COE prices end mixed, difference between big and small car premiums narrows

Certificate of entitlement premiums ended mixed as year-end promotions countered prevailing market weakness on the back of economic uncertainty.
Certificate of entitlement premiums ended mixed as year-end promotions countered prevailing market weakness on the back of economic uncertainty.PHOTO: ST FILE

SINGAPORE - Certificate of entitlement (COE) premiums ended mixed at the latest tender on Wednesday (Nov 20) as year-end promotions countered prevailing market weakness on the back of economic uncertainty.

The COE price for cars up to 1,600cc and 130bhp finished higher at $32,000, a hike from $30,000 two weeks ago. Premiums for cars above 1,600cc or 130bhp closed lower at $39,700, down from $40,009.

COE premiums in the Open category, which can be used for any vehicle type except motorcycles but which end up mostly for bigger cars, inched upwards to $40,889, from $40,101 previously.

This narrows the price difference between COEs for small and big cars to $7,700, from $10,000 at the tender a fortnight ago.

Commercial vehicle COE prices closed lower at $24,502, down from $25,392. Motorcycle premiums also ended lower at $3,921, down from $4,100.

LATEST COE RESULTS:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1,600cc & below) 32,000 30,000
B - Car (above 1,600cc)  39,700 40,009
C - Goods vehicle & bus 24,502 25,309
D - Motorcycle 3,921 4,100
E - Open 40,889 40,100