CERTIFICATE of Entitlement (COE) premiums in February’s second round of bidding dropped for all categories except those for commercial vehicles.
The price for Category A, for mainstream cars, fell 2.8 per cent or S$2,199 to S$76,801.
A Category A COE is required to register mainstream 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 premiums for categories used for larger, more expensive cars saw the largest changes.
The premium for Category B fell 5.2 per cent or S$5,338 to S$97,000.
Category B is the category for cars with engines of more than 1,600 cc in capacity or with more than 97 kW, or for EVs with more than 110 kW.
The premium for Category C, applicable to commercial vehicles and buses, increased 1.4 per cent or S$1,000 to S$73,001.
Category E slid 6.1 per cent or S$6,095 to S$94,006.
Category E is the open category, which can be used to register any type of vehicle aside from motorcycles. It is generally used to register cars which fall into Category B, which is usually the most expensive type of COE.
The price for Category D – used for motorcycles – decreased 4.1 per cent, or S$379, to S$8,911.
The premiums for the passenger car categories A and B have been on a downtrend since reaching record highs in October 2023, with the supply of COEs going up, thanks in part to measures by the Land Transport Authority (LTA) to bring forward guaranteed deregistrations.
However, Category C prices have been on an upward trend in 2024 rising from S$67,599 in January’s first round of bidding.
