Passenger car COE premiums slip

THE certificate of entitlement (COE) premiums for passenger cars slipped but those for the other three categories rose in the second bidding exercise for May.

Category A - for cars below 1,600 cc or 130 hp - fell S$869 to S$47,020; while Cat B - for cars above 1,600 cc and 130 hp - was S$1,854 lower at S$49,156.

But Cat C - for goods vehicles - was up S$700 to S$43,002; and Cat D - for motorcycles - was just S$1 higher at S$6,303.

Cat E - the open category which currently tracks Cat B - climbed S$700 to S$49,700.

Some car dealers said that the dip was not unexpected, and pointed out that if not for the strong bidding of a well-known ride-booking company, COE premiums would have fallen further.

Analyse historical COE data with the Business Times interactive tool