COE prices down, hit 3-year low for motorcycles

This article is more than 12 months old

Certificate of entitlement (COE) prices ended lower across the board in the latest tender on Wednesday (Aug 23), as sales slowed ahead of the implementation of a new emission standard.

COE for cars up to 1,600cc and 130bhp closed at $42,900, down from $46,778 two weeks ago.

COE for cars above 1,600cc or 130bhp finished at $51,000, down from $53,711.

Open COE, which can be used for all vehicles except motorcycles, but which is mostly used for bigger cars, ended at $50,000, down from $52,751.

Commercial vehicle COE finished at $42,004, down from $42,801.

The motorcycle premium took the biggest plunge, sliding from $5,701 a fortnight ago to a three-year low of $3,512.

Industry watchers said a slowdown in private-hire fleet expansion contributed to the softer premiums.