COE prices rise across the board, except for commercial vehicles

Certificate of entitlement (COE) prices rose across all categories except commercial vehicles at the final bidding exercise of 2024.

- Vanessa Paige Chelvan

At the close of bidding at 4pm on Dec 18, the premium for Category B COEs—meant for larger, more powerful cars and electric vehicles (EVs)—ended at $109,000, 5.8 per cent higher than on Dec 4, when it was $103,010.

At $96,000, the price of a Category A COE—used to register smaller, less powerful cars and EVs—was 2.1 per cent higher than the $94,000 recorded in the previous exercise.

Category D for motorcycles recorded the largest increase of 6.4 per cent to $8,381, up from $7,878.

The premium for an Open category (Category E) COE ended at $108,992, 4.8 per cent higher than the $104,001 recorded two weeks ago.

These certificates can be used to register any vehicle type other than motorcycles but are almost always used for bigger and more powerful cars.