41% spike in May-July COE quota
THERE will be a whopping 41.1 per cent more certificates of entitlement (COEs) from next month onwards.
The quota for May-July 2015 will have a total of 19,912 COEs, or 6,637 monthly.
Of these, there will be 2,853 Category A small car COEs per month, or a 44.6 per cent increase from the previous February-April 2015 quota.
Cat B - for bigger cars, ie those above 1,600cc or 130 hp - will see a 28.5 per cent rise to 1,856 COEs each month, while Cat E - the open category which currently tracks Cat B in terms of premium - will enjoy a 54.4 per cent jump to 539 COEs monthly.
But it is Cat C - for goods vehicles and buses - which sees the biggest percentage increase of 99.5 per cent to 736 COEs per month. Meanwhile, Cat D - for motorcycles - gets the smallest hike of 14.6 per cent to 653 COEs.
COE Tracker: An annotated interactive chart with the latest COE results and data from the past 10 years
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
‘Heavy congestion’ in South-east Asia transhipment ports prompts feeder operators to levy surcharge
Renault Q1 sales rise 1.8%, helped by financing business
Honda to build major EV plant in Canada
Elon Musk’s robotaxi dreams plunge Tesla into chaos
Boeing expects slower increase in 787 production rate and deliveries: memo
Tesla cuts marketing team in reversal of Musk’s ad strategy