COE premiums dipped in second August bidding

Premiums for cars above 1,600 cc also slipped by $1,952 to $32,329.

The certificate of entitlement (COE) premiums for most cars dipped as of the second bidding in August.

For small cars up to 1,600 cc, premiums went down by $1,801 to $31,997. Premiums for cars above 1,600 cc also dipped by $1,952 to $32,329, data from SG Car Mart revealed.

Meanwhile, goods vehicle and bus premiums went down by $487 to $29,902.

For open COE, premiums were priced at $32,311, down by $1,109 from the last bidding. Meanwhile, COE for motorcycles is at $4,889.

Across vehicle segments, a total of 7,717 bids were received whilst quota available is only at 4,727.

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