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 $4,214 previously.
Motor traders do not expect a significant price deviation for the rest of the year.
LATEST COE RESULTS:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1,600cc & below)||28,457||28,000|
|B - Car (above 1,600cc)||31,301||31,307|
|C - Goods vehicle & bus||28,501||27,104|
|D - Motorcycle||4,109||4,214|
|E - Open||32,552||32,000|