A slight dip in Cat A COE, and slight increases for Cat B and E premiums
03 Aug 2016|4,714 views
In the first COE bidding exercise in August, premiums for Cat A dip slightly, while Cat B and E premiums continue to rise.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, went down by $497 (0.9 percent) to end the bidding tender at $52,503.
Premiums for Cat B, larger cars with more than 130bhp or engine displacement larger than 1,600cc, went up marginally by $395 (0.7 percent) and ended at $57,903.
In Cat E, the open category, prices went up $700 (1.2 percent), with premiums closing at $57,501.
With increasing Cat B and E premiums, and decreasing Cat A premiums, it appears that new car buyers aren't just looking towards the spate of smaller-capacity cars, but embracing all new premium models like the new Mercedes-Benz E-Class. Also, with the shrink in COE quota from August to October, we won't be surprise if Cat B premiums continue to rise.
In the first COE bidding exercise in August, premiums for Cat A dip slightly, while Cat B and E premiums continue to rise.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, went down by $497 (0.9 percent) to end the bidding tender at $52,503.
Premiums for Cat B, larger cars with more than 130bhp or engine displacement larger than 1,600cc, went up marginally by $395 (0.7 percent) and ended at $57,903.
In Cat E, the open category, prices went up $700 (1.2 percent), with premiums closing at $57,501.
With increasing Cat B and E premiums, and decreasing Cat A premiums, it appears that new car buyers aren't just looking towards the spate of smaller-capacity cars, but embracing all new premium models like the new Mercedes-Benz E-Class. Also, with the shrink in COE quota from August to October, we won't be surprise if Cat B premiums continue to rise.
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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