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In the second round of COE bidding for July, premiums for both Cat A and B fell, while Cat E premiums saw only a minimal increase.

22 Jul 2020 | Local News : Singapore



CAT Premium Change Quota No. of bids
A $32,699  $821 1,304 2,485
B $35,001  $888 1,339 2,497
C $23,888  $614 489 759
E $35,001 ▲ $12  448 714


In the second round of bidding for July, COE prices fell for Cat A and B, while premiums for Cat E saw a minimal increase.

The drop in premiums for Cat A and B could be a result of a declining interest in new car purchases, as suggested by the declining number of bids across all categories. The number of bids received reached an all-time high at the last bidding session as new car purchases awaiting their COEs were accumulated through the entire circuit breaker period. The number of unsuccessful bids will continue to drop with each bidding round as the quota for May and June of 2020 continues to be divided between the bidding rounds until June of 2021.

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


Cat A COE - Premiums slip by $821

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $821 (-2.5%) and ended at $32,699 this bidding round.

The premium from this bidding round is still 2.9% higher than the 12-month trailing average, and falls into the 56th percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 91%, this figure has averaged 44% for Cat A in the last 12 months.

While there still remains a significant number of bids for Cat A cars this bidding round, the number of unsuccessful bids has dropped from the first bidding session of this month.


Cat B COE - Premiums fall by 2.5% since the last bidding round

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, decreased by $888 (-2.5%) and ended at $35,001 this bidding round.

With the fall in the premium from this bidding round, the Cat B premium is now 8.0% lower than the 12-month trailing average. The premium for this round has only reached the 22nd percentile of the 12-month trailing average.

The total number of unsuccessful bids this round exceeded the quota available by 86%, far higher than the 12-month average of 35%.

Cat C COE - COE for commercial vehicles slips by $614

Premiums for Cat C, for goods vehicles and buses, decreased by $614 (-2.5%) and ended at $23,888. The premium from this bidding round is now 6.5% lower than the 12-month trailing average.

Cat E COE - The only category to see premiums rise this round

In Cat E, the open category, premiums increased by $12 (0.03%), closing at $35,001. With the premium for Cat E holding steady, the premium for this bidding round stands at 11.9% below the 12-month trailing average and is at the 20th percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 46%, which is lower than the 12-month trailing average of 57%.

The data indicates that demand for Cat E COEs has fallen during the second half of July 2020.

*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.

Category Prevailing Quota Premium
A $32,875 (July)
B $33,568 (July)
C $24,271 (July)

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 
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