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 source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
