Mainstream car COE charges to new record, outstrips luxury category as car show drives demand

Mainstream car COE charges to new record, outstrips luxury category as car show drives demand


Demand has been concentrated in a high-pressure market where dealers compete for numbers, buyers race to beat incentive cuts

[SINGAPORE] The Certificate of Entitlement (COE) premium for mainstream cars increased by 5.3 per cent to set a new record as prices for other categories were generally stable.

In November’s first round of bidding, which closed at 4 pm on Wednesday (Nov 4), the mainstream Category A rose 5.3 per cent or S$6,997 to S$139,001.

This handily broke the previous record of S$$133,009 set in early September, and is also higher than both the luxury and open category premiums.



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Nathan Pine

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

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