Cat A COE premium eases as demand is diverted to Cat B
With the gap in premium between the two categories narrowing, buyers may prefer bigger cars, say observers
Add BT as a preferred source
[SINGAPORE] The Certificate of Entitlement (COE) premium for smaller cars eased in August’s first bidding round as demand was diverted to bigger cars.
This follows the gap between Category A and Category B premiums narrowing in recent exercises, and a record-high premium for Category A in July.
Anthony Teo, managing director of automotive group Motorway, pointed out that car owners will go for Category B when premiums for A and B are close, which could explain the 1.7 per cent slide in Category A’s premium on Wednesday (Aug 5).
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months
