October 2016, 2nd Tender
| CAT A Cars up to 1600cc & 130bhp |
|
| Quota Premium |
Change |
Prevailing Quota Premium |
Quota |
Bids Received |
|
| $50,991 |
 |
$516 |
|
$51,641 |
2,023 |
2,584 |
|
|
|
| CAT B Cars above 1600cc or 130bhp |
|
| Quota Premium |
Change |
Prevailing Quota Premium |
Quota |
Bids Received |
|
| $56,410 |
 |
$3,409 |
|
$56,053 |
1,340 |
1,768 |
|
|
|
| CAT C Goods Vehicle & Bus |
|
| Quota Premium |
Change |
Prevailing Quota Premium |
Quota |
Bids Received |
|
| $45,589 |
|
$3,113 |
|
$48,381 |
188 |
252 |
|
|
|
|
|
| Quota Premium |
Change |
Prevailing Quota Premium |
Quota |
Bids Received |
|
| $56,340 |
|
$2,140 |
|
– |
429 |
678 |
|
|
COE price for category A slides in the latest bidding
Despite the recent announcement by Land Transport Authority (LTA) to shrink COEs quota, the premium for CAT A fell to $50,991, whereas premiums for both CAT B & CAT E rise.
We think this might be due to CAT A buyer who are more price sensitive holding back their purchase hence the fall in premium in the second bidding exercise in October. We felt that Cat A buyers will only swarm back if CAT A COE is below $50,000. As for Cat B we felt that there is room to move higher with the new quota cut effective next month. Hence we believe October & November PQP for Cat B will be lowest before it goes up. As for Cat A our view is neutral, you should renew only on your car expiry month.
