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SINGAPORE – With the exception of motorcycles, Certificate of Entitlement (COE) premiums for other vehicles ended up higher as a smaller quota and a longer bidding period amplified upward pressure.
At the end of the last auction on Wednesday (September 9), the COE price for cars up to 1,600cc and 130bhp ended at $ 37,766, up from $ 35,710 three weeks ago. The COE premium for cars over 1,600 cc or 130 bhp closed at $ 41,510, up from $ 38,802.
The premium for open COE, which can be used for any type of vehicle except motorcycles, but ends mostly for larger cars, ended at $ 40,790, up from $ 38,110.
This represents the third consecutive round of increases that saw auto premiums surpass the $ 40,000 mark for the first time since November 2019.
Despite widespread news from companies reeling from the Covid-19 pandemic, the COE price of commercial vehicles ended at $ 26,644, up from $ 25,006 three weeks ago, and its highest level since August 2019.
The motorcycle premium closed at $ 7,399, down from $ 7,432.
There was a three-week gap between the previous and last tender, instead of the usual two weeks.
This gave car dealers more time to build their order bank.
Meanwhile, the COE quota for the August-October period is almost 30% lower than in the previous three-month period.
| Category | Current COE Premium ($) | Previous COE Premium ($) |
| A – Car (1,600 cc and under) | 37,766 | 35,710 |
| B – Car (above 1,600 cc) | 41,510 | 38,802 |
| C – Freight vehicle and bus | 26,644 | 25,006 |
| D – Motorcycle | 7,399 | 7,432 |
| E – Open | 40,790 | 38,110 |
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