In the second COE bidding exercise for March, COE premiums fell across the board slightly, with Cat B premiums actually dipping below Cat A.
In Cat E, the open category, prices also fell by $1,000 (2.6 percent), with premiums closing at $38,000.
The drop in COE premiums is a result of fewer bids for both Cat A and B COEs. The steady drop in premiums for Cat B and E over the past three months indicate that buyers have been less inclined to purchase larger capacity cars in recent months. The fluctuation in Cat A prices also reflect increased interest in smaller capacity cars, perhaps encouraged by the launch of 1.0-litre models like the Hyundai Kona and the Volkswagen Golf.
