COE premiums rise across all categories, pushing Cat A to highest since 2017

CAT	Premium	Change	Quota	No. of bids
A	$44,589	▲ $2,593	886	1,186
B	$47,001	▲ $2,000	946	1,222
C	$39,589	▲ $2,076	292	507
E	$47,806	▲  $805	298	430

In the second round of bidding for March, Certificate of Entitlement (COE) prices rose across all categories.

The recent launch of the Nissan Note e-POWER may have driven up premiums for COEs in Cat A.

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


Cat A COE - Premiums at highest levels since 2017

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $2,593 (6.2%) and ended at $44,589 this bidding round.

This climb takes premiums for Cat A to their highest they have been so far for 2021. Premiums for Cat A have not seen such highs since November of 2017. Premiums for the category now stand at 21.7% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 34%. This figure has averaged 52% for Cat A in the last 12 months.


Cat B COE - Premiums climb $2,000, ending three-session slip

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, ended their three-session slip this bidding session.

Premiums climbed by $2,000 (4.4%) this bidding session to end at $47,001. The lastest climb has brought premiums for the category up to 17.5% above the 12-month trailing average.

The total number of unsuccessful bids this round exceeded the quota available by 29%, lower than the 12-month average of 52%.


Cat C COE - Premiums climb $2,076

Premiums for Cat C, for goods vehicles and buses, increased by $2,076 (5.5%) to end at $39,589.


Cat E COE - Smaller climb this session for Cat E

In Cat E, the open category, premiums rose by $805 (5.1%), closing at $47,806.

The premium for this bidding round now stands at 17.9% above the 12-month trailing average and is at the 81^st percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 44%. The 12-month trailing average for this figure is 55%.

*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	$41,397 (March)
B	$47,701 (March)
C	$38,480 (March)

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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