Certificates of entitlement (COE) remained generally stable at the latest tender on Wednesday despite expectations that the reformatted Category A would dive.
COE for Cat A (cars up to 1,600cc and 130bhp) ended at $71,564 - a mere dip from last fortnight's $72,290, even though a power cap has moved several models out of the category.
In fact, it was Cat B (cars above 1,600cc and 130bhp) that took a bigger tumble, falling from $79,000 to close at $75,300. Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, finished at $77,003, just shy of its previous close of $78,810.
Commercial vehicle premium crept up from $50,001 to end at $51,002. Motorcycle finished at $3,051, up from its previous 17-year high price of $2,704.
The results puzzled motor traders, many of whom were expecting Cat A to post a sizeable correction, and Cat B to soar with the recategorisation, which takes effect from this month.
Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:
| Category | Current COE premium ($) | Previous COE premium ($) |
| A - Car (1600cc & below) | 71,564 | 72,290 |
| B - Car (above 1600cc) | 75,300 | 79,000 |
| C - Goods vehicle & bus | 51,002 | 50,001 |
| D - Motorcycle | 3,051 | 2,704 |
| E - Open | 77,003 | 78,810 |
Source: Land Transport Authority
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