COE prices for larger cars fall in first bidding exercise under new quota counting method

Certificate of Entitlement premiums for larger cars and those in the Open category have dropped slightly, under the first bidding exercise using a revised method for determining COE quotas. This is aimed at reducing volatility in supply, after premiums hit new highs in July. Premiums for smaller cars closed at $80,000. Premiums for larger cars the Open category dipped to $107,001 and $113,000 respectively. COEs for commercial vehicles rose to $56,089, while motorcycle premiums went up to $11,000. One industry representative said the slight fall in premiums isn't expected to last.

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