COE premiums finally slip across the board

CAT	Premium	Change	Quota	No. of bids
A	$68,699	▼  $4,297	532	744
B	$90,002	▼  $8,387	560	687
C	$52,002	▼  $2,899	76	181
E	$95,801	▼  $4,198	184	295

Certificate of Entitlement (COE) premiums have finally slipped across the board in the second round of bidding for April, following months of steady rises.

Recent high petrol prices, coupled with the announcement that COE supply is set to increase for Cat A and E come May 2022 might have encouraged new car shoppers to delay their purchases in the past weeks.

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


Cat A COE -  A fall of $4,297 this session

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, finally fell this session by $4,297 (5.9%), bringing an end to a 12-session long consecutive climb, and ending at $68,699 this session.

Premiums for the category now stand at 27.7% above the 12-month trailing average, and are now at the 88th percentile of the premiums from the last 12 months. The number of unsuccessful bids this round exceeded the available quota by 40%, lower than the 12-month average of 45% for the category.


Cat B COE - A sizable $8,387 slip this session

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, also took a hit this session, building on the slip from the last bidding session by falling by $8,387 (8.5%) this session to reach $90,002.

This slip in premiums for the category has brought the current price to 22.4% above the 12-month trailing average. Premiums for the category now rest at the 82^nd percentile of the 12-month average.

This total number of unsuccessful bids this round exceed the quota available by 23%. The 12-month average figure for this category is currently 42%.


Cat C COE - Also finally taking a dive

Premiums for Cat C, for goods vehicles and buses, have slipped for the first time in 2022, dropping by $2,899 this session (5.3%), to close at $52,002.

The number of unsuccessful bids this round exceeded the available quota by 138%, far higher than the 12-month average for this category of 95%.


Cat E COE - Straying away from that $100,000 mark

Cat E, the open category, also saw a slip this session, dropping by $4,198 (4.2%) this session, bringing the premium to $95,801.

This fall means current premiums for the category are now at 25.8% above the 12-month trailing average, and at the 86^th percentile of prices over the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 60%. The 12-month average for this figure for the category is 66%.


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	$63,220 (April)
B	$88,862 (April)
C	$46,016 (April)

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 
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✅ Interest Rate typically starts from 1.88% 
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✅ Settlement of entire COE renewal paperwork