COE for 1,600cc cars hit new high
CERTIFICATES of entitlement (COE) prices ended higher across the board at the latest tender on Wednesday.
COE for cars up to 1,600cc closed at an all-time high of $77,201, up from $71,001 in the previous tender three weeks ago. COE for cars above 1,600cc shot up from $85,801 to $92,400.
Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, likewise rose from $87,000 to $92,100.
Commercial vehicle premium finished at $59,111, up from $57,889. And motorcycle COE hit $1,959, up from $1,920.