Car prices expected to dip with more COEs, but sharp drop unlikely soon: Motor traders

SINGAPORE - The additional certificates of entitlement (COEs) that will be redistributed to the car categories over the next few quarters may help to bring down car prices, but consumers hoping for a larger drop in COE premiums will have to wait longer.

Some motor traders made this prediction in response to the

one-time adjustment

made by the Land Transport Authority (LTA) to the two car COE categories that was announced on Monday.