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Wed, Nov 04, 2020 – 5:43 PM
The COE price for cars up to 1,600 cc and 130 hp ended at S $ 35,990, down from S $ 37,334 two weeks ago. The premium for cars over 1,600 cc or 130 hp closed at S $ 39,000 compared to S $ 40,990.
The premium for Open COE, which can be used for any type of vehicle except motorcycles, but ends predominantly for larger cars, finished slightly lower at S $ 39,500 from S $ 39,889.
The COE price of commercial vehicles ended at S $ 31,502, down from S $ 33,778.
The motorcycle premium ended at S $ 7,251, down from S $ 7,300.
The Land Transportation Authority (LTA) had announced last month that the COE quota for automobiles (including open COEs) will increase by 5.8 percent to 4,865 per month for the November-January period.
Of the lot, 1,925 will be for cars up to 1,600 cc and 130 hp (compared to 1,967), 2,014 for cars of more than 1,600 cc or 130 hp (compared to 1,729) and 926 for the Open category (compared to 903).
Commercial vehicle buyers will have 735 EOC per month, up from 674, while motorcyclists will have 1,049 per month, up from 934.
In total, the average monthly fee amounts to 6,649, 7.1% more than in the previous period.
THE TIMES OF THE STRAIT
Analyze historical COE data with the interactive Business Times tool
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