COE Results — Jul 2020 Ex 1

COE Prices — Jul 2020 Ex 1

Bidding Date: Wednesday, 1 July 2020

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$33,520	↑ +$2,310
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$35,889	↑ +$5,877
Cat C	Goods Vehicles & Buses	$24,502	↑ +$2,500
Cat D	Motorcycles	$7,702	↑ +$3,213
Cat E	Open (All Vehicle Types)	$34,989	↑ +$2,489

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	1289	3061	1286	2.37×
Cat B	1291	3160	1260	2.45×
Cat C	489	866	481	1.77×
Cat D	869	1611	856	1.85×
Cat E	444	937	436	2.11×

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

What Stood Out

• Bidding resumed: this was the first exercise since Mar 2020 Ex 2, 4 months earlier, so changes below compare against that round.
• Biggest mover: Cat D, +71.6%. Overall, every category rose.
• Unusual: the Open category ($34,989) closed below Cat B ($35,889). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat B, with 2.45 bids for every COE available.
• Supply: the total quota grew +31.4% to 4,382 COEs.

Category by Category

Cat A (small cars) climbed $2,310 (+7.4%) to $33,520. A year earlier, in Jul 2019 Ex 1, it was $28,589, so the premium is 17.2% higher year on year. That puts it in the upper part of its 12-month range of $26,667 to $35,320.

Cat B (large cars) jumped $5,877 (+19.6%) to $35,889. A year earlier, in Jul 2019 Ex 1, it was $34,000, so the premium is 5.6% higher year on year. That puts it mid-way through its 12-month range of $30,012 to $41,805.

Cat E (open category) climbed $2,489 (+7.7%) to $34,989. A year earlier, in Jul 2019 Ex 1, it was $36,901, so the premium is 5.2% lower year on year. That puts it in the lower part of its 12-month range of $32,500 to $42,020.

Cat C (goods vehicles) jumped $2,500 (+11.4%) to $24,502. A year earlier, in Jul 2019 Ex 1, it was $25,089, so the premium is 2.3% lower year on year. That puts it mid-way through its 12-month range of $22,002 to $27,800.

Cat D (motorcycles) jumped $3,213 (+71.6%) to $7,702. That is its 3rd rise in a row. It is the highest Cat D premium since Mar 2018 Ex 1 ($8,009). A year earlier, in Jul 2019 Ex 1, it was $3,081, so the premium is 150.0% higher year on year.

Bidding Competition

Cat A drew 2.37 bids per COE, well above its 12-month average of 1.42. Cat B drew 2.45 bids per COE, well above its 12-month average of 1.32. Cat E drew 2.11 bids per COE, well above its 12-month average of 1.53. The Cat A quota rose +31.3% to 1,289 from the previous exercise. The Cat B quota rose +30.1% to 1,291 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: ← Mar 2020 Ex 2 · Jul 2020 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.