SINGAPORE - Certificate of entitlement premiums ended higher in the car and motorcycle categories in the latest tender exercise on April 3.
Mr Anthony Teo, managing director of Vantage Automotive, which distributes Chinese electric vehicle brand BYD, Ford and Peugeot, believes the COE premium for larger cars breaching the $100,000 mark will have a cooling effect on buyers. Ms Sng, who oversees insurance, EV brand Lotus and sports carmaker Polestar at Wearnes, said that those who failed to get COEs would return for subsequent rounds, adding to the overall demand for COEs.
Mr Ng Choon Wee, commercial director at Komoco Motors, which distributes Hyundai cars, said that dealers who hold Open category COEs secured at lower prices and have ready stock of new cars to sell may offer more aggressive promotions at The Car Expo event on April 13 and 14 at the Singapore Expo.
Source: Car News Wire (carnewswire.net)
COE Premiums Cars Motorcycles Singapore Tender Exercise Smaller Cars Open Category Commercial Vehicles Buyers
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