Fall in COE prices across board suggests car, commercial vehicle premiums hitting resistance level

But observers do not expect rates to drop as competition remains intense

Derryn Wong
Published Wed, Jun 17, 2026 · 07:08 PM
    • Car dealers say that demand in June tailed off in the wake of The Car Expo, which took place in early May.
    • Car dealers say that demand in June tailed off in the wake of The Car Expo, which took place in early May. PHOTO: DERRYN WONG, BT

    [SINGAPORE] Certificate of Entitlement (COE) premiums for passenger cars and commercial vehicles have reached a price ceiling after months of increases, said industry observers.

    This came as premiums for Category A (mainstream cars), Category B (large and luxury cars) and Category C (commercial vehicles) dipped in June’s second round of bidding on Wednesday (Jun 17).

    “With today’s bidding result, there is some resistance, as the market is exhausted after so many rounds of COE premiums rising,” said Keith Oh, president of the Automobile Importer & Exporter Association (Singapore).