October 2020 COE results second bidding: Premiums for cars close mostly higher

In the 2nd COE bidding exercise for October 2020, Cat A closed at $37,334, Cat B at $40,990, and Cat E at $39,889

Cat A (Cars up to 1600CC & 97KW) closed at $37,334, with an increase of $800 from the last exercise. It received 1,323 bids in total.

Cat B (Cars above 1600CC or 97KW) also saw an increase in premiums. It closed $300 higher with the final amount at $40,990. It received 1,272 bids.

Closing at $33,778 is Cat C (Goods Vehicle & Bus). It closed $689 higher from the previous exercise.

Cat D (Motorcycles) closed this exercise at $7,300. It received 560 bids and saw a $151 decrease in premiums.

Finally, for Cat E (Open Category), it saw a slight $412 drop. It closed at $39,889 and received 560 bids.

Here’s a summary of the 2nd bidding exercise for October 2020:

Category	Current COE premium (October 2020 - 2nd Bidding)	Current COE premium (October 2020 - 1st Bidding)	Difference
A – Car up to 1600CC & 97KW	$37,334	$36,534	$800 (2.2 per cent)
B – Car above 1600CC or 97KW	$40,990	$40,690	$300 (0.7 per cent)
C – Goods Vehicle & Bus	$33,778	$33,089	$689 (2.1 per cent)
D – Motorcycle	$7,300	$7,451	$151 (-2 per cent)
E – Open	$39,889	$40,301	$412 (-1 per cent)

This article was first published in Motorist.