In the second Certificate of Entitlement bidding round for September, Cat A premiums fell slightly while Cat B and E premiums rose.
In the second round of bidding in September, Certificate of Entitlement (COE) prices for Cat A decreased slightly, while Cat B and E premiums rose.
In the second round of bidding for September Cat B and E premiums rose, while Cat A premiums only fell slightly Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $24 (0.1%) and ended at $31,759.
Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, rose by $999 (2.8%) and ended at $37,000.
In Cat E, the open category, premiums went up by $2,088 (5.5%), with premiums closing at $40,000.
The increase in premiums for Cat B and E could be due the recent launch of popular models such as the BMW 1 Series and the Mercedes-Benz A-Class Saloon. This can be observed from the increase in bids received for both Cat B and E. The falling COE premiums across the last bidding rounds may have also enticed buyers to make their purchases now. Cat A premiums meanwhile fell only slightly due to the lower number of bids recieved, while the quota for Cat A remained the same.