Small car COE rebounds on strong demand

Singapore

THE small car certificate of entitlement (COE) premium bounced back up after most distributors reported robust bookings following the almost S$7,000 plunge two weeks ago.

Category A - for cars below 1,600 cc and 130 hp - had shed S$6,899 or 16 per cent to S$36,001 in the first bidding exercise of September - a seven-year low. On Wednesday, during the second exercise in September, it climbed back up S$6,901 to S$42,902.