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Car COE premiums lower

Passenger car certificate of entitlement (COE) premiums fell on Wednesday amid what appears to be an industry-wide slump in demand for new vehicles.

Category A - for cars below 1,600cc and 130 hp - dropped S$1,690 to S$55,399, while Cat B - for cars above 1,600cc or 130 hp - shed S$2,100 to S$60,001.

But Cat E - the open category which currently tracks Cat B - climbed S$290 to S$61,300.

Elsewhere, Cat C - for goods vehicles - was S$1,512 lower at S$45,289, and Cat D - for motorcycles - slipped S$354 to S$6,158.

Analyse historical COE data with the Business Times interactive tool