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PR Newswire
09-02-2017, 02:54 PM
Just reproducing the Group Outlook statement: "Business conditions are expected to remain difficult for both the vehicle and non-vehicle testing businesses. The vehicle testing business will continue to face challenges posed by the high de-registration rate although this will be offset partially by an increase in the number of Certificate of Entitlement (COE) revalidations. The non-vehicle testing business will continue to weaken with the general slowdown in the industries that we serve."
I think that this substantially helps with ameliorating the effects of the deregistration moving forwards since the inspection schedule for revalidated COEs (i.e. extension of COEs) will yield greater yields (cars are reinspected annually instead of biannually).
Cross referencing this to the LTA site: cars with more than 10 years doubled in about a year from 22,671 (in 31 Jan 2016) to 48,130 (31 Dec 2016) - or 3.77% to 8% of the total vehicle population. (source: https://www.lta.gov.sg/content/dam/ltawe...3M-Age.pdf)
(vested)
I think that this substantially helps with ameliorating the effects of the deregistration moving forwards since the inspection schedule for revalidated COEs (i.e. extension of COEs) will yield greater yields (cars are reinspected annually instead of biannually).
Cross referencing this to the LTA site: cars with more than 10 years doubled in about a year from 22,671 (in 31 Jan 2016) to 48,130 (31 Dec 2016) - or 3.77% to 8% of the total vehicle population. (source: https://www.lta.gov.sg/content/dam/ltawe...3M-Age.pdf)
(vested)