Cars up to 1,600cc and 130bhp saw the biggest decline in prices.
Certificate of Entitlement (COE) premiums closed lower in the latest bidding exercise, an announcement revealed.
For Category A cars which are those 1,600cc and below with horsepower not exceeding 130 brake horsepower (bhp), premiums closed at $25,000. This is $3,199 lower from the last bidding exercise.
Premiums for cars above 1,600cc or 130bhp in Category B closed at $31,101 which is lower compared to the $32,302 from the last exercise.
For goods vehicles and buses under Category C, premiums declined $1,992 to $27,509 whilst premiums for open category COEs which can be used for any vehicle type fell to $30,959 from $32,000.
Meanwhile, category A cars issued the most number of COEs at 1,818. It was followed by category B (1,241), the open category (552) and category C (331).
A total of 5,527 bids participated in the latest COE bidding round. Of these, 1,786 bids were reported for Category B cars.
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