COE prices closed with mixed results in latest May exercise

Category A vehicles saw the highest premium increase of $3,505.

Certificate of entitlement (COE) premiums closed with mixed results in the latest bidding exercise in May, an announcement revealed.

Also read: COE supply to fall by 3.5% by May-July

Category A, or cars up to 1600cc and 130bhp, recorded the largest increase of $3,505 with premiums closing at $36,704. It also received the highest amount of bids at 1,988.

Premiums for Category B vehicles which are larger and more powerful edged up $10 from the last bidding exercise to $48,010. A total of 1,360 bids were also reported.

Meanwhile, open category COEs which can be used for any vehicle type increased $92 to $52,502.

Commercial vehicles and buses under Category C saw a $3,442 drop in premiums, declining to $28,559 from $32,001 in the last bidding exercise. Motorcycle COEs also dropped $100, closing at $3,352.

A total of 5,625 bids were received in the latest bidding exercise.