(Photo Credit: Yahoo Finance)
The Certificate of Entitlement (COE) quota for February 2021 to April 2021 will drop to 17,115 – an average of 5,705 a month.
In comparison, the COE quota from November 2020 to January 2021 was 19,954 – an average of 6,649 per month. The quotas continue to drop with each passing quarter.
In a press release sent out by the Land Transport Authority (LTA), the average monthly quota for Cat A (Cars up to 1600CC & 97kW) will decrease from 1,925 to 1,766 – a drop of 159.
The average monthly quota for Cat B (Cars above 1600CC or 97kW) also dropped from 2,014 to 1,883 – a smaller drop of 131.
For goods vehicles and buses in Cat C, the average monthly quota dropped from 735 to 511 – drop of 224.
The average monthly quota for Cat D (Motorcycles) increased by 34, a mere hike from 1,049 to 1,083.
Lastly, Cat E (Open Category) saw the biggest drop for this quarter – dipping from 926 to 592, a decrease of 334.
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