COE premiums ended mostly higher in the latest tender on Wednesday (Feb 20) as motor dealers continued to clear a healthy order bank in the face of a smaller COE supply.
COE premiums for cars up to 1600cc and 130bhp ended at $26,301, up from $25,689.
Those for cars above 1600cc or 130bhp finished at $35,403, up from $34,509.
The premiums for Open COEs, which can be used for any vehicle except motorcycles but which ends up mostly for bigger cars, closed at $36,667, up from $35,310.
Commercial vehicle COE premiums finished at $26,914, up marginally from $26,378.
Motorcycle premiums bucked the trend by ending at $3689, down from $3709.
Industry watchers reckon prices will start to slide once the current order bank bolstered by last month’s Singapore Motorshow is fulfilled.