COE premiums fall across all categories

In the second COE bidding exercise for March, COE premiums fell across the board slightly, with Cat B premiums actually dipping below Cat A.

COE premiums fell across the board, with Cat B falling slightly below Cat A

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $830 (2.1 percent) and ended at $38,000.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $1,991 (5.1 percent) and ended at $37,010.

In Cat E, the open category, prices also fell by $1,000 (2.6 percent), with premiums closing at $38,000.

The drop in COE premiums is a result of fewer bids for both Cat A and B COEs. The steady drop in premiums for Cat B and E over the past three months indicate that buyers have been less inclined to purchase larger capacity cars in recent months. The fluctuation in Cat A prices also reflect increased interest in smaller capacity cars, perhaps encouraged by the launch of 1.0-litre models like the Hyundai Kona and the Volkswagen Golf.

In the second COE bidding exercise for March, COE premiums fell across the board slightly, with Cat B premiums actually dipping below Cat A.

COE premiums fell across the board, with Cat B falling slightly below Cat A

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $830 (2.1 percent) and ended at $38,000.

In the second COE bidding exercise for March, COE premiums fell across the board slightly, with Cat B premiums actually dipping below Cat A.

COE premiums fell across the board, with Cat B falling slightly below Cat A

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $830 (2.1 percent) and ended at $38,000.