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COE premiums for cars up slightly

Dealers point to year-end registration rush

Published Wed, Dec 18, 2013 · 10:00 PM
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[SINGAPORE] Premiums for passenger cars rose slightly in the final COE bidding exercise for 2013, with some distributors attributing it to the year-end registration rush rather than a strengthening of demand.

"There may be an increase in dollar terms, but I see it as more of a correction because Category B was less than Category A in the previous tender and much lower than the Open Category, which it is usually in tandem with," said George Lee, general manager of Opel and Chevrolet dealer Alpine Motor.

Two weeks ago, the small car premium cost $150 more than the big car premium. Yesterday, however, things were back to "normal". Cat A (for cars below 1,600cc) rose $842 to $74,002, while Cat B (for cars above 1,600cc) climbed $2,690 to $75,700.

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