COE premiums mixed
CERTIFICATE of entitlement (COE) premiums were flat in the first tender of a quota with 10 per cent fewer COEs.
Two categories inched up, while the other three slipped.
Category A - for cars below 1,600cc or 130 hp - fell S$497 to S$52,503 but Cat B - for cars above 1,600cc and 130 hp - rose S$395 to S$57,903.
Cat E - the open category which currently tracks Cat B - climbed S$700 to S$58,201.
But both Cat C - for goods vehicles - and Cat D - for motorcycles - were lower, down S$1,588 to S$48,302 and down S$96 to S$6,206 respectively.
According to some dealers, it was the usual mix of reasons - resistance to premiums perceived to be higher than they should be, and caution amid the slumping economy - that is behind negative buyer sentiment at the moment.
Analyse historical COE data with the Business Times interactive tool
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada