COE Supply for cars to fall in May-July by about 480 cars! - TheWackyDuo.com - Singapore Wacky Digital Underground Outpost

COE Supply for cars to fall in May-July by about 480 cars!

COE supply to drop even more next quarter!

From May to July 2023, for cars with engines up to 1600cc and 130 bhp and for Electric Vehicles (EV) up to 110 kilowatts, there will be a monthly average of 932 COE. It will be 7.72 % less than the monthly average of 1,010 for Feb to Apr.

For larger cars, COE will also drop from a monthly average of 860 to 789. This represents a drop of 8.26%. Open Category COE falls from 259 on average to 248, making a cut of 4.25%.

This means in total the average supply of cars will drop from 2129 average to 1969. A drop of 7.33% or about 480 cars in total. 



This news came after COE for Cat A, B, and E reached new highs, with Cat A breaking the 100K barrier at $103,721. Will Cat A breach 120K and Cat B hits 150K after this news?

Source : Business Times


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