COE premiums up for cars and motorbikes

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COE premiums up for cars and motorbikes
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The premium for commercial vehicle COE – used for vans, trucks and lorries – also eased slightly, ending 0.2 per cent lower at $77,109.Mr Nicholas Wong, general manager of Honda agent Kah Motor, said this round’s increases are “not so bad given that we had the motor show”, adding that the previous tender on Jan 5 saw prices fall by as much as $8,000, “which was a lot”.

Holding a slightly different view, Nissan agent Tan Chong Motor’s head of sales and marketing, Mr Ron Lim, said the price increase in the latest round had reasons other than the Singapore Motorshow. The LTA said there were 627 bids for Category A and 514 for Category B – from 649 and 487 previously. He added that the dip in Open premium was likely because of expectations of more certificates coming on stream from February. “The market is watching out for the new quota,” he noted.

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