COE premiums fall across the board, except for commercial vehicles
PHOTO: The Straits Times file
PUBLISHED ONFebruary 07, 2024 9:02 AMByDavid Ting
In the third COE bidding exercise of 2024, after a three-week break, Cat A closed at $79,000; Cat B closed at $102,338; Cat C closed at $72,001; Cat D closed at $9,290; while Cat E closed at $100,101.
Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,931 bids for 938 COEs and its premium dipped by $2,589. Category A COE closed at $79,000.
Cat B (car above 1600cc or 130bhp, and EV with more than 110kW) received 1,163 bids for 655 COEs and its premium dipped by $9,662. Category B COE closed at $102,338.
Cat C (goods vehicle and bus) received 366 bids for 196 COEs and its premium increased by $4,000. Category C COE closed at $72,001.
Cat D (motorcycle) received 717 bids for 530 COEs and its premium decreased by a token $19. Category D COE closed at $9,290.
Lastly, Cat E (all vehicles except motorcycle) received 305 bids for 163 COEs and dipped by $8,903. Category E COE closed at $100,101.
Here is a summary of the first COE bidding exercise for February 2024:
|
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – car up to 1600cc & 130bhp, and EV up to 110kW | $79,000 |
$81,589 |
– $2,589 |
$93,952 (Jan 2024) $83,385 (Feb 2024) |
| B – car above 1600cc or 130bhp, and EV above 110kW | $102,338 |
$112,000
|
– $9,662 |
$130,241 (Jan 2024) $113,742 (Feb 2024) |
| C – goods vehicle and bus | $72,001 |
$68,001 |
+ $4,000 |
$77,168 (Jan 2024) $71,319 (Feb 2024) |
| D – motorcycle | $9,290 |
$9,309 |
– $19 |
$10,302 (Jan 2024) $9,696 (Feb 2024) |
| E – all vehicles except motorcycle | $100,101 |
$109,004 |
– $8,903 |
Not applicable |
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