Cat A COE price up 3.5% to 7-month high of $103,009

The certificate of entitlement (COE) price for Category A vehicles hit $103,009 at the latest tender exercise on May 7.

- Lee Nian Tjoe

Meant for smaller and less powerful cars and electric vehicles (EVs), the latest price for Category A COEs is 3.5 per cent higher than the $99,500 recorded at the previous tender exercise held two weeks ago on April 23.

This is the highest price for this COE category since October 2024, when it hit $103,799.

The Category B COE premium, needed to register bigger and more powerful cars and EVs, rose by 2.5 per cent to $119,890, from $117,003.

The premium for an Open category (Category E) COE was $118,889 - 0.8 per cent higher than the $118,001 in the previous 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.

This is the first COE tender exercise under the May to July quota period with 6.4 per cent more COEs available than in the previous three-month period.

The COE premiums for commercial vehicles and motorcycles dipped.

The commercial vehicle (Category C) COE premium came in at $62,590, 3.7 per cent lower than the $65,001 set in the previous exercise.

At $8,709, the motorcycle (Category D) COE premium was 6.4 per cent lower than the previous exercise's price of $9,309.