Small car COE category sees premium dip

[SINGAPORE] The small car COE premium dipped yesterday in what some in the motor industry are hoping could be the start of a steady slide in Category A prices.

A Cat A certificate of entitlement - for cars under 1,600cc - now costs $72,369, or down $1,633. It was the only category to fall in the first bidding exercise of 2014, with the other four all ending higher.

Cat B - for cars above 1,600cc - climbed $3,000 to $78,700, while Cat E - the open category which currently tracks Cat B - rose $1,499 to $79,000.