The COE quota for the three-month period of August to October 2024 will be 15,283 - which is merely 1.2% more than the May-July COE quota
There will be 179 more certificates of entitlement (COEs) for the 2024 August-October quarter, with about half of the insignificant addition going to COE Category A.
According to LTA (Land Transport Authority), the next COE quota for Categories A, B and C will go up by 1 percent to 5 percent.
Looking at the individual COE Categories, Category C for commercial vehicles (including buses, vans and trucks) has the biggest percentage increase of 5.4%, helped by the fact that it remains the only COE Category where growth is allowed (+0.25% of Cat C vehicle population as of 2023 December).
COE Category A (for fuel-burning cars with engines up to 1600cc and power output of up to 130bhp, and battery-electric cars with up to 110kW of pure electric power) sees a 1.54 percent increase in the number of COEs, while COE Category B (for internal-combustion cars with engines above 1600cc or 130bhp, or electric vehicles with maximum power output of over 110kW) sees a smaller increase of under 1 percent.
COE “Open” Category E, which actually goes towards the bigger/costlier and more powerful cars classified under Cat B, will be getting 13 fewer certificates, which is nothing in the grand scheme of LTA things. Nothing, too, are the 36 more COEs for Category B, which equates to just six more COEs for each of the six bidding rounds in the August-October period.
Nothing much are the 89 more Cat A COEs, which are mere drops in the passenger car ocean.
A senior executive at a major Japanese car brand told Motorist: “The deregistration numbers are not increasing, so there would have been less COEs without the additional clawback (from future guaranteed vehicle deregistrations).”
A director at a major Korean car brand told Motorist: “The authority has managed to stabilise the COE supply with its pick-and-fill approach. The marginal increases in Categories A and B will not affect the premiums too much, unless there’s a sudden surge in demand or the consumers delay their new car purchases.”
LTA will announce the COE quota for the bidding period of November 2024 to January 2025 in October this year.
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Here are some other resources that might be of interest:
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COE Hike: Why It's A Good Time To Sell Your Current Car Now
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