COE for cars in Category A, up to 1,600cc, ended at $77,291, slightly above the previous record of $77,201, from two weeks ago.
Prices for Commercial vehicles in Category C also reached new high of $60,235, up from $59,111 in the last bidding exercises.
Premiums for cars in Category B, above 1,600cc, closed at $93,004, up from $92,400 two weeks ago while the Open Category which can be used to register any vehicle but is usually used for big cars, ended at $93,990.
This is up from $92,100.
Motorcycles were the only vehicles that saw a decrease, finished $1,689, down from $1,959 previously.
| Nov 2012 - First bidding | ||
| Category | Nov 21 prices | Nov 7 prices |
| Cars (1,600CC below) | $77,291 | $77,201 |
| Cars (above 1,600CC) | $93,004 | $92,400 |
| Commercial vehicles | $60,235 | $59,111 |
| Motorcycles | $1,689 | $1,959 |
| Open category | $93,990 | $92,100 |
SOURCE
It simply wouldn't stop climbing, and with the commercial vehicle category getting crazier in pricing, this will eventually pass the cost to consumers. Ended up everything else is just going to be even more expensive. Why is our inflation rate so high? COE is a huge contributing factor other than housing.
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