COE quotas slip in August: LTA

Category E cars get biggest cuts.

Prospective car owners will have to grapple with lower COE quotas from August to October this year, the LTA revealed in a statement yesterday.

The Certificate of Entitlement (COE) quota for August to October 2014 will be 11,331, down from 12060 units from May to July.

The quota for Category A cars will get a 13.1% boost to 1,143 COEs per month, up from 1,011 COEs in the previous period. Category B cars also received a 4.6% increase, up to 1,010 COEs for this period compared to 966 from May-July.

The biggest cuts were seen for Category C and Category E cars. The quota for Cat C cars, made up of goods vehicles and buses, was slashed to 515 from 770 in the previous period.

Quotas for Category E cars declined from 586 from May-June to 478 from August to October.

Here’s more from the LTA:

Bidding under this quota will start with the first COE bidding exercise in August 2014. The COE quota consists of the following components:

Provision for 0.5% per annum vehicle growth based on the vehicle population as at 31 December 2013;

Replacement COEs for vehicles deregistered in the preceding three-month period of April to June 2014;

Adjustments for changes in the taxi population, expired COEs, and over-projection of vehicle deregistrations in 2008/2009.

The next quota announcement for the bidding period of November 2014 to January 2015 will be made in October 2014.