Slight decrease for Cat A while Cat B and E increase
18 Sep 2019|4,607 views
In the second round of bidding in September, Certificate of Entitlement (COE) prices for Cat A decreased slightly, while Cat B and E premiums rose.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $24 (0.1%) and ended at $31,759.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, rose by $999 (2.8%) and ended at $37,000.
In Cat E, the open category, premiums went up by $2,088 (5.5%), with premiums closing at $40,000.
The increase in premiums for Cat B and E could be due the recent launch of popular models such as the BMW 1 Series and the Mercedes-Benz A-Class Saloon. This can be observed from the increase in bids received for both Cat B and E. The falling COE premiums across the last bidding rounds may have also enticed buyers to make their purchases now. Cat A premiums meanwhile fell only slightly due to the lower number of bids recieved, while the quota for Cat A remained the same.
In the second round of bidding in September, Certificate of Entitlement (COE) prices for Cat A decreased slightly, while Cat B and E premiums rose.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $24 (0.1%) and ended at $31,759.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, rose by $999 (2.8%) and ended at $37,000.
In Cat E, the open category, premiums went up by $2,088 (5.5%), with premiums closing at $40,000.
The increase in premiums for Cat B and E could be due the recent launch of popular models such as the BMW 1 Series and the Mercedes-Benz A-Class Saloon. This can be observed from the increase in bids received for both Cat B and E. The falling COE premiums across the last bidding rounds may have also enticed buyers to make their purchases now. Cat A premiums meanwhile fell only slightly due to the lower number of bids recieved, while the quota for Cat A remained the same.
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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