In the second round of bidding for November, Certificate of Entitlement (COE) prices for Cat A and Cat E increased, while Cat B premiums fell.
In the second round of bidding for November, Cat A and E premiums rose, while Cat B premiums fell
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $309 (0.8%) and ended at $39,700.
In Cat E, the open category, premiums went up by $788 (2.0%), with premiums closing at $40,889.
Changes to the COE premiums remained relatively small for this bidding round, with the exception of Cat A. It is likely that more price-sensitive buyers saw the decrease in premiums for the last month and thus chose to bid for their Cat A cars for this bidding round. This can be seen from the increase in bids for Cat A, which rose from 1,302 to 1,468.
