, the figure plunged by more than 50 per cent to 20,071 in 2020 - from 2019's record of 41,777.

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A version of this article appeared in the print edition of The Straits Times on April 05, 2021, with the headline 'Car COE extensions plunge by 50%'. Subscribe