The COE price for motorcycles rose by $13.
The COE price for smaller, less powerful cars and electric vehicles in Category A rose by the biggest margin, ending at $90,889.
The COE price for smaller, less powerful cars and electric vehicles in Category A rose by the biggest margin, ending at $90,889.The premium for COEs in Category B, meant for larger, more powerful cars and EVs, also climbed to $102,334 – a 1.7 per cent increase from $100,607 two weeks ago.For the Open category COE , which can be used to register any vehicle type other than motorcycles but is almost always used for bigger, more powerful cars, the premium fell to $100,000 – a 1.
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.
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