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In the first Certificate of Entitlement bidding round for February 2022, COE premiums rose across the board.
COE premiums defied the downward spiral one last time for the year of 2013 as premiums rose across all categories at the end of the day.
Demand for big cars continue to drop as Cat B and E brought about the widest dive in COE premiums while Cat A drops by a small amount.
COE prices in the first bidding exercise for October increased across all categories, with Category B and E exceeding the $90,000 mark.
At the end of the 2nd bidding exercise in August, small cars are still proving to be popular - probably driven by new model launches with downsized engines.
LTA has just announced an increase in the latest Certificate of Entitlement quotas for the period of August 2013 to January 2014.
The Business Times expects an increase in COE quotas for the next six months, starting August 2013, as more vehicles will be deregistered.
A blend of rising and falling premiums for April's second bidding exercise, with interest in small cars staying strong and big cars fall.
The recent loan curb lift on used car sees a shift in consumer preference, prompting a slight drop in demand for new car COEs.
With the heightened car shopping over the past weekends, Cat B COE returns to the $70k mark, with small cars COE taking a dip of 16 percent.
First bidding after the market adjustments saw all prices fall, with big cars seeing the greatest dip of close to $35,000.
The second COE bidding exercise for February sees decrease in all categories, with small car COE seeing the greatest dip of close to $9,000.
The first bidding exercise for the month of February saw a drop in prices across all premiums with Category A and B premiums still heading south.
COE prices across the open category continue to climb closer to a five figure sum as prices across other categories sees a mild decline.
LTA has revised the number of COE quotas from February 2013 to July 2013, with Category A taking the highest percentage of cut.
The first COE bidding exercise for the 2013 sees demand staying strong for all three categories, with Cat E having a modest increase of $111.
LTA has released details for the first COE exercise of the year. The total quota available for next week's tender is 1,684 bids for five categories.