COE Results Feb 2026 2nd Bidding: Cat A overtakes Cat B!

The winds of change have reached our shores. And they have brought more than just the recent cold temperatures.

Premiums for Cat A have risen above those for Cat B in this COE bidding exercise. This unusual result comes amidst successive declines in Cat B premiums since the start of 2026, even as those in Cat A have continued to hold steady. 

A number of factors can be possibly attributed this latest phenomenon.

The Cat A crowd has welcomed a significant number of mid-sized entrants of late, including the likes of the MGS6 EV

For starters, competition in Cat A has stiffened considerably over the last few years - but especially with the increasing might of relatively young electric brands, most of which have competitively-priced models that are eligible for a Cat A COE. Notably, a significant proportion of them includes even mid-sized models that have had their powertrains 'detuned' for a Cat A COE, including the BYD Sealion 7 Dynamic, the MGS6 EV, the Tesla Model Y RWD 110, and most recently, the XPENG G6 Air. 

But it's also likely that the recently announced changes to the PARF rebates could have had the effect of discouraging those looking to purchase cars that incur a higher ARF from placing aggressive bids. Cars that incur a higher ARF penalty are more likely to not be eligible for registration here with a Cat A COE.

This is the first COE bidding exercise since the changes to the PARF rebates were announced.

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

Cat A COE - Holding mostly steady

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 $181 (0.2%) to reach $106,501.

The current premium now stands at 1.6% above the 12-month trailing average. The total number of bids submitted exceeded the number of successful bids this round by 53%, just a touch lower than the 12-month average of 57% for the category.

*Notice that the 12-month trend line for CAT B premiums is now near-horizontal!

Cat B COE - Taking another hit

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, have taken another hit this session following last session's $10,744 slip. Premiums for the category dropped by $5,889 (5.3%) to reach $105,001 this session.

This slip means the current premium for the category is now 13.1% below the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 66%. This is higher than the 12-month average figure for the category of 45%.

Cat C COE - Up by $198

Premiums for Cat C, for goods vehicles and buses, climbed this session by $198 (0.3%) to close at $74,999. The number of unsuccessful bids this round exceeded the available quota by 71%, higher than the 12-month average for this category of 49%.

Cat E COE - Also taking a hit

Premiums for Cat E, the open category, dipped this session. This session saw premiums for the category slip by $3,110 (2.7%), bringing the final premium for the category to $112,890. 

The current premium for the category is now 7.2% below the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 139%, far higher than the 12-month average figure for the category of 82%.

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 vehicles will thus have to pay the following prices for the respective categories.

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

✅ Advice and tips on COE renewal 
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