COE premiums drop in almost all categories

Category A premiums slipped by 3.7%.

Certificate of Entitlement premiums sank in the majority of categories in the first bidding exercise for December.

According to a statement by the Land Transportation Authority, premiums for Category B cars above 1,600cc and 130hp, plunged to $60,001, a 1.8% drop from the previous bidding exercise. Premiums for category A also slipped to $56,989.

Premiums for Category E cars also dropped by 3.5% to $60,003.

Meanwhile, only premiums for Category C, goods vehicles, registered growth, rising to $48,101.

On the other hand, motorcycle premiums were flat at $6,501.

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