COE prices closed lower for all categories except motorcycles on Thursday.
The biggest fall in monetary value was in the Open Category, where the COEs can be used for any vehicle type but end up mostly for cars. The premium for that category dropped S$5,300 to S$65,700.
The COE price for small cars (1,600cc and below as well as taxis) closed at S$46,889, down S$3,112 from the previous tender.
The COE premium for big cars (above 1,600cc) fell S$4,202 to S$65,801.
Meanwhile the COE price for commercial vehicles ended S$890 lower at S$38,699.
Motorcycle COE bucked the trend, ending S$201 higher at S$1,682.
It was the first open bidding exercise for this year. The last bidding exercise for 2011, on 21 December, saw COEs falling across the board.
Director of operations at Cycle & Carriage, Mr Alvin Ang, attributed Thursday's dip in COE prices to the holiday period, which may have slowed down showroom traffic.
He said people are also more cautious in light of the poorer economic outlook this year
The biggest fall in monetary value was in the Open Category, where the COEs can be used for any vehicle type but end up mostly for cars. The premium for that category dropped S$5,300 to S$65,700.
The COE price for small cars (1,600cc and below as well as taxis) closed at S$46,889, down S$3,112 from the previous tender.
The COE premium for big cars (above 1,600cc) fell S$4,202 to S$65,801.
Meanwhile the COE price for commercial vehicles ended S$890 lower at S$38,699.
Motorcycle COE bucked the trend, ending S$201 higher at S$1,682.
It was the first open bidding exercise for this year. The last bidding exercise for 2011, on 21 December, saw COEs falling across the board.
Director of operations at Cycle & Carriage, Mr Alvin Ang, attributed Thursday's dip in COE prices to the holiday period, which may have slowed down showroom traffic.
He said people are also more cautious in light of the poorer economic outlook this year
