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Tighter carbon emission scheme seen keeping car prices up
Despite a big spike in COE supply, most dealers don't expect premiums to head south
Add BT as a preferred sourcePublished Fri, Apr 17, 2015 · 09:50 PM
Singapore
THE expected spike in the Certificate of Entitlement (COE) supply may not lead to lower car prices in the second half of 2015 due to the tightened carbon emissions-based vehicle scheme (CEVS), with continued demand from owners of ageing cars likely to buoy COE premiums as well.
The new COE quota for May-July 2015 will have 44.6 per cent more Category A small car COEs than the current quota for February-April 2015, while Cat B big car COEs get 28.5 per cent extra. Cat E - the open category which currently tracks Cat B in terms of premium - will enjoy a 54.4 per cent jump.
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