Monday, September 9, 2013

Changes to COE to Category A announced


In a press release titled New Criteria For Category A Cars, Singapore Land Transport Authority (LTA) has announced the new changes to COE (Certificate of Entitlements) system. The engine capacity of the car should sill not exceed 1,600 cylinder capacity (cc) but additionally the engine power of the car should not exceed 97 kilowatts (kW) (equivalent to about 130 brake horsepower (bhp)).

So Category A now covers cars up to 1,600 cc and 97 kw (130 bhp) and Category B covers cars above 1,600 cc or 97 kw (130 bhp). This change to COE will mean that nearly half of today's mass market cars would be reclassified as premium models, or fall under the COE Category B (for cars with 1,600cc and above).

The Certificate of Entitlement or COE is the quota license received from a successful winning bid in a sealed bid uniform price auction which grants the legal right of the holder to register, own and use a vehicle in Singapore for a period of 10 years. Before buying a new vehicle, potential owners in Singapore are required by the Land Transport Authority (LTA) to first place a monetary bid for a Certificate of Entitlement. The number of available COEs is governed by a quota system called the Vehicle Quota System (VQS) and is announced by LTA in April of each year with a review in October for possible adjustments for the period of one year starting from May. Approximately one-twelfth of the yearly quota is auctioned off each month in a sealed-bid, uniform price auction system and successful bidders pay the lowest winning bid.

LTA also said that although it acknowledged that many who were consulted favoured cars to be categorised based on their Open Market Value (OMV) it is not practical to use the OMV of a car model for categorisation as OMV can fluctuate quite significantly for different batches of the same car, due to variations in exchange rates and car model specifications. LTA has also announced that it will not implement a surcharge on multiple car ownership.

So which current Cat A car models are moving into Cat B?  Below is a list from LTA showing category A car models registered in 2012 that would have been moved to Cat B under the new criteria.

Make Model Average Engine Capacity (cc) Average Engine Power
kW bhp
Lotus ELISE 1,598 100 134
Mazda RX8 1308 158 212
Volvo V60 1596 132 177
Volvo S80 1596 132 177
Peugeot RCZ 1598 123 164
Fiat 500 ABARTH 1368 132 177
Citroen DS5 1598 115 154
Audi A1 S-TRONIC 1390 136 182
Volkswagen TIUGAN 1390 110 148
Volkswagen GOLF 1390 118 158
Volkswagen TOURAN SPORT 1,390 125 168
Mini COOPER S 1598 135 182
Mercedes-Benz C180 1596 115 154
BMW 118i 1598 125 168
Peugeot 5008 1598 115 154
Peugeot 508 1598 115 154
Citroen DS4 1598 118 158
Opel ASTRA 1.6 1598 132 177
Citroen C5 1598 115 154
BMW 116i 1598 100 134
Volkswagen SCIROCCO 1,390 118 158
Alfa Romeo GIULIETTA 1368 125 168
Mercedes-Benz B200 1595 115 154
Opel ZAFIRA TOURER 1362 103 138
Volkswagen JETTA 1390 118 158
Peugeot 308 TURBO 1598 118 158
Volkswagen POLO 1390 103 138
Peugeot 3008 1598 115 154
Volkswagen TOURAN 1390 103 138
Skoda FABIA RS 1390 132 177
Opel ASTRA 1.4 1,363 103 138
Citroen DS3 1.6 1598 115 154
Citroen GRAND C4 PICASSO 1598 115 154
Alfa Romeo MITO 1368 99 133
Fiat BRAVO 1368 103 138
Hyundai VELOSTER FS 1591 137 184
Hyundai VELOSTER 1591 103 138
Suzuki SWIFT SPORT 1.6 1586 100 134
Proton EXORA 1561 103 138
Seat IBIZA 1390 121 162

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