COE Results — Mar 2022 Ex 2

COE Prices — Mar 2022 Ex 2

Bidding Date: Wednesday, 16 March 2022

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$71,556	↑ +$3,055
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$98,889	↑ +$4,000
Cat C	Goods Vehicles & Buses	$51,504	↑ +$2,615
Cat D	Motorcycles	$10,501	↓ -$899
Cat E	Open (All Vehicle Types)	$99,010	↑ +$120

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	543	849	542	1.56×
Cat B	555	824	545	1.48×
Cat C	91	166	91	1.82×
Cat D	409	575	409	1.41×
Cat E	180	344	177	1.91×

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

What Stood Out

• Biggest mover: Cat D, −7.9%. Overall, 4 of 5 categories rose and 1 fell.
• Record: Cat A set a new high for our records (since July 2017).
• Record: Cat B set a new high for our records (since July 2017).
• Record: Cat E set a new high for our records (since July 2017).
• Most contested: Cat E, with 1.91 bids for every COE available.

Category by Category

Cat A (small cars) rose $3,055 (+4.5%) to $71,556. That is its 5th rise in a row. It is the highest Cat A premium in our records, which begin in July 2017. A year earlier, in Mar 2021 Ex 2, it was $44,589, so the premium is 60.5% higher year on year.

Cat B (large cars) rose $4,000 (+4.2%) to $98,889. That is its 5th rise in a row. It is the highest Cat B premium in our records, which begin in July 2017. A year earlier, in Mar 2021 Ex 2, it was $47,001, so the premium is 110.4% higher year on year.

Cat E (open category) inched up $120 (+0.1%) to $99,010. That is its 5th rise in a row. It is the highest Cat E premium in our records, which begin in July 2017. A year earlier, in Mar 2021 Ex 2, it was $47,806, so the premium is 107.1% higher year on year.

Cat C (goods vehicles) climbed $2,615 (+5.3%) to $51,504. That is its 5th rise in a row. It is the highest Cat C premium since Nov 2017 Ex 2 ($57,701). A year earlier, in Mar 2021 Ex 2, it was $39,589, so the premium is 30.1% higher year on year.

Cat D (motorcycles) dropped $899 (−7.9%) to $10,501. A year earlier, in Mar 2021 Ex 2, it was $7,791, so the premium is 34.8% higher year on year. That puts it in the upper part of its 12-month range of $7,791 to $11,400.

Bidding Competition

Cat E drew 1.91 bids per COE, well above its 12-month average of 1.66.

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

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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.