COE premiums fall across all categories

The second round of COE bidding in January saw premiums falling across all car categories.

COE premiums fell across all car categories with Cat A premiums seeing the largest decrease

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $4,510 (10.9 percent) and ended at $36,890.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $2,628 (5.8 percent) and ended at $42,661.

In Cat E, the open category, pemiums decreased by $3,390 (7.2 percent), with premiums closing at $44,000.

The number of COE bids across all categories fell compared to the previous bidding exercise, which indicates lower demand.

On the back of the recently concluded Singapore Motor Show, the drop in demand is an indication of the suppressed buying sentiment in the car market at the moment. The new Vehicular Emissions Scheme (VES) may also have a part to play in this, as many car models have seen their prices affected by the new VES bandings.

The second round of COE bidding in January saw premiums falling across all car categories.

COE premiums fell across all car categories with Cat A premiums seeing the largest decrease

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $4,510 (10.9 percent) and ended at $36,890.

The second round of COE bidding in January saw premiums falling across all car categories.

COE premiums fell across all car categories with Cat A premiums seeing the largest decrease

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $4,510 (10.9 percent) and ended at $36,890.