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) has expressed support for the Land Transport Authority's (LTA) proposed changes to the Certificate of Entitlement (COE) system, but has suggested that using exterior length, engine size, and horsepower to classify cars would provide more clarity. The MTA argues that using open market value (OMV) to segment vehicles would require more transparency, and proposes including vehicle length as an objective and easily verifiable factor to distinguish between mass-market and luxury cars.
The MTA's recommendations come in response to LTA's proposed changes, which aim to combine mass-market and luxury car categories into a single category, with a surcharge or rebate based on the percentile of vehicles registered by open market value.
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