COE Results January 2025 2nd Bidding: Down across the board!

The second round of bidding for January saw Certificate of Entitlement (COE) premiums dropping across the board.

Despite being the first COE bidding session since the 2025 Singapore Motor Show, this session saw less bids submitted in categories B and E compared to the last bidding session. It is likely that dealers here are awaiting the expected increase in COE supply come February before they begin to submit bids to fulfil their orders received during the motor show.

It is also worth noting that current premiums for Cat B and Cat E still remain high when compared against the past 12 months as this session's slip comes on the back of a significant climb last session.

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

Cat A COE - A small dip

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 only a slight hit this session, dropping by just $98 (0.1%) to reach $93,601.

The current premium now stands at just 2.1% above the 12-month trailing average. The total number of number of bids submitted exceeded the number of successful bids this round by 39%, lower than the 12-month average of 58% for the category.

Cat B COE - Slipping by $4,876

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, took a slight hit this session, dropping by a total of $4,876 (4.0%) to reach $116,625.

This drop means the current premium for the category is now 10.8% above the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 56%. This is on par with the 12-month average figure for the category of 56%.

Cat C COE - Dropping by $2,415

Premiums for Cat C, for goods vehicles and buses, slipped this session by $2,415 (3.6%) to close at $65,476. The number of unsuccessful bids this round exceeded the available quota by 59%, lower than the 12-month average for this category of 61%.

Cat E COE - Also taking a hit

Premiums for Cat E, the open category, also took a hit session, slipping by $7,888 (6.4%) to reach $115,112.

The current premium for the category is now 9.4% above the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 72%, higher than the 12-month average figure for the category of 84%.

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.

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 
✅ Complimentary Pre-COE Car Inspection 
✅ COE renewal loan quote comparisons 
✅ Interest Rate typically starts from 2.88% 
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✅ Settlement of entire COE renewal paperwork