Overview
- Category B premiums fell 5.3% to S$105,001, slipping below Category A at S$106,501 for the first time since 2018.
- Open category COEs declined 2.7% to S$112,890, motorcycle premiums fell to S$7,989, and commercial vehicle COEs edged up to S$74,999.
- This exercise drew 5,066 bids for 3,183 available COEs, indicating firm demand across segments.
- The February–April COE supply is set at 18,824, down from 18,984 in the prior quarter, marking the first quarterly drop since 2022.
- Analysts say reduced PARF rebates could steer buyers toward EVs and strengthen the used-car market, with dealers reporting some cancellations for high-end models.