COE quota for August to October inches up 1.2% to 15,283
The number of certificates of entitlement (COE) available for bidding from August to October will rise to 15,283, a 1.2 per cent increase from the 15,104 certificates available between May and July.
The Land Transport Authority (LTA) said on July 23 that there will be 5,864 Category A COEs for the next three months, 1.5 per cent more than the 5,775 available from May to July. These COEs are used to register smaller, less powerful cars and electric vehicles (EVs).
The increase was due to more Category A cars being deregistered and more temporary COEs that expired because they were not used during their six-month validity period.
For Category B, meant for larger, more powerful cars and EVs, there will be 3,980 certificates from August to October, 36 more than the current three-month period.
The quota for commercial vehicles (Category C) will rise by 5.4 per cent to 1,299. This is 67 more than the 1,232 commercial vehicle COEs available for bidding from May to July.
The commercial vehicle category is the only one where the vehicle population is allowed to grow, but only at a rate of 0.25 per cent yearly.
Meanwhile, the number of COEs in the Open category (Category E) will fall slightly to 1,035, down 1.2 per cent from 1,048 at present. These certificates can be used to register all vehicle types except motorcycles but tend to be used to register larger cars or EVs.
The fall comes after the number of COEs available in the category had risen by 12.9 per cent between May and July.
As for motorcycles (Category D), the supply of COEs will remain unchanged at 3,105.
The main determinant in calculating COE supply is the average monthly number of vehicles that are deregistered over a rolling four-quarter period.
Since 2023, the LTA has also been injecting certificates into the pool that are due to expire in the next projected supply peak – a move the authority has said is meant to reduce quarter-on-quarter volatility in COE supply.
The car COE categories got their first injection in May 2023. The motorcycle COE category also received such a redistribution in the February to April 2024 period.
The upcoming quota for August to October will include 2,641 such redistributed COEs: 1,100 in Category A, 800 in Category B, and 741 for motorcycles.
This is an increase from 2,400 redistributed certificates from May to July.
LTA said it will announce in October the COE quota for the next bidding period between November 2024 and January 2025.
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