COE premiums for first December bidding drop across the board
06 Dec 2017Viewed : 2,504 times
In the first COE bidding exercise for December, COE premiums see a drop in all categories, with Cat A seeing the most significant change.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $4,452 (9.5 percent) and ended at $42,339.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $3,679 (6.4 percent) and ended at $53,711.
In Cat E, the open category, prices also fell by $3,167 (5.5 percent), with premiums closing at $54,334.
Following the last tender, which saw no significant change in COE prices, this round's premiums see a substantial drop. The drop is not unexpected, seeing as many vehicle buyers have already made their purchases prior to Cars@Expo, which could be the reason why prices are on a steady decline.
In the first COE bidding exercise for December, COE premiums see a drop in all categories, with Cat A seeing the most significant change.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $4,452 (9.5 percent) and ended at $42,339.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $3,679 (6.4 percent) and ended at $53,711.
In Cat E, the open category, prices also fell by $3,167 (5.5 percent), with premiums closing at $54,334.
Following the last tender, which saw no significant change in COE prices, this round's premiums see a substantial drop. The drop is not unexpected, seeing as many vehicle buyers have already made their purchases prior to Cars@Expo, which could be the reason why prices are on a steady decline.
Latest COE Prices
December 2023 | 1st BIDDING
NEXT TENDER: 20 Dec 2023
CAT A$88,020
CAT B$130,100
CAT C$71,001
CAT E$133,388
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