Lewes, DE -- (SBWIRE) -- 06/20/2014 -- The latest certificate of entitlement (COE) bidding exercise, which closed on May 7 2014, saw significant price declines in most vehicle categories, with only the commercial vehicle (CV) segment registering an increase. As the accompanying table highlights, small car COEs (1,600cc and below) saw the biggest fall in prices from SGD71,335 in the previous bidding round to SGD60,002 in this latest round. Greater COE Supply Causing Price Declines.
This decline in prices has come on the back of a slew of vehicles being de-registered from May to July 2014. Since 2005, the supply of car COEs has been falling due to declining de-registrations. However, with many of the cars in Singapore's fleet now reaching the end of their 10-year COE cycle, we are going to see a greater COE quota in the next few months as these cars get taken off the country's roads. For example, the supply for car COEs will increase by roughly 42% during the May to July period, which as the table above shows, has already had a knock-on effect on their premiums.
Spanning over 69 pages, “Singapore Autos Report Q3 2014 ” report covering the SWOT, Industry Forecast, Market Overview, Competitive Landscape, Company Profile, Methodology.
Know more about this report at : - http://www.marketresearchreports.com/business-monitor-international/singapore-autos-report-q3-2014
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