COE Results November 2024 2nd Bidding: Cat A down $10,000!

The second round of bidding for November saw Certificate of Entitlement (COE) premiums for private cars continuing to ease across the board. Premiums for Cat A in particular, dropped by a total of $10,000. It is also worth noting that the total bids received across all private car categories also dropped this session compared to the last.

The recent announcement of the upcoming 2025 Singapore Motor Show and the announced injection of a total of 20,000 COEs come February 2025 may have dampened new car buying activity this month.

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

Cat A COE - A $10,000 drop

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 significant hit this session, dropping by $10,000 (10.0%) to bring the premium for the category to $89,889. Premiums for the category have not dipped below $90,000 since June of 2024.

The current premium now stands at just 0.3% above the 12-month trailing average. The total number of number of bids submitted exceeded the number of successful bids this round by 27%, significantly lower than the 12-month average of 57% for the category.

Cat B COE - Taking a smaller 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, also dipped this session, dropping by $2,920 (2.7%) to settle at $105,081.

This slip means the current premium for the category is now just 1.0% below the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 29%. This is lower than the 12-month average figure for the category of 56%

Cat C COE - The only category to climb this session

Premiums for Cat C, for goods vehicles and buses, climbed this session by $660 (1.0%) to close at $69,000. The number of unsuccessful bids this round exceeded the available quota by 61%, lower than the 12-month average for this category of 66%.

Cat E COE - Also dipping a little

Premiums for Cat E, the open category, slipped this session by a total of $1,499 (1.4%) to reach $107,501.

The current premium for the category is now just 0.2% above the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 70%, just below the 12-month average figure for the category of 83%.

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% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork