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
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.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
