Certificate of entitlement for cars up to 1,600cc rose by 11.9 per cent to $8,489, and the premium for cars above 1,600cc inched by one per cent to reach $7,552.

The Open COE, which can be used for any vehicle type but ends up mainly for cars, was 9.1 per cent higher at $8,501.

The commercial vehicle COE rose by 7.4 per cent to end at $7,100, while the motorcycle premium was 1.5 per cent higher at $902.