Car COE premiums fall

CERTIFICATE of Entitlement (COE) premiums for passenger cars fell in the first bidding exercise of February on a bigger quota, say some motor distributors.

Category A - for cars below 1,600 cc or 130 hp - shed S$2,488 to S$48,401, while Cat B - for cars above 1,600 cc and 130 hp - slumped S$4,598 to S$48,209. This means the big car COE costs less than the small car COE.

Cat E - the open category which currently tracks Cat B - was S$4,044 lower at S$48,556.

But the remaining two COE categories were higher. Cat C - for goods vehicles - climbed S$1,900 to S$48,901, and Cat D - for motorcycles - increased S$360 to S$6,412.

Analyse historical COE data with the Business Times interactive tool