COE slips across all categories, Cat B COE slips by $12,195

CAT	Premium	Change	Quota	No. of bids
A	$80,501	▼  $3,499	564	724
B	$95,856	▼  $12,195	474	635
C	$65,991	▼  $1,010	84	148
E	$105,001	▼  $2,200	179	232

In the first round of bidding for October, Certificate of Entitlement (COE) premiums slipped across all categories, with Cat B seeing a sizable $12,195 drop.

Rising car loan interest rates here may be putting a dent on new car buying interest.

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


Cat A COE - Continuing to head downwards

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, or electric vehicles with a power output of up to 110kW, still continued to see premiums heading downward this session, with a slip of $3,499 this round (4.2%) seeing premiums settle at $80,501.

This lastest slip means premiums for the category now standing at 18.7% above the 12-month trailing average. This price is now at the 85^th percentile of prices across the last 12 months.

The total number of bids submitted this session exceeded the number of unsuccessful bids this round by 28%, lower than the 12-month average of 43% for the category.


Cat B COE - Taking a $12,195 hit

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, or electric vehicles with a power output of more than 110kW, took a sizable hit this session. Premiums in the category slipped by a total of $12,195 (11.3%) this session to settle at $95,856.

This slip sees premiums for the category now standing at just 2.3% above the 12-month trailing average. This price is now at the 56^th percentile of prices across the last 12 months.

The total number of unsuccessful bids this round exceed the quota available by 34%, lower than the 12-month average figure for this category of 41%.


Cat C COE - First drop since May 2022

Premiums for Cat C, for goods vehicles and buses, also slipped this session, falling by $1,010 (1.5%), to close at $65,991.

The number of unsuccessful bids this round exceeded the available quota by 76%, lower than the 12-month average for this category of 98%.


Cat E COE -  Still above the $100,000 mark

Cat E, the open category, also took a sizable slip this session, dropping by $2,200 (2.1%), to bring the premium for the category to $105,001.

This new slip means current premiums for the category are now at 9.4% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by only 30%. The 12-month average for this figure for the category is 63%.


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	$82,465 (Oct)
B	$109,643 (Oct)
C	$59,344 (Oct)

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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