From a supply perspective, the anticipated increase in Certificate of Entitlement (“COE”) availability, driven by policy flexibility and a growing pool of vehicle deregistrations, should help accommodate demand without materially expanding the vehicle population.
However, COE prices have remained elevated, underscoring sustained demand for vehicles, particularly from Electric Vehicle (“EV”) adoption and ongoing purchases by private-hire car (“PHC”) fleets.
As a result, COE dynamics are likely to remain a key determinant of industry activity in the near to medium term.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.