(Photo Credit: Yahoo Finance)
The Certificate of Entitlement (COE) quota for February 2020 to April 2020 will drop to 19,055 – roughly an average of 6,351 a month.
In comparison, the COE quota from November 2019 to January 2020 was 20,498 – an average of 6,832 per month. The quotas continue to drop with each passing quarter.
In a press release sent out by the Land Transport Authority (LTA) today, the average monthly quota for Cat A (Cars up to 1600CC & 97kW) will decrease from 2,036 to 1,945 – a drop of 91. The average monthly quota for Cat B (Cars above 1600CC or 97kW) also dropped from 2,023 to 1,966 – a smaller drop of 57.
All the other categories face decreases as well.
For goods vehicles and buses in Cat C, the average monthly quota dropped from 635 to 629 – dropping by a mere 6 spots.
The average monthly quota for Cat D (Motorcycles) faced a bigger decrease of 227, from 1,382 to 1,155.
Lastly, Cat E (Open Category) saw the biggest drop for this quarter – dipping from 754 to 655, a decrease of 99.
(Photo Credit: LTA)
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