bullish

Singapore Automotive Market View

139 Views04 May 2026 10:17
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SUMMARY
  • 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.
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  • Singapore Automotive Market View
    04 May 2026
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