Falls in COE premiums across board suggest car, commercial vehicle premiums hitting resistance level

[SINGAPORE] Certificate of Entitlement (COE) premiums for passenger cars and commercial vehicles have reached a price ceiling after months of increases, said industry observers.

This came as premiums for Category A (mainstream cars), Category B (large and luxury cars) and Category C (commercial vehicles) dipped in June’s second round of bidding on Wednesday (Jun 17).

“With today’s bidding result, there is some resistance, as the market is exhausted after so many rounds of COE premiums rising,” said Keith Oh, president of the Automobile Importer & Exporter Association (Singapore).