In the first round of bidding for March, COE prices rose for Cat A while premiums for Cat B and Cat E saw drops.

The recently announced fuel duty hike may have dissuaded some buyers from making their purchases. This could also explain the fall in the number of bids received for across all non-commercial vehicle categories compared to the last bidding session. The fuel hike penalty to car ownership might not have been as effective in dissuading purchases of smaller cars, which frequently fall under the Cat A category.

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

Cat A COE - Premiums climb $995

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, were the only segment that climbed this bidding session, increasing by $995 (2.4%) to end at $41,996 this bidding round.

The small climb sees premiums for the category reaching 15.8% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 32%, lower than the average of 52% for Cat A in the last 12 months.

Cat B COE - Drop in premiums for larger cars

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell this bidding round, dropping by $1,001 (2.2%) to reach $45,001.

The slip sees premiums for the category reaching to 13.4% above the 12-month trailing average.

The total number of unsuccessful bids this round exceeded the quota available by 19%, dramatically lower than the 12-month average of 52%.

Cat C COE - Premiums continue to tumble from previous highs

In Cat C, for goods vehicles and buses, premiums continued to slip, dropping this round by $3,377 (8.8%), to close at $37,513.

The number of unsuccessful bids this round exceeded the available quota by 88%, higher than the 12-month trailing average of 63%.

Cat E COE - Premiums take a small drop

In Cat E, the open category, premiums slipped only slightly, falling by $505 (1.1%), to close at $47,001.

The number of unsuccessful bids this round exceeded the available quota by 52%, close to the 12-month trailing average of 54%.

*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