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Small car COE premium falls by over S$9,000
REPLACEMENT car buyers rejoiced on Wednesday when the small car category got off to a good start in 2016 - it plunged more than S$9,000 to a 41/2-year low in the first Certificate of Entitlement (COE) bidding exercise of the year.
Category A - for cars below 1,600cc or 130 hp - fell S$9,299 to S$45,002. But Cat B - the so-called big car category for vehicles above 1,600cc and 130 hp - was flat; it slipped just S$81 to S$54,920.
On the other hand, Cat E - the open category which currently tracks Cat B - saw a more substantial reduction of S$2,412, to S$55,089.
Meanwhile, Cat C - for goods vehicles and buses - shed a hefty S$3,965 to S$42,036. Only Cat D - for motorcycles - was higher; it rose S$289 to S$6,889.