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Tighter carbon emission scheme seen keeping car prices up

Despite a big spike in COE supply, most dealers don't expect premiums to head south

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CAR MATTERS: The rush to register a new car before the deadline is not confined to Cat A. Cat B buyers are also pressing dealers for timely registration because of the CEVS surcharges, which for the lowest band, C4, will be bumped up from S$20,000 to S$30,000.

Singapore

THE expected spike in the Certificate of Entitlement (COE) supply may not lead to lower car prices in the second half of 2015 due to the tightened carbon emissions-based vehicle scheme (CEVS), with continued demand from owners of ageing cars likely to buoy COE premiums as well