COE premiums fall across all categories
21 Mar 2018|5,049 views
In the second COE bidding exercise for March, COE premiums fell across the board slightly, with Cat B premiums actually dipping below Cat A.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $1,991 (5.1 percent) and ended at $37,010.
In Cat E, the open category, prices also fell by $1,000 (2.6 percent), with premiums closing at $38,000.
The drop in COE premiums is a result of fewer bids for both Cat A and B COEs. The steady drop in premiums for Cat B and E over the past three months indicate that buyers have been less inclined to purchase larger capacity cars in recent months. The fluctuation in Cat A prices also reflect increased interest in smaller capacity cars, perhaps encouraged by the launch of 1.0-litre models like the Hyundai Kona and the Volkswagen Golf.
In the second COE bidding exercise for March, COE premiums fell across the board slightly, with Cat B premiums actually dipping below Cat A.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $1,991 (5.1 percent) and ended at $37,010.
In Cat E, the open category, prices also fell by $1,000 (2.6 percent), with premiums closing at $38,000.
The drop in COE premiums is a result of fewer bids for both Cat A and B COEs. The steady drop in premiums for Cat B and E over the past three months indicate that buyers have been less inclined to purchase larger capacity cars in recent months. The fluctuation in Cat A prices also reflect increased interest in smaller capacity cars, perhaps encouraged by the launch of 1.0-litre models like the Hyundai Kona and the Volkswagen Golf.
Latest COE Prices
April 2024 | 2nd BIDDING
NEXT TENDER: 08 May 2024
CAT A$94,010
CAT B$102,001
CAT C$68,502
CAT E$103,249
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