1. The Certificate of Entitlement (COE) quota for May to July 2015 will be 19,912. Details of the quota for each vehicle category are in Annex A. Bidding under this quota will start with the first COE bidding exercise in May 2015.
2. The COE quota consists of the following components:
a. Provision for 0.25% per annum vehicle growth based on the vehicle population as at 31 December 2014;
b. Replacement COEs from vehicles deregistered in the preceding three-month period of January to March 2015;
c. Adjustments for changes in the taxi population, replacement of commercial vehicles under the Early Turnover Scheme, and expired COEs.
3. Replacement COEs, i.e. COEs that come from deregistrations, account for most of the COE supply. In the next two years, the number of vehicles reaching the tenth year of their COE life is expected to increase. Please refer to Annex A for details on the components of the COE quota and Annex B for the age profile of the vehicle population.
4. The next quota announcement for the bidding period of August to October 2015 will be made in July 2015.
Annex A: Monthly COE Quota for May 2015 to July 2015
Annex B: Age Profile of Motor Vehicle Population