All COE premiums increase in second bidding of March 2015
18 Mar 2015|5,952 views
All prices went up in the second bidding exercise for the month of March. Prices for Cat A, for cars up to 1,600cc and no more than 130bhp, went up by $3,290 to end at $64,700 from $61,410 two weeks ago.
Cat B premiums clocked the sharpest hike in the exercise by closing at $71,889 - a hike of $3,221 or 4.69 percent.
Likewise, the Open Category, or Category E, saw premiums rise by $1,210 to end the bidding at $75,200 - a 2.27 percent increase.
As seen, demand for COEs rose, especially for smaller models. The Land Transport Authority (LTA) received 2,251 bids for Category A COEs, 131 more than the last exercise.
This sustained demand could have been caused by changes to the Carbon Emission-Based Vehicle Scheme (CEVS) that have prompted car dealers to slash prices in a bid to boost sales.
Premiums are also expected by industry experts to stay high despite the influx of COE in the upcoming months caused by the bumper crop of cars that will be deregistered.
All prices went up in the second bidding exercise for the month of March. Prices for Cat A, for cars up to 1,600cc and no more than 130bhp, went up by $3,290 to end at $64,700 from $61,410 two weeks ago.
Cat B premiums clocked the sharpest hike in the exercise by closing at $71,889 - a hike of $3,221 or 4.69 percent.
Likewise, the Open Category, or Category E, saw premiums rise by $1,210 to end the bidding at $75,200 - a 2.27 percent increase.
As seen, demand for COEs rose, especially for smaller models. The Land Transport Authority (LTA) received 2,251 bids for Category A COEs, 131 more than the last exercise.
This sustained demand could have been caused by changes to the Carbon Emission-Based Vehicle Scheme (CEVS) that have prompted car dealers to slash prices in a bid to boost sales.
Premiums are also expected by industry experts to stay high despite the influx of COE in the upcoming months caused by the bumper crop of cars that will be deregistered.
Latest COE Prices
April 2024 | 2nd BIDDING
NEXT TENDER: 08 May 2024
CAT A$94,010
CAT B$102,001
CAT C$68,502
CAT E$103,249
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