{
  "id": 13090496,
  "title": "Proposed S$15,000 COE surcharge too low to deter luxury car buyers, some dealers say",
  "url": "https://urgent.news/2026/10/09/proposed-s-15-000-coe-surcharge-too-low-to-deter-luxury-car-buyers",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T10:11:19.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/singapore/car-coe-price-affordable-expensive-surcharge-rebate-open-market-value-6445581"
  },
  "original_language": "en",
  "account": "Car dealers argue that a proposed S$15,000 surcharge on COE for luxury cars may be too low to deter high-end buyers. The Singapore Land Transport Authority (LTA) is seeking public input on merging COE categories A and B, which classify cars by engine size and power into a single category. Fees and rebates based on open market value would be introduced for different car models. LTA expects merging the categories to better distinguish high-end and mass-market vehicles, as the price gap has been narrowing. Dealers believe a higher surcharge, such as S$25,000, would be more effective in lowering the average COE premium and making cars more affordable for families and caregivers. Some dealers anticipate a shift in demand, with consumers opting for mass-market cars due to rebates and lower competition for COEs from luxury car buyers.",
  "summary": "Some prospective buyers of mass-market cars are holding off on purchases as the Land Transport Authority conducts a public consultation on merging COE categories A and B.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNA - Singapore",
        "title": "Proposed S$15,000 COE surcharge too low to deter luxury car buyers, some dealers say",
        "url": "https://urgent.news/2026/10/09/proposed-s-15-000-coe-surcharge-too-low-to-deter-luxury-car-buyers-13090684",
        "published": "2026-10-09T10:11:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}