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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.