Most of the bookings were for models with engines up to 1,600cc. The COE premium for this group crashed to $2 last Wednesday, triggering price slashes and a buying frenzy.

Toyota agent Borneo Motors, which is said to have collected the most bookings after it cut prices by as much as $6,000, has made a few increases since last week.

Read Christopher Tan's full story in Tuesday's edition of The Straits Times.