COE premiums slip on eve of VES surcharge increase

CAT	Premium	Change	Quota	No. of bids
A	$47,821	▼  $689	830	1,178
B	$56,032	▼ $4,077	809	983
C	$37,000	▼   $2	238	478
E	$58,001	▼ $3,111	265	519

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

The upcoming increase in VES surchages for more pollutive vehicles may have deterred customers from making purchases in the final weeks of June. This might also explain the drop in bids received this session across both Cat A and B compared to the last COE bidding round.

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


Cat A COE - Premiums slip $689

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, took a slight hit this bidding round, dropping by $689 (1.4%) to end at $47,821 this bidding round.

This slip in premiums for the category mean the current premium now stands at 19.7% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 42%. This figure has averaged 53% for Cat A in the last 12 months.


Cat B COE - Premiums tumble $4,077

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, saw the biggest fall this bidding session, dropping by $4,077 (6.8%) to end at $56,032.

This latest slip sees the premium for this bidding round settling into the 83^rd percentile of the 12-month trailing average, at 23.3% higher than the average for premiums of the last 12 months.

The total bids received this round sees the number of unsuccessful bids exceeding the quota available by only 22%, below the 12-month average of 57%.


Cat C - Premiums hold steady

Premiums for Cat C, for goods vehicles and buses, decreased by $2 (0.01%) to end at $37,000.

The number of unsuccessful bids this round exceeded the available quota by 101%, higher than the 12-month trailing average of 73%.


Cat E COE -  Premiums slip $3,111

In Cat E, the open category, premiums likewise slipped, falling by $3,111 (5.1%), to close at $58,001.

The premium for this bidding round now stands at 41.5% above the 12-month trailing average and is at the 92^nd percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 50%, lower than the 12-month trailing average of 61%.


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	$45,272 (June)
B	$53,932 (June)
C	$40,324 (June)

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