COE results for JUNE 2007 1st Open Bidding Exercise have been released.

Category		Quota	QP($)	PQP($)
A	Car (1600cc & below) & Taxi	2,159	16,181
B	Car (Above 1600 cc)	1,132	19,802
C	Goods Vehicle & Bus	446	6,889
D	Motorcycle	482	1,252
E	Open	1,094	19,352

QP: Quota Premium PQP: Prevailing Quota Premium

Source: ONE.MOTORING

COE results for June 2007 1st Open Bidding Exercise were released on 6 June 2007. COE Prices for most categories except for Cat B vehicles, have dropped by significant amounts. From the last open bidding exercise at the end of May 2007, prices for vehicles in Cat A have dropped by almost $830. Prices for vehicles in Cat D and Cat E have dropped by a few hundred dollars. But the biggest drop in price is in the Goods Vehicles & Bus category (Cat C), where prices dipped by over $3000. In stark contrast Cat B vehicles, have been steadily increasing since April 2007. The latest increase in price is well over $900.