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Maybe it’s time to reverse induced demand to resuscitate our love-hate relationship with travelling on the roads.
In the second round of COE bidding, prices close higher for the month of July with the biggest increase in the open category.
COE premiums ended higher again in the latest tender yesterday as the easing of car-financing rules continued to fan pent-up demand.
Cheapest COEs in five years drew shoppers to car showrooms over the weekend, but premiums are expected to rebound with rising demand.
Slowdown in deregistrations of old cars as taxi app firms, such as Uber and GrabTaxi, snap up near-COE-expiry cars for their fleets.
Demand for new cars stays bullish despite the earlier announcement that COE quota for the next quarter will rise by a substantial 41 percent.
Despite a huge spike in Certificates of Entitlement supply, most automotive dealers are not expecting premiums to drop.
Certificate of Entitlement (COE) prices ended higher all round at the latest tender yesterday, as many rushed to replace their cars.
The first bidding exercise in November ended with demand for Cat A staying strong, while premiums for big car COEs took a dip.
Once again, COE premiums across all categories continue to tumble, while COE prices for bigger cars ended higher than $65,000.
The demand for cars, especially those in Category B COE, are still strong as COE premiums across all categories continues to climb.
Demand stays strong in March's first COE bidding exercise, with only Cat A taking a minute dip of $200 while other categories soar.
The first bidding after tweaks to the COE system saw demand for Cat A staying strong, while premiums for big car COEs dip sharply.
Demand for big cars remain strong in the first COE exercise of 2014, while premiums for Category A has taken a small slump.
COE prices reduce across categories B and E at the end of the day, after the third last bidding session of the year, while Cat A demand stands strong.
A blend of rising and falling premiums for April's second bidding exercise, with interest in small cars staying strong and big cars fall.
The recent announcement for reduced COE quotas till July 2013 did not spike a rush for new car demand - The Straits Times reports.
The first COE bidding exercise for October sees a 9% rebound in Cat A prices, with falling premiums for Cat B and Open Cat.
Following the last bidding exercise, July's first bidding saw a mixture of fluctuations, with Open Category seeing a rise, while Cat. B takes dip.