CERTIFICATE of Entitlement (COE) prices for the two passenger car categories in June’s second round of bidding have bounced back after a significant drop in the previous round.
But unlike June’s first round of bidding, which saw COE premiums for all categories fall, results were mixed this time around.
Premiums for motorcycles saw a small increase, while the open and goods vehicle categories both dropped.
The price for Category A, for mainstream cars, rose 3 per cent or S$2,689 to S$90,889.
The Category A COE applies to cars that have engines of up to 1,600 cubic centimetres (cc) in capacity or with up to 97 kilowatts (kW) of power, or for electric vehicles (EVs) with up to 110 kW of power.
The price for Category B – applicable to larger, more powerful cars – rose 1.7 per cent or S$1,727 to S$102,334.
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Category B is the category for cars with engines of more than 1,600 cc in capacity or that have more than 97 kW, or for EVs with more than 110 kW.
This comes after both categories A and B posted significant price drops in the previous round.
Category A posted its largest decrease in price – 4.9 per cent – in June’s first round of bidding, while Category B was close behind, decreasing by 4.8 per cent.
Category E, the open category which can be used to register any type of motor vehicle except for motorcycles, decreased by 1.6 per cent or S$1,600 to S$100,000.
The price for Category C, applicable to goods or commercial vehicles and buses, decreased 1 per cent or S$689 to S$69,900.
The price for Category D, used for motorcycles, increased 0.1 per cent or S$13 to S$9,002.
