Cat B slips while Cat A and Cat E climb; Cat E COE now stands at $99,999

CAT	Premium	Change	Quota	No. of bids
A	$72,996	▲ $1,440	536	723
B	$98,389	▼  $500	550	708
C	$54,901	▲ $3,397	85	210
E	$99,999	▲  $989	180	290

In the first round of bidding for April, Certificate of Entitlement (COE) premiums rose for Cat A and Cat E, while premiums for Cat B slipped.

The recent high petrol prices may have pursuaded car buyers to opt for more fuel economical vehicles in the past weeks, which are more likely to fall into Cat A. The recent change in the power threshold for electric vehicles to be considered in Cat A may have also prompted more shoppers of affordable models which typically fall into the Cat A category to make their purchases these past weeks in anticipation of higher premiums for the segment.

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


Cat A COE - 12^th conescutive climb this session

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, rose by $1,440 (2.0%) to end at $72,996 this session.

Premiums for the category now stand at 38.6% above the 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 35%, lower than the 12-month average of 45% for the category.


Cat B COE - A slip after eight consecutive climbs

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, took a small hit this session, dropping by $500 (0.5%) to reach $98,389.

This slip in premiums for the category has brought the current price to 37.4% above the 12-month trailing average. Premiums for the category now rest at the 96^th percentile of the 12-month average.

This total number of unsuccessful bids this round exceed the quota available by 29%. The 12-month average figure for this category is currently 44%.


Cat C COE - Still climbing upward

Premiums for Cat C, for goods vehicles and buses, rose by $3,397 this session (6.6%), closing at $54,901.

The number of unsuccessful bids this round exceeded the available quota by 147%, far higher than the 12-month average for this category of 60%.


Cat E COE - Kissing the $100,000 mark

Cat E, the open category, rose by $989 (1.0%) this session, bringing the premium to $99,999.

This rise sees premiums for the category now reaching 34.8% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 61%. The 12-month average for this figure for the category is 68%.


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	$63,220 (April)
B	$88,862 (April)
C	$46,016 (April)

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