Coronavirus: COE bidding likely to be postponed, say motor traders

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Coronavirus: COE bidding likely to be postponed, say motor traders
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SINGAPORE - Will next week's certificate of entitlement (COE) bidding exercise be postponed? Industry watchers think it is likely, given the new stringent measures announced to combat the Covid-19 outbreak.. Read more at straitstimes.com.

SINGAPORE - Will next week's certificate of entitlement bidding exercise be postponed? Industry watchers think it is likely, given the new stringent measures announced to combat the Covid-19 outbreak.

"I think if all non-essential businesses are to cease, then COE bidding will have to postponed, since the motor trade is not considered to be essential," one motor trader said. Postponement of COE tenders is uncommon. Since the vehicle quota system started in 1990, there have been only a couple of postponements. One was in 2005, when a tender was postponed because of a technical glitch. Another was in 2017, ahead of significant changes to motorcycle taxes.

"If they continue with the COE bidding, they will have to allow us to carry on selling cars. It will be interesting to see what they will do."

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