Surge in Enquiries for Singapore Car Dealers as COE Prices Drop

Car dealers in Singapore have seen a surge in enquiries after a significant drop in Certificate of Entitlement (COE) prices. The Land Transport Authority (LTA) has announced an increase in COE quota for the upcoming quarter. The government recognizes the importance of motorcycles and has implemented measures to prevent speculative bidding behavior for them. Car leasing companies are unlikely to be the main factor for rising COE prices. The debate on the effectiveness of the COE system is ongoing.