Looking ahead, the COE quota for Categories A, B, and C is expected to continue its upward trajectory in 2024
SINGAPORE: On Friday, Nov 3, the Land Transport Authority announced an increased COE quota for Category A, B, and C from November 2023 to January 2024. This update from their Oct 13 COE quota announcement involves the reallocation of an additional 1,614 COEs to Categories A, B, and C on top of the 1,895 COEs previously allocated on Oct 13, 2023. This decision aims to meet the rising demand for cars in these categories.
A provision for 0.25% per annum growth for Category C, which is based on the Category C vehicle population as of 31st December 2022. Compared to the last quarter , the COE quota for November 2023 to January 2024 represents a 13% increase. Notably, the quota for Category A, predominantly used for mass-market cars, stands 22% higher than the previous quarter and an impressive 81% higher than the same quarter in the previous year. This significant increase has been achieved by bringing forward 1,570 guaranteed deregistrations of vehicles on five-year renewals.
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