Nov 07, 2013

    COE prices fall across the board

    CERTIFICATES of entitlement (COE) prices ended lower for the second tender in a row yesterday as the motor industry adjusts to new regulations taking effect in the new year.

    The COE for cars up to 1,600cc fell by 5.6 per cent to close at $72,609, while the premium for cars above 1,600cc dipped by 3.8 per cent to $84,578.

    The Open COE, which can be used for any vehicle type but ends up being used mainly for bigger cars, slid by 3.6 per cent to finish at $89,001.

    The commercial-vehicle COE fell the most, diving 18.4 per cent to settle at an eight-month low of $55,503.

    The motorcycle premium dropped by 5.2 per cent to close at $1,710.