Singapore's vehicle population continues to grow, driven by private-hire vehicles as well as motorcycles.
Singapore's vehicle population stands at a record high, and the number of cars has surprisingly continued to rise. But what exactly is driving this growth?
The monthly average supply of COEs for the period of February to April 2021 will drop to 5,835 from the current quarter's 6,649.
The rental car population shrank by 1.4% in April, the second consecutive fall in two months, after recording near continuous growth for the past six years.
Car COE revalidations which allow motorists to keep their wheels beyond 10 years by paying a prevailing quota premium were more than halved in May to 3,282.
Despite the smaller supply of COEs, last year saw a growth in the number of privately-owned cars, owing to fewer taxi and private-hire cars.
The popularity of Nissan appears to be going on a steady downward trend in Singapore but does that mean that you should avoid buying them altogether?
To curb the private-hire car population, the Government intends to charge Uber and Grab for a licence to operate in Singapore.
According to LTA statistics, Singapore's car population has aged over the last 10 years, and is increasing business for vehicle workshops.
Senior Minister of State for Transport Lam Pin Min said that the plan to reduce Singapore's vehicle population growth will not majorly affect COE prices.
The Government has removed the growth rate factor, which has been part of the COE supply formula since 1990, for car and motorcycle populations.
According to the Land Transport Authority, car population is down four percent as the total number of vehicles shrinks for the third straight year.
The growth of Singapore's rental car population remains in the fast lane, fuelled by private-hire players such as Uber and Grab.
Singapore's car population has shrunk to a five-year low, reversing an almost unbroken trend of growth in the past decade.
Certificate of entitlement (COE) prices for cars continued to slide at the latest tender yesterday, despite new model launches and aggressive sales promotions.
Certificate of entitlement (COE) prices ended higher across the board at the latest tender yesterday, with Open and motorcycle premiums jumping the most.
Senior Minister of State for Transport Josephine Teo said yesterday that the vehicle growth rate in Singapore is likely to be reduced to zero.
Singapore's private car population has fallen to its lowest level since 2011, and the shrinkage could continue as COE supply 'lags'.
Vehicle population in Singapore takes a dive for the first time in more than 10 years, with private car clocking the sharpest dip of 0.4 percent.
Transport Minister Lui Tuck Yew reassures that the Government is not changing its initial plans to cut annual vehicle population growth amidst high COE prices.