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COEs end mostly higher in latest tender
[SINGAPORE] Certificates of entitlement (COE) ended mostly higher in the latest tender on Wednesday (Feb 20) as motor dealers continued to clear a healthy order bank in the face of a smaller COE supply.
COE for cars up to 1,600cc and 130bhp ended at $26,301, up from $25,689. COE for cars above 1,600cc or 130bhp finished at $35,403, up from $34,509.
Open COE, which can be used for any vehicle except motorcycles but which ends up mostly for bigger cars, closed at $36,667, up from $35,310.
Commercial vehicle COE finished at $26,914, up marginally from $26,378.
Motorcycle premium bucked the trend by ending at $3,689, down from $3,709.
Industry watchers reckon premiums will start to slide once the current order bank bolsterd by last month's Singapore Motorshow is fulfilled.