COE premiums rise across the board following record-low Cat A prices
20 Sep 2017|4,197 views
In the second COE bidding exercise for September, COE premiums see an increase for Cat A, B and E.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $6,901 (19.2 percent) and ended at $42,902.
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, went up by $189 (0.4 percent) and ended at $49,189.
In Cat E, the open category, prices also rose by $1,007 (2.1 percent), with premiums closing at $49,012.
The small car COE category has seen a significant increase in premiums since its record-low drop during the last tender. This could most likely have been caused by a sudden influx of vehicle buyers rushing to purchase Cat A cars since the last bidding. Car showrooms saw a substantial increase in foot traffic and interest in smaller cars following the Cat A's seven-year low.
In the second COE bidding exercise for September, COE premiums see an increase for Cat A, B and E.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $6,901 (19.2 percent) and ended at $42,902.
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, went up by $189 (0.4 percent) and ended at $49,189.
In Cat E, the open category, prices also rose by $1,007 (2.1 percent), with premiums closing at $49,012.
The small car COE category has seen a significant increase in premiums since its record-low drop during the last tender. This could most likely have been caused by a sudden influx of vehicle buyers rushing to purchase Cat A cars since the last bidding. Car showrooms saw a substantial increase in foot traffic and interest in smaller cars following the Cat A's seven-year low.
Latest COE Prices
March 2024 | 2nd BIDDING
NEXT TENDER: 03 Apr 2024
CAT A$85,489
CAT B$96,011
CAT C$70,112
CAT E$95,856
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