COEs end mixed in latest tender

Certificates of Entitlement for motorcycles surged to their highest prices since 1997. (Yahoo file photo)

Certificates of entitlement (COE) closed mixed in the latest tender despite an increase of 16 per cent in the supply quota.

COE for cars above 1,600 cc ended lower at $70,890 from $72,002 at the last tender. COE premiums for the open category also fell slightly to $71,300 from $72,201.

COE for cars below 1,600 cc closed higher at $64,900 from $63,990.

Motorcycle premiums dropped to $4,290 from $4,412 while commercial vehicle COEs rose to $63,701 from $61,000.