COEs mostly higher, premiums for small cars down to $64,209

Certificates of Entitlement (COEs) ended higher in all but one category in the latest bidding exercise on Wednesday afternoon.

Premiums for small cars fell $10,480 to $64,209, while those of big cars rose $15,810 to $73,900.

The Open Category saw the second highest increase of $8,300 to $73,301.

COEs for commercial vehicles rose $211 to $54,111, while motorcycles edged up $14 to $1,909.

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This is more like it, which Cat B higher than Cat A. The massive drop in Cat B price two weeks ago sparked some frenzy buying in luxurious car showrooms at BMW and Mercedes, with the latter pushing to clear their stock of the E-Class models in preparation of receiving the new variant of the series.

These prices are just about right at the moment. Minor fluctuations will be expected in the next few bidding before prices will stabilize, unless another big change is introduced again.