Cat A COE premium dips to $122,000 after three successive highs

Certificate of entitlement (COE) prices for smaller cars dipped to $122,000 after hitting records over the past three tender exercises.

The COE premium for larger cars also slipped to $131,889 at the tender exercise on Oct 23.

Used to register smaller and less powerful cars and electric vehicles (EVs), the latest Category A price of $122,000 is 4.8 per cent lower than the record of $128,105 set two weeks ago.

This is the first time that the premium for this COE category has fallen since the first tender exercise of June, when the rate was $96,999.

At $131,889, the price of Category B COEs, used to register larger and more powerful cars and EVs, was 6.5 per cent lower than $141,000 on Oct 8.

Motor dealers have said that showrooms have been relatively quiet over the past two weekends after premiums in the two car COE categories climbed further at the last tender.

The premium for the Open category (Category E) was down 2.9 per cent from $140,009 to $136,000. Open category certificates can be used to register any vehicle type except motorcycles, but end up mostly for bigger cars.

The commercial vehicle (Category C) COE bucked the trend to post an increase. At $76,801, the latest premium is 3.4 per cent higher than the previous price of $74,301.

The COE premium for motorcycles (Category D) fell 4.3 per cent from $9,810 to $9,389.