COE premiums rise across all categories, Cat E now highest since July 2015

CAT	Premium	Change	Quota	No. of bids
A	$46,689	▲ $1,500	806	1,127
B	$61,001	▲ $5,000	794	1,065
C	$40,010	▼ $2,579	118	220
E	$64,901	▲ $5,302	198	408

In the second round of bidding for August, Certificate of Entitlement (COE) prices rose across all private car categories. 

More buyers could have been persuaded to make their purchases in these last two weeks, in leiu of the various National Day offers given by dealers across the long weekend. This could also explain the rise in bids received this session when compared to the last.

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


Cat A COE - Premiums climb 3.3%

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $1,500 (3.3%) and ended at $46,689 this bidding round.

Premiums for the category now stand at 10.6% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 40%. This figure has averaged 48% for Cat A in the last 12 months.


Cat B COE - $5,000 jump in premiums

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, also climbed this bidding round, by $5,000 (8.9%) to reach $61,001.

This lastest climb has brought premiums for the category up to 24% above the 12-month trailing average.

The total number of unsuccessful bids this round exceeded the quota available by 34%, lower than the 12-month average of 45%.


Cat C COE - A $2,579 drop

Premiums for Cat C, for goods vehicles and buses, fell by $2,579 (6.1%), closing at $40,010.

The number of unsuccessful bids this round exceeded the available quota by 86%, higher than the 12-month trailing average of 79%.


Cat E COE - Highest since July 2015

In Cat E, the open category, premiums rose by $5,302 (4.9%), closing at $64,901.

The premium for this bidding round now stands at 29.2% above the 12-month trailing average. Premiums for the category have not been this high since July of 2015.

The number of unsuccessful bids this round exceeded the available quota by 106%. The 12-month trailing average for this figure is 58%.


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	$46,358 (August)
B	$58,356 (August)
C	$39,522 (August)

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