In the first round of bidding for January, COE prices only rose slightly for Cat A while premiums for Cat B and Cat E saw a small drop.

Uncertainty over how the new VES rebates would affect the market could have prompted those looking to secure quotas to bid at prices close to those of the last bidding session.

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

Cat A COE - Premiums see a minimal $53 rise

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $53 (0.1%) to end at $40,609 this bidding round.

The minimal climb sees premiums for the category reaching 17.2% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 33%, far lower than the average of 53% for Cat A in the last 12 months.

Cat B COE -  Premiums slip $299

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, only fell slightly this bidding round, dropping by $299 (0.6%) to reach $49,001.

The slip sees premiums for the category reaching to 27.3% above the 12-month trailing average.

The total number of unsuccessful bids this round exceeded the quota available by 36%, lower than the 12-month average of 54%.

Cat C COE - Premiums still continue their upward climb

In Cat C, for goods vehicles and buses, premiums continued their climb by $699 (2.0%), closing at $35,900.

The number of unsuccessful bids this round exceeded the available quota by 83%, far higher than the 12-month trailing average of 60%.

Cat E COE - Premiums hold steady, dropping by only $11

In Cat E, the open category, premiums slipped only slightly, falling by $11 (0.02%), closing at $49,489.

The number of unsuccessful bids this round exceeded the available quota by 62%, which is higher than the 12-month trailing average of 53%.

*The 12-month trailing average only takes into consideration the months wherein there was active COE bidding.

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 service which includes advice, 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 1.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork