COE prices close mostly lower in mid-Feb bidding exercise

Certificates of entitlement (COE) premiums ended mostly lower in the bidding exercise on Tuesday, with only commercial vehicles and motorcycles premiums closing higher than the previous exercise.

COE prices for Category A cars (1,600cc and below) saw a drop to $57,199 from $62,002.

Premiums for Category B cars (above 1,600cc or 130 bhp) dropped to $66,751 from $70,890.

Prices for open category COEs, which can be used for any vehicle type but are largely used for bigger cars closed at $67,901, down from $71,921.

Commercial vehicles COEs, which include goods vehicles and buses, closed at $53,202, up from than $52,101.

Premiums for motorcycles ended at $5,800, up from $5,504 in the last exercise.