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Slight increase in Cat A COE prices as Cat B and E fall

17 Aug 2016|2,682 views

COE prices for the second round of bidding in August see a slight increase for Cat A premiums, while Cat B and E prices fall.

In the second COE bidding exercise for August, COE premiums for Cat A rose, while Cat B and E fell.

With the exception of Cat A, COE premiums fall across all categories in the latest bidding exercise for August

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, went up by $831 (1.6 percent) to end the bidding tender at $53,334.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $1,403 (2.4 percent) and ended at $56,500.

In Cat E, the open category, prices also fell by $1,245 (2.1 percent), with premiums closing at $56,956.

An increase in Cat A premiums is likely the result of prospective buyers flocking to showrooms after the last bidding exercise saw a drop in COE for lower capacity cars. That, and the recent slew of affordable mid-sized cars being launched here, like the new tenth generation Honda Civic and the Kia Cerato Forte K3, could be the reason for the surge in demand for Cat A COEs.

In the second COE bidding exercise for August, COE premiums for Cat A rose, while Cat B and E fell.

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, went up by $831 (1.6 percent) to end the bidding tender at $53,334.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $1,403 (2.4 percent) and ended at $56,500.

In Cat E, the open category, prices also fell by $1,245 (2.1 percent), with premiums closing at $56,956.

An increase in Cat A premiums is likely the result of prospective buyers flocking to showrooms after the last bidding exercise saw a drop in COE for lower capacity cars. That, and the recent slew of affordable mid-sized cars being launched here, like the new tenth generation Honda Civic and the Kia Cerato Forte K3, could be the reason for the surge in demand for Cat A COEs.