March 2021 COE results: Increase in premiums for Cat A & D

In the 1st COE bidding exercise for March 2021, Cat A closed at $41,996, Cat B at $45,001, Cat C at $37,513, Cat D at $7,752 and Cat E at $47,001.

Cat A (Cars up to 1600CC & 97KW) took a climb by $995, closing this exercise at $41,996. It received 1,175 bids in total.

Cat B (Cars above 1600CC or 97KW) fell steadily by $1,001 from the last exercise. It closed at $45,001 and received 1,121 bids in total.

Cat C (Goods Vehicle & Bus) saw a healthy dip. It is now $3,377 lesser than the previous exercise. It closed at $37,513 and received 480 bids in total.

Cat D (Motorcycles) received 707 bids in total. It went up by $252, closing this exercise at $7,752.

Finally, Cat E (Open Category) closed this exercise at $47,001 and saw a decrease of $505. It received 450 bids in total.

Here’s a summary of the 1st bidding exercise for March 2021:

Category	Current COE premium (March 2021 1st Bidding)	Previous COE premium (February 2021 2nd Bidding)	Difference
A – Car up to 1600CC & 97KW	$41,996	$41,001	$995 (+2.43 per cent)
B – Car above 1600CC or 97KW	$45,001	$46,002	$1,001 (-2.17 per cent)
C – Goods Vehicle & Bus	$37,513	$40,890	$3,377 (-8.26 per cent)
D – Motorcycle	$7,752	$7,500	$252 (+3.36 per cent)
E – Open	$47,001	$47,506	$505 (-1.06 per cent)

This article was first published in Motorist.