Industry watchers reckon the rise in COE price for cars up to 1,600cc can be attributed to a smaller supply of certificates
COE prices end mostly higher on eve of new quota Certificate of entitlement (COE) prices ended mostly higher in the latest tender on Wednesday. PHOTO: ST FILE

Certificate of entitlement (COE) prices ended mostly higher in the latest tender on 12 October 2020, the last one before the next three-month quota starts in November.

COE price for cars up to 1,600cc and 130bhp finished at $37,334, up from $36,534 two weeks ago. COE price for cars above 1,600cc or 130bhp closed at $40,990, up slightly from $40,690.

The premium for Open COE, which can be used for any vehicle type except motorcycles but ends up predominantly for bigger cars, ended at $39,889, down from $40,301.

Commercial vehicle COE price, which has been trending at its highest in over two years, finished at $33,778, up slightly from $33,089.

Motorcycle premium ended at $7,300, down from $7,451.

Industry watchers reckon the rise in COE price for cars up to 1,600cc can be attributed to a smaller supply of certificates in the new quota starting next month.

However, the supply of COEs for the other two categories used for cars will be larger, which may explain the dip in the premium for the Open category.