The Motor Traders Association supports merging car bidding categories but insists that physical vehicle length, engine capacity, and power limits must remain active filters. This push follows an influx of lower-powered electric models that overcrowded Category A, driving its premiums above Category B in four tenders this year. The association also urged regulators to adopt fixed open market value thresholds rather than relying on previous-year median calculations. Furthermore, the group recommended retaining the Open category while applying the same financial adjustments to it.
Key points
Incorporating vehicle length alongside power caps is intended to stop luxury models from…: Incorporating vehicle length alongside power caps is intended to stop luxury models from securing mass-market financial discounts.
Establishing fixed open market value bands offers greater clarity to buyers and dealers t…: Establishing fixed open market value bands offers greater clarity to buyers and dealers than shifting median benchmarks.
Retaining the Open category with standardized surcharges and rebates ensures parity acros…: Retaining the Open category with standardized surcharges and rebates ensures parity across the entire vehicle quota system.
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- MTA wants car length added to COE rules. It says smaller cars should stay separate from larger, more powerful models.
- LTA proposes to merge the two car COE categories into one pool. It will use open market value, or OMV, to set rebates or surcharges.
- MTA warns OMV alone could blur the line between mass-market and luxury cars. It prefers OMV with engine size, power output, and fixed thresholds to keep the system clear.
AI generated
SINGAPORE – The industry body representing authorised car distributors in Singapore has proposed using vehicle length as an additional criterion to determine the amount a car buyer pays for a certificate of entitlement (COE).
The Motor Traders Association (MTA) set out its recommendations in a document in response to the proposed revision to the COE categorisation framework that the Land Transport Authority (LTA) announced on Oct 8.
LTA had sought public feedback on its proposal to merge the existing COE car categories and use a rebate and surcharge system to better differentiate the price of certificates used to register mass-market cars…
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