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Based on the recent trend of high deregistration, especially between 2001 and 2005, the annual issue of COEs has been quite generous. Even so, the balance tipped towards deregistration for a couple of years, when more cars were taken off the road than new cars were added – although there was a 5.1 per cent growth in 2005. Last year, 117,062 new cars were registered.
In contrast, 82,811 cars were deregistrated – 6 per cent fewer than in 2005. This is the first drop in the number of cars taken off the roads since 1996 – just before the trend of early deregistration emerged. During this period till 2005, many people were deregistering, that is scrapping or exporting cars as new as three years old...
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