COE prices for Cat A and Cat E inch up in latest bidding

Certificate of entitlement (COE) prices for Category A and E vehicles inched up at the latest tender exercise on April 23.

The premium for a Category A COE - meant for smaller and less powerful cars, and EVs - climbed 1.8 per cent to $99,500, from $97,724 recorded in the previous tender exercise on April 9.

The price of an Open category (Category E) COE was $118,001 - 0.9 per cent more than the $117,002 in the previous bidding exercise.

Open category COEs can be used to register any vehicle type other than motorcycles, but are almost always used for bigger and more powerful cars.

The April 23 exercise is the last of the three-month COE quota period from February to April. The supply of COEs will increase by 6.4 per cent from 17,133 to 18,232 certificates in the next quota period from May to July.

COE premiums fell across the other categories.

In Category B, which is meant for larger and more powerful cars and EVs, the premium was $117,003, a drop of 0.8 per cent from $117,899 recorded at the last exercise.

At $65,001, the commercial vehicle (Category C) COE premium was 5.5 per cent lower than the previous price of $68,782.

The motorcycle (Category D) COE premium came in at $9,309 - 5.9 per cent lower than the $9,889 set previously.

A COE is needed to register a vehicle for use in Singapore. Car prices usually include COEs.