More less-expensive Cat B cars registered
The vehicle-financing curbs, tiered registration tax and high COEs are affecting buying patterns in Cat B
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE recategorisation of Certificate of Entitlement (COE) Category A a year ago has led not only to the median Open Market Value (OMV) of small cars falling, but also that of bigger and more expensive Cat B cars - though the reasons differ.
While there has been a surge in mass-market cars rather than luxury models being registered in Cat A because of an engine-output cap, it appears that vehicle-financing restrictions, a tiered registration tax structure and high COE premiums are behind the changes in Cat B registrations.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
