06 Apr '11, 9am
COE premiums closed lower. Cat is $43,212. Cat B is $55,001. Open Cat is $57,100.
The COE premium for cars above 1,600cc (Category B) ended at $55,001 - a drop of $2,001 or 3.5 per cent. -- ST PHOTO: BRYAN VAN DER BEEK CERTIFICATE of Entitlement (COE) premiums fell across the board when the tender exercise closed on Wednesday. The COE premium for cars above 1,600cc (Category B) ended at $55,001 - a drop of $2,001 or 3.5 per cent. For the Open category COEs - which can be used for any vehicle type but which typically end up being used mainly for bigger cars - the premium registered a 3.3 per cent fell to $57,100 (from $59,073). Premiums for the popular cars of up to 1,600cc (Category A), dipped to $43,212 from $43,813, or by 1.4 per cent. Motorcycle premiums have also dropped, landing at $2,490 from $2,534. Commercial vehicle COE premiums ended lower at $28,189, from $29,690.