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    Apr 07, 2016

    COE prices end up higher for 2 car categories

    CERTIFICATE of entitlement (COE) prices ended mixed in the first round of bidding in April yesterday.

    COE for cars up to 1,600cc and 130bhp closed at $46,009, up from $45,504 previously.

    COE for cars above 1,600cc or 130bhp finished at $47,000, up from $46,502.

    Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, closed at $47,510, up from $46,667.

    Commercial vehicle COE slipped from $46,502 to end at a three-month low of $44,213. Motorcycle premium dipped to $6,503, down from $6,589 previously.

    Motor traders said buying sentiment remains weak, especially for high-end cars.

    Bidding is expected to stay subdued in the next tender two weeks from now, as more COEs are expected in the next quota period starting next month.