COE premium spike points to more hikes this year, warn industry observers
They tie this to reduced quota and increased time for returning de-registrations to the market
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[SINGAPORE] After the latest round of Certificate of Entitlement (COE) bidding on Wednesday (Aug 19), automotive industry observers said they do not expect passenger car premiums to fall significantly in the coming weeks.
Nicholas Wong, chief executive officer of authorised Honda dealer Kah Motor, said: “COE premiums are not going to drop in the coming months, because the supply will continue to be in shortfall of demand.”
In the latest round of COE bidding, August’s second, premiums for all passenger car categories rose.
