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Sharp fall in commercial-vehicle COE premium
THE last COE (Certificate of Entitlement) bidding exercise of the year resulted in passenger-car premiums staying largely flat but the commercial-vehicle premium dropping by a significant 13 per cent.
The premium for Category A (cars below 1,600cc and 130 hp) fell by S$1,200 to S$65,889, while Cat B (cars above 1,600cc and 130 hp) slipped by S$389 to S$74,000.
The Cat E (open category which currently tracks Cat B) premium dipped more sharply by S$2,914 to S$73,990
But the premium for Cat C (goods vehicles) saw an even bigger drop of S$7,901 to S$52,100. Only the Cat D (motorcycles) premium posted an increase, albeit a small one; it rose by S$102 to S$4,312.
Analyse historical COE data with The Business Times' interactive tool here.