COE premiums up for smaller cars, down again for bigger cars

The certificate of entitlement (COE) premium for smaller cars rose 4.6 per cent at the latest tender exercise on Dec 4 after a $10,000 fall two weeks ago, while the price of a certificate for bigger cars continued to drop.

- Esther Loi

Category D for motorcycles recorded the largest fall of 9.1 per cent to $7,878, from $8,669 on Nov 20.

At $94,000, the price of a Category A COE, used to register smaller, less powerful cars and electric vehicles (EVs), was 4.6 per cent higher than the $89,889 recorded in the previous exercise.

This marks the first time the Category A COE premium has increased in 1½ months, after it fell for three consecutive tender exercises.

For Category B COEs, meant for larger, more powerful cars and EVs, the premium dipped for the fourth consecutive tender exercise, down 2 per cent to $103,010, from $105,081.