COE for cars up to 1600cc and 130bhp finished at $51,106, down slightly from $51,600 in the previous tender on April 26. COE for cars above 1600cc or 130bhp closed at $55,414, up from $54,406.
Similarly, Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, ended at $55,000, up from $54,616.
Commercial vehicle COE, which had plunged 42.3 percent from $45,906 to a six-year low of $26,501 ahead of a COE supply surge in the May-July quota period, dipped to $26,029.
Motorcycle premium ended lower at $6301, down from $6712.
Motor dealers reported strong sales at the just concluded Cars@Expo, a retail bazaar organised by The Straits Times Classified.
A rush by dealers to clear stock before new emission regulations kick in later this year also put an upward pressure on premiums.
But a 15 percent increase in the May-July quota has softened the impact of stronger demand.
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