Car News Wire

COE prices for cars rebound; Open category, commercial vehicle premiums down

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 44 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

COE News

Cars,ELECTRIC AND HYBRID VEHICLES

(function() { 'use strict';window.addEventListener('message', function(event){ if (typeof event.data['datawrapper-height'] !=='undefined'){ for (var chartId in event.data['datawrapper-height']) {var iframe=document.getElementById('datawrapper-chart-' + ...

The COE price for smaller, less powerful cars and electric vehicles in Category A rose by the biggest margin, ending at $90,889.Certificate of entitlement prices ended mixed at the close of the latest tender exercise on June 20, with the premiums for cars inching back upwards, after falling in the previous round.

Motor dealers said the rebound in premiums for the two car categories is not surprising, given the fall in prices in the earlier round.“We did hear in the market that in the last two weeks, sales were a little bit better,” said Ms Sabrina Sng, managing director overseeing insurance, sports carmaker Lotus and EV brand Polestar at dealership group Wearnes Automotive.

Mr Ron Lim, head of sales at Nissan agent Tan Chong Motor, noted that the Category A premium went up this round, even though there were fewer bids than two weeks ago. “This is definitely not healthy for the segment in the long run... As the EV war intensifies, we could see more volatility in Category A,” Mr Lim added.Mr Nicholas Wong, chief executive of authorised Honda dealer Kah Motor, said the lack of activity in the category until the last five minutes of bidding indicated low interest.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in CAR

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COE prices for cars rebound; Open category, commercial vehicle premiums downThe COE price for motorcycles rose by $13.
Source: The Straits Times - 🏆 8. / 63 Read more »

COE prices for cars inch back upwards; Open category, commercial vehicle premiums downThe COE price for motorcycles rose by $13.
Source: The Straits Times - 🏆 8. / 63 Read more »

COE prices fall across the board for all categoriesIn the first Certificate of Entitlement (COE) bidding exercise for June 2024, premiums fell across the board in all categories, with both Category A and B car COEs seeing the biggest drops. Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp,...
Source: asiaonecom - 🏆 10. / 59 Read more »