Increase in COE premiums across all categories
18 Nov 2015|5,062 views
November's second round of COE bidding exercise saw premiums for all categories increase.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, went up by $3,199 (5.7 percent) to end the bidding tender at $59,200.
Premiums for Cat B, larger cars with more than 130bhp or engine displacement larger than 1,600cc, increased by $3,602 (6.3 percent) and ended at $61,103.
In Cat E, the open category, prices went up again, increasing by $1,330 (2.2 percent), with premiums closing at $62,019.
This round of COE bidding saw a significant increase in the number of bids far exceeding the respective quotas across all categories, resulting in the increase in premiums across the board.
With COE supply remaining relatively flat for the November to January period, the rise in the number of bids could be a response by car dealers to an increase in consumer demand for new cars.
November's second round of COE bidding exercise saw premiums for all categories increase.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, went up by $3,199 (5.7 percent) to end the bidding tender at $59,200.
Premiums for Cat B, larger cars with more than 130bhp or engine displacement larger than 1,600cc, increased by $3,602 (6.3 percent) and ended at $61,103.
In Cat E, the open category, prices went up again, increasing by $1,330 (2.2 percent), with premiums closing at $62,019.
This round of COE bidding saw a significant increase in the number of bids far exceeding the respective quotas across all categories, resulting in the increase in premiums across the board.
With COE supply remaining relatively flat for the November to January period, the rise in the number of bids could be a response by car dealers to an increase in consumer demand for new cars.
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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