Car COE premiums expected to rise despite bigger quota
Singapore
HIGHER demand could push certificate of entitlement (COE) premiums up on Wednesday despite the new and bigger COE quota for passenger cars. But news of the increase in COE supply does not seem to have benefited everyone in the car market, and only those manufacturers with stronger brand equity and a newer range of models are enjoying better business.
After the announcement nearly three weeks ago that the November 2014 to January 2015 COE quota will expand by 5.3 per cent, showrooms of some popular brands have been busier while others remained relatively quiet. Makes such as Mazda, Toyota, Nissan and Hyundai are understood to have seen bookings go up by as much as 100 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’