Chitchat COEs mostly down, but price for commercial vehicles bucks trend

[bobby]

Certificate of entitlement (COE) prices ended mostly lower in the latest tender yesterday but premiums for commercial vehicles continued to climb, closing at yet another high.

The COE prices for cars above 1,600cc or 130bhp, and in the Open category, fell by the biggest margins.

The premium for larger cars finished at $46,790, down from $50,100, while the premium for the Open COE, which can be used for any vehicle type except motorcycles but ends up predominantly used for bigger cars, fell to $49,778 from $51,900 two weeks ago.

The premium for smaller cars up to 1,600cc and 130bhp closed at $42,000, down from $43,501.

The motorcycle premium also ended lower at $7,506, a dip from $7,589 at the previous tender.

Meanwhile, the COE price for commercial vehicles bucked the downward trend, ending at $45,001.

This was higher than the $40,999 premium at the end of the Jan 20 exercise, and the highest price recorded for the category in two years. - THE STRAITS TIMES

 

[bobby]

Why must there be so many COE categories eg small/large/open when any vehicle is a vehicle and occupies a space on the roads ?

COE for motorcycles is also a joke....and if so, then why not bicycles too ?

 

[Leongsam]

This shows that business is booming thanks to the PAP.

 

[pvtpublic]

This shows that business is booming thanks to the PAP.

this shows the LTA can Suka Suka cut the quota anytime to artificially inflate COE prices.

 

[gingerlyn]

Time to increase bus fare

 

[kaninabuchaojibye]

i propose COE for pmds and bicycles
these idiots cannot be allowed to be free riders!
haaaa

 

[Chase]

Commercial COE went up because SMEs rushing to buy diesel vehicles before new penalties in April 2021.
Passenger cars quota reduced, yet prices still drop, it makes me wonder whether the car factories stopping production because of semiconductor chips shortage or recession.

 

[Confuseous]

Commercial COE went up because SMEs rushing to buy diesel vehicles before new penalties in April 2021.
Passenger cars quota reduced, yet prices still drop, it makes me wonder whether the car factories stopping production because of semiconductor chips shortage or recession.

Quite a few car manufacturers had to shut their plants for extended time due to Covid.

 

[syed putra]

i propose COE for pmds and bicycles
these idiots cannot be allowed to be free riders!
haaaa

These are battery or non air polluting rides.

 

[LordElrond]

i propose COE for pmds and bicycles
these idiots cannot be allowed to be free riders!
haaaa

Not free... my bike costs more than John Tan’s car

 

[LordElrond]

Commercial COE went up because SMEs rushing to buy diesel vehicles before new penalties in April 2021.
Passenger cars quota reduced, yet prices still drop, it makes me wonder whether the car factories stopping production because of semiconductor chips shortage or recession.

All depends on quota, supply and demand. Last few months dealers stock up COE to push their units before CNY. It has gone up by about 10k plus and reached a point where margin cannot be sustained without putting buyers off.