The LTA has announced that car buyers will see a slight dip in COE supply for the November-January quota period.
Car buyers will see a slight dip in Certificate Of Entitlement (COE) supply for the November-January quota period, the Land Transport Authority announced 14 October 2019.
In total, new car buyers will have about 4,813 COEs a month for the November-January quota period, a 1.9% decrease from the current level In total, car buyers will have about 4,813 COEs a month (including the Open category, which can be used for any vehicle type except motorcycles but which end up mostly for bigger cars). This is 1.9% fewer than the current 4,904 COEs.
The monthly quota for cars up to 1,600cc and 130bhp will average 2,036, from 2,112 now. Cars above 1,600cc or 130bhp will have 2,023 COEs a month, from 2,083 now.
In the Open category, about 754 COEs will be available, from 709 now. This increase is largely because of recycled COEs of scrapped taxis.
Commercial vehicle buyers will have 635 COEs a month, from 566 now. Motorcycle bidders will have 1,382 COEs a month, from 1,477 currently.
In total, there will be 6,830 COEs available for bidding each month, 1.7% fewer than the 6,947 currently.