Chart of the Day: See the massive spike in car de-registrations due in 2015
Singapore Business Review – 8 hours ago
But
COE premiums will stay elevated.
This chart from the Monetary Authority of Singapore (
MAS) shows that there will be a sharp surge in vehicle de-registrations this year.
This comes on back of over 100,000 vehicles that will be between 9-10 years old this year. Under the Certificate of Entitlement (
COE) system, most cars will have to be scrapped after a decade.
However, the
MAS warns that
COE premiums will remain elevated as there is firm replacement demand.
“Current car
COE premiums remain significantly higher than in early 2010 when quotas were at similar levels, partly owing to firm replacement demand. Thus, even with the expected surge in car
COE quotas for the rest of the year, arising from the large number of cars due for de-registration,
COE premiums could fall only moderately,” stated the
MAS.
Quote:
Originally Posted by Unregistered
This week will be an exciting bidding exercise as we will witness how much the COE till plunge with the avalanche of quota.
My guess.
Cat A - $58k
Cat B - $68k
Huat ah
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