In the first round of bidding for November, Certificate of Entitlement (COE) premiums climbed across all categories. This latest round of increases sees Cat E COE now standing at $116,577.

The new drop in COE supply for this quarter may have pushed this session's premiums higher than the last. This may have prompted new car buyers to place larger bids for their COEs this session.

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

Cat A COE - Climbing up $6,146

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, saw a sizable $6,146 (7.6%) jump this session, settling at $87,235.

This new climb means premiums for the category now standing at 23.9% above the 12-month trailing average. This price is now at the 91^st 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 49%, higher than the 12-month average of 41% for the category

Cat B COE - Climbing to new highs

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, also climbed by a sizable amount this session. Premiums for the category rose by $5,388 (4.9%) this session, to settle at $115,388.

This jump sees premiums for the category now standing at 20.2% above the 12-month trailing average.

The total number of unsuccessful bids this round exceed the quota available by 56%, higher than the 12-month average figure for this category of 41%.

Cat C COE - Still climbing up

Premiums for Cat C, for goods vehicles and buses, also climbed this session, rising by $6,101 (8.7%), to close at $76,302.

The number of unsuccessful bids this round exceeded the available quota by 110%, higher than the 12-month average for this category of 108%.

Cat E COE - Reaching a new high

Cat E, the open category, made the greatest climb this session, rising by $8,574 (7.9%). This climb has brought the premium for the category to $116,577, making it higher than the last record high of $114,001, reached in the second bidding session of July 2022.

This new climb means current premiums for the category are now at 18.6% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 94%. The 12-month average for this figure for the category is 59%.

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.

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 
✅ Complimentary Pre-COE Car Inspection 
✅ COE renewal loan quote comparisons 
✅ Interest Rate typically starts from 1.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork

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