COE prices close mostly lower in second round of May bidding
23 May 2018|5,678 views
In the second COE bidding exercise for May, COE premiums for Cat A and B decrease marginally, while premiums for Cat E increase slightly.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $940 (2.4 percent) and ended at $38,001.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $512 (1.3 percent) and ended at $37,989.
In Cat E, the open category, premiums rose by $100 (0.3 percent), with premiums closing at $38,700.
The drop in COE premiums for Cat A and B since the last tender is not surprising, considering the fact that hundreds of Uber's unhired cars have hit the used car market, many of which consist of Mazda3 sedans and Honda Vezels, a week after the app shut down here.
Their relatively low prices ($70,000-plus for a Mazda3, compared with around $90,000 for a brand new one) could have impacted the sales of new cars.
In the second COE bidding exercise for May, COE premiums for Cat A and B decrease marginally, while premiums for Cat E increase slightly.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $940 (2.4 percent) and ended at $38,001.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $512 (1.3 percent) and ended at $37,989.
In Cat E, the open category, premiums rose by $100 (0.3 percent), with premiums closing at $38,700.
The drop in COE premiums for Cat A and B since the last tender is not surprising, considering the fact that hundreds of Uber's unhired cars have hit the used car market, many of which consist of Mazda3 sedans and Honda Vezels, a week after the app shut down here.
Their relatively low prices ($70,000-plus for a Mazda3, compared with around $90,000 for a brand new one) could have impacted the sales of new cars.
Latest COE Prices
October 2024 | 2nd BIDDING
NEXT TENDER: 06 Nov 2024
CAT A$102,900
CAT B$113,890
CAT C$72,939
CAT E$114,700
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