COE supply is set to increase for the upcoming quarter due to increased vehicle deregistrations in August and the return of quota of the suspended COE bidding.
With higher vehicle deregistrations for July and the return of quota of the suspended COE bidding, COE supply is set to increase for Nov-2020 to Jan-2021.
Slowdown in deregistrations of old cars as taxi app firms, such as Uber and GrabTaxi, snap up near-COE-expiry cars for their fleets.
The Business Times expects an increase in COE quotas for the next six months, starting August 2013, as more vehicles will be deregistered.
