COE prices up in all categories

Analysts say the results from February’s first COE auction probably don’t paint the true picture of what will happen to prices in general, after the COE re-categorisation. (Yahoo file photo)

Certificate of Entitlement (COE) prices all ended higher in the latest open tender on Wednesday.

The open category of COEs, which can be used for any vehicle, saw a spike of $2,001 to $65,002.

Prices for cars below 1600 cc went up by $900 to hit $62,890, while premiums for larger cars increased by $112 to end at $65,001.

COE prices for motorcycles also rose from $4,001 to $4,252, while commercial vehicle COEs went up by a whopping $8,620 to $52,010.

Source: One Motoring