November 2020 COE results: Good signs as premiums drop
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PUBLISHED ONNovember 05, 2020 6:40 AMByMikhail
In the 1st COE bidding exercise for November 2020, Cat A closed at $35,990, Cat B at $39,000, and Cat E at $39,500.
Cat A (Cars up to 1600CC & 97KW) closed at $35,990, with a decrease of $1,344 from the last exercise. It received 1,262 bids in total.
Cat B (Cars above 1600CC or 97KW) also saw a decrease in premiums. It closed $1,990 lower with the final amount at $39,000. It received 1,415 bids.
Closing at $31,502 is Cat C (Goods Vehicle & Bus). It closed $2,276 lower from the previous exercise.
Cat D (Motorcycles) closed this exercise at $7,251. It received 727 bids and saw a $49 decrease in premiums.
Finally, for Cat E (Open Category), it saw a slight $389 drop. It closed at $39,500 and received 683 bids.
Here’s a summary of the 1st bidding exercise for November 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$35,990 |
$37,334 |
$1,344 (-3.6 per cent) |
|
B – Car above 1600CC or 97KW |
$39,000 |
$40,990 |
$1,990 (-4.8 per cent) |
|
C – Goods Vehicle & Bus |
$31,502 |
$33,778 |
$2,276 (-6.7 per cent) |
|
D – Motorcycle |
$7,251 |
$7,300 |
$49 (-0.7 per cent) |
|
E – Open |
$39,500 |
$39,889 |
$389 (-0.98 per cent) |
This article was first published in Motorist.