COE Results — May 2019 Ex 1

COE Prices — May 2019 Ex 1

Bidding Date: Wednesday, 1 May 2019

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$36,704	↑ +$3,505
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$48,010	↑ +$10
Cat C	Goods Vehicles & Buses	$28,559	↓ -$3,442
Cat D	Motorcycles	$3,352	↓ -$100
Cat E	Open (All Vehicle Types)	$52,502	↑ +$92

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	1431	1988	1431	1.39×
Cat B	1139	1360	1139	1.19×
Cat C	394	610	394	1.55×
Cat D	923	1154	896	1.25×
Cat E	384	513	379	1.34×

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

What Stood Out

• Biggest mover: Cat C, −10.8%. Overall, 2 of 5 categories rose and 2 fell.
• Cat B is at its highest since Dec 2017 Ex 1.
• Cat E is at its highest since Dec 2017 Ex 1.
• Most contested: Cat C, with 1.55 bids for every COE available.

Category by Category

Cat A (small cars) jumped $3,505 (+10.6%) to $36,704. That is its 6th rise in a row. It is the highest Cat A premium since May 2018 Ex 2 ($38,001). A year earlier, in May 2018 Ex 1, it was $38,941, so the premium is 5.7% lower year on year.

Cat B (large cars) was unchanged at $48,010. That is its 9th rise in a row. It is the highest Cat B premium since Dec 2017 Ex 1 ($53,711). A year earlier, in May 2018 Ex 1, it was $38,501, so the premium is 24.7% higher year on year.

Cat E (open category) inched up $92 (+0.2%) to $52,502. That is its 10th rise in a row. It is the highest Cat E premium since Dec 2017 Ex 1 ($54,334). A year earlier, in May 2018 Ex 1, it was $38,600, so the premium is 36.0% higher year on year.

Cat C (goods vehicles) plunged $3,442 (−10.8%) to $28,559. A year earlier, in May 2018 Ex 1, it was $33,190, so the premium is 14.0% lower year on year. That puts it in the lower part of its 12-month range of $26,230 to $33,190.

Cat D (motorcycles) fell $100 (−2.9%) to $3,352. It is the lowest Cat D premium since Jan 2019 Ex 2 ($2,889). A year earlier, in May 2018 Ex 1, it was $7,204, so the premium is 53.5% lower year on year.

Bidding Competition

Cat B drew 1.19 bids per COE, well below its 12-month average of 1.51. Cat E drew 1.34 bids per COE, well below its 12-month average of 1.65. The Cat A quota fell −13.4% to 1,431 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: ← Apr 2019 Ex 2 · May 2019 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.