COE premiums slip across the board; Cat A COE drops $8,007

CAT	Premium	Change	Quota	No. of bids
A	$80,000	▼  $8,007	462	649
B	$102,002	▼  $6,004	410	487
C	$77,301	▼   $899	70	183
E	$107,889	▼  $1,711	146	285

In the first round of bidding for January, Certificate of Entitlement (COE) premiums slipped across the board.

Rising car loan interest rates may have dampered new car buying interest across the holiday season.

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


Cat A COE - A $8,007 drop 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, took a sizable hit this session, dropping by $8,007 (9.1%) to settle at $80,000.

This slip sees premiums for the category now standing at 5.5% above the 12-month trailing average. This price is now at the 33^rd percentile of prices across the last 12 months.

The total number of bids submitted this session exceeded the number of unsuccessful bids this round by 40%, lower than the 12-month average of 41% for the category.


Cat B COE - Also taking a hit this session

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, also took a hit this session. Premiums in the category dropped by $6,004 (5.6%), finally settling at $102,002.

This new slip in premiums for the category has brought the current price to 1.1% above the 12-month trailing average. Premiums for the category are now at the 49^th percetile of prices of the last 12 months.

The total number of unsuccessful bids this round exceed the quota available by 19%, significantly lower than the 12-month average figure for this category of 42%.


Cat C COE - An $899 slip this session

Premiums for Cat C, for goods vehicles and buses, also slipped this session, dropping by $899 (1.2%), to close at $77,301.

The number of unsuccessful bids this round exceeded the available quota by 161%, higher than the 12-month average for this category of 100%.


Cat E COE - Not as dramatic a drop

Cat E, the open category, slipped by $1,711 (1.6%) this session. This slip sees the premium for the category ending at $107,889.

This new slip means current premiums for the category are now at 5.0% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 95%. 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	$85,988 (Jan)
B	$108,106 (Jan)
C	$75,667 (Jan)

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 
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