The
latest certificate of entitlement (COE) bidding exercise, which closed on May 7
2014, saw significant price declines in most vehicle categories, with only the
commercial vehicle (CV) segment registering an increase. As the accompanying
table highlights, small car COEs (1,600cc and below) saw the biggest fall in
prices from SGD71,335 in the previous bidding round to SGD60,002 in this latest
round. Greater COE Supply Causing Price Declines…
This
decline in prices has come on the back of a slew of vehicles being
de-registered from May to July 2014. Since 2005, the supply of car COEs has
been falling due to declining de-registrations. However, with many of the cars
in Singapore's fleet now reaching the end of their 10-year COE cycle, we are
going to see a greater COE quota in the next few months as these cars get taken
off the country's roads. For example, the supply for car COEs will increase by
roughly 42% during the May to July period, which as the table above shows, has
already had a knock-on effect on their premiums.
Spanning over 69 pages, “Singapore Autos Report Q3 2014 ” report
covering the SWOT, Industry Forecast, Market Overview, Competitive Landscape,
Company Profile, Methodology.
Know more about this report at : - http://mrr.cm/ZAu
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