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Car COE premiums up; other categories down

38171890.1 (38181302) - 25_04_2016 - cncar.jpg
THE first certificate of entitlement (COE) bidding exercise for May ended mixed, with passenger car premiums rising but the other categories falling.

THE first certificate of entitlement (COE) bidding exercise for May ended mixed, with passenger car premiums rising but the other categories falling.

Category A - for cars below 1,600cc and 130 hp - rose S$589 to S$47,889, while Cat B - for cars above 1,600cc or 130 hp - climbed S$1,408 to S$51,010.

But Cat E - the open category which currently tracks Cat B - dipped S$501 to S$49,000.

Cat C - for goods vehicles - and Cat D - for motorcycles - were also lower, sliding S$700 to S$42,302 and S$199 to S$6,302 respectively.

The increases were expected, said the managing director of a luxury dealership, given the strong orders collected at the recent TheCars@Expo.

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