COE Results — Aug 2018 Ex 1

COE Prices — Aug 2018 Ex 1

Bidding Date: Wednesday, 1 August 2018

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$33,798	↑ +$1,099
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$34,381	↑ +$1,830
Cat C	Goods Vehicles & Buses	$30,389	↓ -$500
Cat D	Motorcycles	$5,514	↓ -$675
Cat E	Open (All Vehicle Types)	$33,420	↑ +$611

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	1672	3633	1672	2.17×
Cat B	1265	2132	1256	1.69×
Cat C	379	549	330	1.45×
Cat D	845	1208	791	1.43×
Cat E	536	896	524	1.67×

Competition ratio = bids received ÷ quota available. A ratio above 1.5× indicates high demand for that category.

What Stood Out

• Biggest mover: Cat D, −10.9%. Overall, 3 of 5 categories rose and 2 fell.
• Narrow gap: Cat B is only $583 above Cat A.
• Unusual: the Open category ($33,420) closed below Cat B ($34,381). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat A, with 2.17 bids for every COE available.
• Supply: the total quota grew +13.4% to 4,697 COEs.

Category by Category

Cat A (small cars) rose $1,099 (+3.4%) to $33,798. A year earlier, in Aug 2017 Ex 1, it was $46,778, so the premium is 27.7% lower year on year. That puts it in the lower part of its 12-month range of $25,000 to $47,112.

Cat B (large cars) climbed $1,830 (+5.6%) to $34,381. A year earlier, in Aug 2017 Ex 1, it was $53,711, so the premium is 36.0% lower year on year. That puts it in the lower part of its 12-month range of $31,000 to $57,414.

Cat E (open category) rose $611 (+1.9%) to $33,420. A year earlier, in Aug 2017 Ex 1, it was $52,751, so the premium is 36.6% lower year on year. That puts it at the bottom of its 12-month range of $31,001 to $57,501.

Cat C (goods vehicles) fell $500 (−1.6%) to $30,389. That is its 3rd fall in a row. A year earlier, in Aug 2017 Ex 1, it was $42,801, so the premium is 29.0% lower year on year. That puts it at the bottom of its 12-month range of $29,901 to $58,036.

Cat D (motorcycles) plunged $675 (−10.9%) to $5,514. That is its 6th fall in a row. It is the lowest Cat D premium since Nov 2017 Ex 1 ($5,502). A year earlier, in Aug 2017 Ex 1, it was $5,701, so the premium is 3.3% lower year on year.

Bidding Competition

Cat A drew 2.17 bids per COE, well above its 12-month average of 1.40. Cat B drew 1.69 bids per COE, well above its 12-month average of 1.37. Some COEs went unallocated: Cat C (49 of 379), Cat D (54 of 845). Unallocated COEs are added to the next exercise’s quota. The Cat A quota rose +15.9% to 1,672 from the previous exercise.

New to COE bidding? Read how COE bidding works and what each COE category covers.

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Browse results: ← Jul 2018 Ex 2 · Aug 2018 Ex 2 →

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Results sourced from LTA/Singapore government data via the Steer SG data pipeline. This is an informational service. We are not affiliated with LTA, Singapore government, or any car dealer.