CERTIFICATES of entitlement for smaller cars continued to stay ahead of COEs for bigger cars in the latest tender on Wednesday.
COE for cars up to 1,600cc ended at $62,999, up from $62,497 two weeks ago. The premium for cars above 1,600cc finished at $61,700, down slightly from $62,000.
Open COEs, which can be used for any vehicle type, but end up usually for bigger cars, closed at $62,301, up from $62,000 a fortnight ago.
Commercial vehicle COEs slid from $58,502 to end at $57,051. Motorcycle COEs ended at $1,700, down from $1,791.
This is the third time that small-car premiums are costlier than big-car premiums since the car-cooling measures were introduced in late-February.
Observers said more Open certificates are now being snapped up by buyers and sellers of smaller vehicles.
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