The bids in the open group, called Category E, set a new record for the second consecutive time. COE bids for large and powerful cars in Category B also reached their highest level at $110,003.
The cost of certificates of entitlement (COE) has reached a record high for large automobiles and risen across the board for all categories.
Premiums on open category permits, which may be bought for any vehicle but end up being used mainly for large cars, increased to a record $114,001 in July’s second round of bidding, according to the latest data.
