But market watchers do not expect rates to drop as competition remains intense Add BT as a preferred source Published Wed, Jun 17, 2026 · 07:08 PM Car dealers say that demand in June tailed off in the wake of The Car Expo, which took place in early May. PHOTO: DERRYN WONG, BT [SINGAPORE] Certificate of Entitlement (COE) premiums for passenger cars and commercial vehicles have reached a price ceiling after months of increases, said industry observers.