COE prices fall in last round of May bidding
23 May 2019|7,006 views
In the second round of bidding in May, Certificate of Entitlement (COE) prices have taken a significant dip across the board.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, fell by $9,704 (26.43%) and ended at $27,000.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $5,446 (11.34%) and ended at $42,564.
In Cat E, the open category, premiums went down by $5,502 (10.47%), with premiums closing at $47,000.
This round of bidding is significant - it is the first time this year that Cat B and E prices have seen a dip. The last recorded dip for Cat A on the other hand was in February.
Car dealers have mentioned that due to the increasing COE premiums in the last few rounds of bidding, sales have slowed. Thus, with sliding demand for new car registrations, COE prices have taken a downturn in this round.
In the second round of bidding in May, Certificate of Entitlement (COE) prices have taken a significant dip across the board.
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, fell by $9,704 (26.43%) and ended at $27,000.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $5,446 (11.34%) and ended at $42,564.
In Cat E, the open category, premiums went down by $5,502 (10.47%), with premiums closing at $47,000.
This round of bidding is significant - it is the first time this year that Cat B and E prices have seen a dip. The last recorded dip for Cat A on the other hand was in February.
Car dealers have mentioned that due to the increasing COE premiums in the last few rounds of bidding, sales have slowed. Thus, with sliding demand for new car registrations, COE prices have taken a downturn in this round.
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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