COE premiums continue to rise across the board

CAT	Premium	Change	Quota	No. of bids
A	$78,899	▲  $898	628	834
B	$110,003	▲ $2,203	527	702
C	$54,889	▲  $888	102	174
E	$114,001	▲ $3,477	194	317

In the second round of bidding for July, Certificate of Entitlement (COE) premiums climbed across all categories. This latest climb sees premiums for the open category setting yet another record after breaking its former all-time high last session.

Bidders may have been more eager to place high bid this session in anticipation of higher premiums still in the coming months, following our expectation that COE supply is to drop for the quarter starting from August 2022.

Get data on past COE bidding exercises at our COE bidding results page.


Cat A COE - An $898 climb this session

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, or electric vehicles with a power output of up to 110kW, climbed this session by $898 (1.1%) to end at $78,899.

This latest climb sees premiums for the category now standing at 31.4% above the 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 33%, lower than the 12-month average of 43% for the category.


Cat B COE - Climbing over the $110,000 mark

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, or electric vehicles with a power output of more than 110kW, still continued to climb this session, rising by $2,203 (2.0%) this session to reach $110,003.

This latest climb in premiums for the category has brought the current price to 31.6% above the 12-month trailing average.

The total number of unsuccessful bids this round exceed the quota available by 33%, lower than the 12-month average figure for this category of 42%.


Cat C COE - $888 climb this session

Premiums for Cat C, for goods vehicles and buses, also climbed this session, rising by $888 (1.6%), to close at $54,889.

The number of unsuccessful bids this round exceeded the available quota by 71%, lower than the 12-month average for this category of 97%.


Cat E COE - Still surging ahead

Cat E, the open category, continued to stay the strongest climber this session, climbing by a total of $3,477 (3.2%), bringing the premium for the category to $114,001.

This climb means current premiums for the category are now at 32% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 74%. The 12-month average for this figure for the category is 64%.


Prevailing Quota Premium

The Prevailing Quota Premium is the amount to be paid for COE renewal and is computed from the moving average of the previous three-months of COE prices. Those looking to renew the COE on their cars will thus have to pay the following prices for the respective months.

Category	Prevailing Quota Premium
A	$71,565 (July) $74,099 (Aug)
B	$97,176 (July) $102,078 (Aug)
C	$52,552 (July) $52,883 (Aug)

If you're looking for a fuss-free option to renew your car's COE, sgCarMart provides free COE renewal service which includes advice, loan sourcing and all paperwork.

✅ Advice and tips on COE renewal 
✅ Complimentary Pre-COE Car Inspection 
✅ COE renewal loan quote comparisons 
✅ Interest Rate typically starts from 1.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork