The first round of COE bidding has concluded for the month of February, with a drop in prices across all categories.

Category A premiums, for cars up to 1,600cc, have dropped to $87,109 from $91,010 - a drop of four percent amounting $3,901.

Premiums for Category B, for cars larger than 1,600cc, ended bidding at $92,901, dropping from $95,501 some two weeks ago.

Meanwhile premiums for the open category decreased to $94,890, a three percent drop from $97,889 in late January.