Coe prices of entitlement prices continued to trek northwards in the latest tender, the first after last Friday's announcement of quota numbers for the August-January period. COE for cars up to 1,600cc and taxis inched up by 0.02 per cent to end at $56,002. Those for cars above 1,600cc ended 5.8 per cent higher at $72,501. Both premiums are now at their highest in 14 years. Open category COE, which can be used for any vehicle type but ends up mainly for cars, chalked the biggest rise yesterday. It rose by 8.3 per cent to finish at a six-month high of $74,490. Commercial vehicle COE was 5.9 per cent higher at $34,502, while the motorcycle premium slipped by 14.7 per cent to close at $2,012. Motor traders said the latest results reflected changes to the COE supply. The two premiums which rose the most yesterday - those for cars above 1,600cc and commercial vehicles - will also have the biggest quota reductions in the next six months.
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