COE premium spike points to more hikes this year, warn industry observers
They tie this to reduced quota and increased time for returning de-registrations to the market
The Certificate of Entitlement (COE) premium spike suggests further increases this year, according to industry experts. The latest COE bidding round on August 19 revealed that passenger car premiums are unlikely to decline significantly in the coming weeks, as the supply continues to fall short of demand. Nicholas Wong, chief executive officer of Honda dealer Kah Motor, stated that "COE premiums are not going to drop in the coming months, because the supply will continue to be in shortfall of demand."
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- COE premium spike points to more hikes this year, warn industry observers businesstimes.com.sg
