Motorcycle COE Bidding
The last COE bidding exercise for 2014 has come to an end. At the end of the day, the COE premiums closes off with an amount of $4,312 with a slight increase from the previous bidding exercise with an amount of $4,210. There is a difference of $102 which is acceptable. However, with the constant increment in COE Quote Premium, it is in fact a big amount. From Dec 2013 with a premium of $1,813 to Dec 2014 with a premium of $4,312, the difference of nearly $2,500 is astonishing.
Based on the bidding results, it it clear that the demand for new motorcycle is increasing slowly and slowly. But, what could the main reason be? Could it be due to expensive cars in Singapore? Could it be because motorcycle are more convenient? Take a look at the graph below and decide for yourself. Do you think that there is chance for yet another ascending graph for year 2015? Will the COE quota premium stop increasing? Log in to your facebook and comment at the comment box below. Share with us what do you think about the gradual increment of COE quota? Is it good or is it a bad thing to increase COE quota premium to such a high amount. Afterall, it is just a piece of paper as said by many.
