COE Results July 2023 1st Bidding: Cat A up, B and E fall

In the first round of bidding for July, Certificate of Entitlement (COE) premiums climbed for Cat A, while premiums for Cat B and E slipped.

The recent launch of the BYD Dolphin - currently Singapore's cheapest fully electric passenger car - as well as the arrival of the updated Mercedes-Benz A-Class and B-Class here in Singapore could explain the rise in Cat A COE even as the other categories slipped this session. This could also explain why the total number of bids received for Cat A rose this session, even when the total number of bids submitted for the other categories fell this session compared to the last.

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

Cat A COE - A small climb 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, climbed slightly this session, rising by $794 (0.8%) to reach $97,000.

This climb takes premiums for the category to 9.9% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of successful bids this round by 29%, lower than the 12-month average of 39% for the category.

Cat B COE - Easing from last session's high

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, fell $2,998 (2.5%) this session to end at $118,002.

This slip sees premiums for the category now standing at 5.7% above the 12-month trailing average.

The total number of unsuccessful bids this round exceed the quota available by 26%, lower than the 12-month average figure for this category of 39%.

Cat C COE - Taking a $917 fall

Premiums for Cat C, for goods vehicles and buses, fell this session by $917 (1.1%) to close at $82,223.

The number of unsuccessful bids this round exceeded the available quota by 91%, lower than the 12-month average for this category of 111%.

Cat E COE - Slipping by $2,000

Cat E, the open category, slipped by a total of $2,000 (1.6%) this session. This fall brings the current premium for the category to $121,000.

This fall brings current premiums for the category to 6% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 67%. The 12-month average for this figure for the category is 85%.

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 provides free COE renewal advice, which includes loan sourcing and all paperwork.

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