COE review: Motor traders suggest using vehicle length, engine size and power to classify cars
Trade body supports LTA’s proposals, but says using OMV to judge car class needs more clarity
The Motor Traders Association of Singapore (MTA) supports the Land Transport Authority's (LTA) proposed changes to the Certificate of Entitlement (COE) system but suggests using vehicle exterior length, engine size, and power to differentiate between mass-market and luxury cars. MTA argues that exterior length is an objective measure supported by homologation records and widely used in Europe and Japan.
They also recommend preserving existing engine capacity and horsepower limits, while including vehicle length as a factor to distinguish mainstream and luxury vehicles. MTA proposes a more transparent approach to open market value (OMV) if it is used to segment vehicles, including a fixed OMV cap. They caution that using historical median OMV values may lag behind current market conditions and that different sellers may have varying OMVs for similar models.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
