COE premiums for larger cars hit new high of $121k in latest bidding exercise
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In the 2nd COE bidding exercise for June 2023, Cat A closed at $96,206, Cat B at $121,000, Cat C at $83,140, Cat D at $10,709, and Cat E at $123,000.
Cat A (Cars up to 1600CC & 97KW) received 751 bids and decreased by $1,795. It closed at $96,206.
Cat B (Cars above 1600CC or 97KW) saw 622 bids and increased by $298. It closed at $121,000.
Cat C (Goods Vehicle & Bus) received 178 bids and increased by $1,339. It closed at $83,140.
Cat D (Motorcycles) received 796 bids in total with a decrease of $292. It closed at $10,709.
Lastly, Cat E (Open Category) received 312 bids and saw an increase of $2,111. It closed at $123,000.
Here’s a summary of the 2nd bidding exercise for June 2023:
|
Category
|
Current COE
|
Previous COE
|
Difference
|
PQP
|
|---|---|---|---|---|
| A – Car up to 1600CC & 97KW | $96,206 |
$98,001 |
- $1,795
|
$97,905 (July) |
| B – Car above 1600CC or 97KW | $121,000 |
$120,702 |
+ $298
|
$118,921 (July) |
| C – Goods Vehicle & Bus | $83,140 |
$81,801 |
+ $1,339
|
$78,361 (July) |
| D – Motorcycle | $10,709 |
$11,001 |
- $292
|
$10,249 (July) |
| E – Open | $123,000 |
$120,889 |
+ $2,111
|
- |