COE results just dropped for May 6, and if you're running a fleet in Singapore, the numbers are worth paying attention to.
Category C — that's the commercial vehicles segment, closed at S$87,479, up 4.76% from the previous exercise. Not a shock, but not nothing either. Every time premiums climb, the math on buying new gets a little harder to justify.
We've been having more conversations lately with SME owners who are doing exactly that math. When a COE alone costs close to six figures before you've even talked about the truck itself, pre-owned starts looking less like a compromise and more like the sensible call. Good used trucks and vans are out there, road-ready, properly maintained, and without the bidding cycle anxiety.
The EV angle is worth watching, too. Infrastructure in Singapore is still maturing, but the direction of travel is clear, and fuel and maintenance savings do add up over time for the right operations. If the current COE environment has you rethinking your fleet strategy, whether that's offloading assets, acquiring pre-owned, or exploring electric options — come have a conversation with us at Wcega Plaza. No pressure, just honest numbers.