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COE premiums mixed
THE first bidding exercise for the new certificate of entitlement (COE) quota resulted in the small and big car premiums softening, as most dealers reported slower sales over the past week. But they add that things could change after this weekend's TheCars@Expo vehicle sales event.
Category A - for cars below 1,600 cc and 130 hp - dipped S$1,300 (the exact amount it gained in the previous tender two weeks ago) to S$56,001, while Cat B - for cars above 1,600cc or 130 hp - fell S$2,388 to S$57,501.
But Cat E - the open category which has been tracking Cat B - climbed S$689 to S$60,689. So did Cat C - for goods vehicles - which rose S$1,506 to S$43,809.
On the other hand, Cat D - for motorcycles - slipped S$390 to S$5,912.