COE prices end mixed; Small and luxury cars see minor downward adjustments

Customers at the Honda showroom in Alexandra Road in this July 19, 2015 file photo.
Customers at the Honda showroom in Alexandra Road in this July 19, 2015 file photo.ST PHOTO: KEVIN LIM

SINGAPORE - Certificate of entitlement (COE) prices ended mixed in the latest tender on Wednesday, as buying interest surged on the back of an expanded COE quota.

COE for cars up to 1,600cc and 130bhp closed at $57,089, down slightly from $57,498 three weeks ago.

Premiums for cars above 1,600cc or 130bhp finished at $62,101, also down slightly from $62,140.

Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, inched up to $61,010 from $61,001 previously.

Commercial vehicle COE ended at $46,801, up from $46,501. And motorcycle premiums shot up from $6,112 to close at a five-month high of $6,512.

Motor traders are still predicting for COE prices to trend downwards as the supply of certificates continue to grow over the next two to three years.