COE prices for cars go up

Certficate of Entitlement prices for cars up to 1,600cc and 130bhp inched up 1.3 per cent to $26,659, at the close of this month's second bidding exercise yesterday.

COE prices for cars above 1,600cc or 130bhp ended at $39,401, a 6.6 per cent rise from $36,961 two weeks ago. Prices for open category COEs - which can be used to buy any vehicle type except motorcycles but end up mostly for bigger cars - closed at $41,000.Meanwhile, COE prices for commercial vehicles increased by $11 to $27,021, but motorcycle premiums fell by 3.7 per cent to $3,469.

Singapore Vehicle Traders Association president Michael Lim told The Straits Times that the number of cars being scrapped in the past two months has fallen.

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COE prices for cars increase as market anticipates a smaller quotaSingapore Vehicle Traders Association president Michael Lim said dealers are likely rushing to bid for COEs now, as they anticipate a smaller supply in the quarter of May to July, compared with the current February-April period.
Source: The Straits Times - 🏆 8. / 63 Read more »

COE prices for cars increase as market anticipates a smaller quotaSingapore Vehicle Traders Association president Michael Lim said dealers are likely rushing to bid for COEs now, as they anticipate a smaller supply in the quarter of May to July, compared with the current February-April period.
Source: The Straits Times - 🏆 8. / 63 Read more »