Certificate of entitlement (COE) prices ended mostly lower in the latest tender on Wednesday (Dec 5) as demand remained lukewarm in the face of weak consumer sentiment.
Cat A COE premiums (for cars up to 1600cc and 130bhp) finished at the year’s low of $23,568, down from $25,000 two weeks ago.
COE premiums for cars above 1600cc or 130bhp closed at $31,001, slightly down from $31,101 previously.
Prices for Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for cars, finished at $30,851 – also down slightly from $30,959 previously.
Commercial vehicle COE premiums ended at $27,009, down from $27,509.
Motorcycle COE prices bucked the trend to end at $3399, up from $2989 two weeks ago.
Motor dealers reckon demand will stay subdued, at least until the Singapore Motorshow in January, which usually whips up demand with a slew of new model launches.