Cat A and B COE climb while Cat E slips; Cat B COE now back above $120,000

CAT	Premium	Change	Quota	No. of bids
A	$98,001	▲  $6,001	581	881
B	$120,702	▲  $7,668	454	719
C	$81,801	▲  $4,300	68	151
E	$120,889	▼  $4,111	124	280

In the first round of bidding for June, Certificate of Entitlement (COE) premiums climbed for Cat A and B, while premiums for Cat E slipped. These changes bring the premium for Cat A back close to the $100,000 mark, while the premium for Cat B is now greater than in the first bidding session for May 2023, before the additional one-time adjustment in available supply of COEs was added by the LTA.

The longer three-week gap between this bidding session and the last could explain the raised premiums for Cat A and B this session.

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


Cat A COE - Close to the $100,000 mark

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, climbed by a total of $6,001 (6.5%) to end at $98,001.

This climb takes premiums for the category to 13.5% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of successful bids this round by 52%, higher than the 12-month average of 39% for the category.


Cat B COE - Taking a $7,668 climb

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 took a sizable climb this session. Premiums for the category climbed by a total of $7,668 (6.8%) this session to reach $120,702.

This climb sees premiums for the category now standing at just 9.5% above the 12-month trailing average.

The total number of unsuccessful bids this round exceed the quota available by 58%, higher than the 12-month average figure for this category of 40%.


Cat C COE - Climbing up $4,300

Premiums for Cat C, for goods vehicles and buses, climbed this session by $4,300 (5.6%) to close at $81,801.

The number of unsuccessful bids this round exceeded the available quota by 122%, higher than the 12-month average for this category of 109%.


Cat E COE - The only category to drop

Cat E, the open category, was the only private car category to slip this session. Premiums for the category fell by $4,111 (3.3%). This move has brought the current premium for the category to $120,889.

This slip means current premiums for the category are now at 7.4% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 126%. The 12-month average for this figure for the category is 80%.


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	$95,788 (Jun)
B	$117,255 (Jun)
C	$80,286 (Jun)

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