May to July COE quota to shrink by 4% as zero-growth policy continues

There will be fewer Certificates of Entitlement (COEs) to bid for in the coming three months, with the overall vehicle COE pool shrinking by 4%. This is the second quota where a 0% growth policy has been applied by the Government.

The Land Transport Authority (LTA) said on Thursday (19^th April) that there will be 24,614 COEs available from May to July - down 4% from the previous quarter's 25,632.

Car COEs have taken the biggest hit, with a 7.9% monthly quota fall from 2,779 to 2,559. The quota for the Open category, which can be used for any vehicle but is used mainly for cars, has also fallen by 1.7% to 1,113 a month.

The motorcycle COE quota, however, has increased marginally by 2.7% to 1,053. There will also be more COEs for potential commercial vehicle owners to vie for. The monthly quota for these vehicles has increased by 23.7% to 610.

Unlike for other vehicles, the growth rate for commercial vehicles remains unchanged at 0.25% until the first quarter of 2021. The LTA has previously said this was to give businesses more time to improve the efficiency of their logistics operations and reduce the number of commercial vehicles they require.