SINGAPORE - Certificate of entitlement (COE) premiums ended mixed in the latest tender on Wednesday (Nov 17) as demand for bigger cars eased with near-record prices in recent months.
The COE price for cars up to 1,600cc and 130bhp ended 2.4 per cent higher at $55,001. The COE price for cars above 1,600cc or 130bhp finished 3.9 per cent lower at $79,601.
The premium for Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, closed 2.3 per cent lower at $86,001.
Industry watchers said demand for bigger cars has plunged with the stratospheric COE prices of late.
Tesla, for instance, registered only 26 cars in October, versus 314 in September.
Meanwhile, commercial vehicle COE price rose by 3.6 per cent to finish at $43,502 as the economy continues to emerge from a pandemic state.
Motorcycle premium remained unchanged at $9,381.
Latest COE results:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1,600cc & below)||55,001||53,709|
|B - Car (above 1,600cc)||79,601||82,801|
|C - Goods vehicle & bus||43,502||42,001|
|D - Motorcycle||9,381||9,381|
|E - Open||86,001||88,000|