Despite the upcoming 2% GST increase which kicks in next month, demand for cars eased slightly as COE prices fell across all categories in the latest round of bids.

Category A COEs for cars up to 1600cc and taxis registered a $590 drop (3.65%) to $15,591.

After last week's spike that threatened to break the $20K mark, category B COEs for large cars above 1600cc fell by $911 ( 4.6%) to $18,891.

COE prices for goods vehicles and buses (Category C) fell by the most, plunging $1,388 to $5,501.

Motorcycle COE prices fell by $199 or nearly 16% over the last bidding session's result to settle at $1,053.

Open category COEs, which can be used for any class of vehicle, fell by $812 (4.2%) to $18,539.