Certificates of entitlement (COE) for cars ended sharply lower at the final tender of the year Wednesday (Dec 20), while premiums for motorbikes and commercial vehicles remained firm.
COE for cars up to 1600cc and 130bhp closed at $38,200, down from $42,339. COE for cars above 1600cc or 130bhp finished at $47,002, down from $53,711.
Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for bigger cars, ended at $48,011, down from $54,334.
Commercial vehicle COE finished at $45,112, up from $42,000 previously. Motorcycle premium closed at an eight-month high of $7501, up from $6552.
Motor traders said fresh orders have been trickling in as consumers wait and see how the market will react to the new Vehicular Emissions Scheme which kicks in on Jan 1.
Related story: Zero-growth car policy will result in tens of thousands of households without a car
Related story: COE influencers
Related story: Fewer COEs for cars and motorcycles from Feb 2018
