Huge falls in COE premiums as quotas increase
Larger COE quotas which kicked in this month have resulted in huge falls in premiums for most categories.
The premium for Category A cars saw a fall of $11,300 to $60,002.
The premium for bigger and more powerful cars fell $5,000 to $70,000.
Open category COEs fell some $8,300 to $65,500.
Motorcycle COEs fell $500 to $4,000.
The only exception - commercial vehicles - which saw the premioum rising $3,400 to $36,300.
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