COE premiums mixed in August's second bidding exercise

CERTIFICATE of Entitlement (COE) premiums were mixed in the second bidding exercise of August, with some dealers attributing the reduction in the big car premium to the poor economy.

Category A - for cars below 1,600cc and 130 hp - rose S$831 to S$53,334 but Cat B - for cars above 1,600cc or 130 hp - fell S$1,403 to S$56,500.

Cat E - the open category which currently tracks Cat B - was also lower, slipping S$1,245 to S$56,956.

Elsewhere, Cat C - for goods vehicles - shed S$301 to S$48,001 but Cat D - for motorcycles - was S$146 higher at S$6,352.

Wednesday's tender was the second of a quota period which has 10 per cent fewer COEs in total than the preceding quarter.