COE prices continue to dip in first September bidding
05 Sep 2018|4,185 views
In the first round of bidding in September, all Certificate of Entitlement (COE) premiums fell slightly, with Cat A recording the biggest drop.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, fell by $1,788 (5.58%) and ended at $30,209.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, dropped by $428 (1.31%) and ended at $32,001.
In Cat E, the open category, premiums went down by $510 (1.57%), with premiums closing at $31,801.
We have been witnessing a slight downward trend in regards to COE prices. This might indicate that demand for new cars has lessened, considering also the fact that the only more popular, mass market car that was launched recently within the last one month is the Kia Cerato.
In the first round of bidding in September, all Certificate of Entitlement (COE) premiums fell slightly, with Cat A recording the biggest drop.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, fell by $1,788 (5.58%) and ended at $30,209.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, dropped by $428 (1.31%) and ended at $32,001.
In Cat E, the open category, premiums went down by $510 (1.57%), with premiums closing at $31,801.
We have been witnessing a slight downward trend in regards to COE prices. This might indicate that demand for new cars has lessened, considering also the fact that the only more popular, mass market car that was launched recently within the last one month is the Kia Cerato.
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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