COE prices end mixed in latest tender as demand for new cars continues to be dampened
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Certificate of entitlement prices ended mixed in the latest tender on Oct 3, 2018, as demand for new cars continue to be dampened by a plentiful supply of used cars.
PHOTO: ST FILE
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SINGAPORE - Certificate of entitlement (COE) prices ended mixed in the latest tender on Wednesday (Oct 3), as demand for new cars continues to be dampened by a plentiful supply of used cars.
COE premiums for cars up to 1,600cc and 130bhp closed slightly higher at $28,457, from $28,000 two weeks ago. COE prices for cars above 1,600cc or 130bhp finished almost flat at $31,301, from $31,307 previously.
Premiums for Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for cars, closed slightly higher at $32,552, from $32,000.
Commercial vehicle COE prices finished higher at $28,501, up from $27,104. Motorcycle premiums closed lower at $4,109, from $4,214 previously.
Motor traders do not expect a significant price deviation for the rest of the year.
