COE for cars up to 1,600cc and 130bhp closed at $45,189, down from $47,010 two weeks ago. The premium for cars above 1,60cc or 130bhp finished at $56,001, down from $59,501.
Open COE, which can be used for any vehicle type except motorcycles but which ends up almost exclusively for bigger cars, ended at $59,599, down from $60,001.
Commercial vehicle COE finished at $42,589, up noticeably from $39,523. Motorbike premium closed at a new high of $8,899. The supply of both these COEs has shrank by more than a quarter in the August-October period.
In contrast, the supply of car COEs (including Open), is merely 6.6 per cent smaller.
Together with depressed consumer sentiment in the light of the latest Covid-19 restrictions, demand for car COEs is likely to remain relatively subdued.
Latest COE results:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A – Car (1,600cc & below)||45,189||47,010|
|B – Car (above 1,600cc)||56,001||59,501|
|C – Goods vehicle & bus||42,589||39,523|
|D – Motorcycle||8,899||8,689|
|E – Open||59,599||60,001|