SINGAPORE - COE for cars up to 1,600cc and 130bhp closed at $46,651 in the latest tender on Wednesday (Feb 3), down from $51,301 two weeks ago.

COE for cars above 1,600cc or 130bhp finished at a six-year low of $38,610, down from $50,089 last fortnight.

Open COE, which can be used for any vehicle type but ends up almost exclusively for bigger cars, tumbled by nearly as much to end at $44,001, down from $51,000 previously.

Commercial vehicle COE dipped from $46,502 to end at $45,036 – making this COE for vans and trucks significantly costlier than the certificate for Mercedes-Benz S-class and BMW 7-series limousines.

Motorcycle premium slid from $6,512 to $6,503.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($) A - Car (1600cc & below) 46,651 51,301 B - Car (above 1600cc) 38,610 50,089 C - Goods vehicle & bus 45,306 46,502 D - Motorcycle 6,503 6,512 E - Open 44,001 51,000

Source: Land Transport Authority