COE prices rise across the board except for commercial vehicles
THE prices of cars and motorcycles look set to rise, following higher certificate of entitlement (COE) premiums for such vehicles recorded at the latest tender exercise on Wednesday (Mar 20).
The COE premium for commercial vehicles was the only one that recorded a dip.
At S$85,489, the price of COEs for smaller, less powerful cars is 3 per cent higher than the S$83,000 recorded at the previous exercise two weeks ago.
For larger, more powerful cars, the COE premium is also up, by S$1, to end at S$96,011.
The price of Open category COEs also edged up, by 0.9 per cent, to end at S$95,856, from S$95,010. Open category certificates can be used to register any vehicle type other than motorcycles but end up almost exclusively for larger, more powerful cars.
The COE premium for motorcycles was S$9,689, up 3.1 per cent from S$9,400.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
The COE price for commercial vehicles tumbled 7.3 per cent to S$70,112, from S$75,599 at the previous tender exercise. THE STRAITS TIMES
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla’s China-made EV sales fall 18% y/y in April
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports