Cat A COE premium dips 4.8% after three successive highs

Cat B premium also falls as dealers hope for larger COE supply

- Lee Nian Tjoe Senior Transport Correspondent

Certificate of entitlement (COE) prices for smaller cars dipped to $122,000 after hitting record highs 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 Category A COE dropped to $122,000, 4.8 per cent lower than the record of $128,105 set two weeks ago.

This is the first time that the Category A premium has fallen since June’s first tender exercise, which closed at $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 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. Some people were also travelling over the recent long weekend that culminated in the Deepavali public holiday on Oct 20.

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 $74,301.