COE Results — Jun 2022 Ex 2

COE Prices — Jun 2022 Ex 2

Bidding Date: Wednesday, 15 June 2022

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$74,989	↑ +$1,188
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$106,001	↑ +$5,317
Cat C	Goods Vehicles & Buses	$53,011	↑ +$9
Cat D	Motorcycles	$10,302	↑ +$302
Cat E	Open (All Vehicle Types)	$104,400	↑ +$3,703

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	614	850	598	1.38×
Cat B	531	822	531	1.55×
Cat C	103	224	103	2.17×
Cat D	570	717	570	1.26×
Cat E	194	276	190	1.42×

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

What Stood Out

• Biggest mover: Cat B, +5.3%. Overall, 4 of 5 categories rose and 0 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).
• Unusual: the Open category ($104,400) closed below Cat B ($106,001). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat C, with 2.17 bids for every COE available.

Category by Category

Cat A (small cars) rose $1,188 (+1.6%) to $74,989. It is the highest Cat A premium in our records, which begin in July 2017. A year earlier, in Jun 2021 Ex 2, it was $47,821, so the premium is 56.8% higher year on year.

Cat B (large cars) climbed $5,317 (+5.3%) to $106,001. That is its 4th rise in a row. It is the highest Cat B premium in our records, which begin in July 2017. A year earlier, in Jun 2021 Ex 2, it was $56,032, so the premium is 89.2% higher year on year.

Cat E (open category) rose $3,703 (+3.7%) to $104,400. That is its 3rd rise in a row. It is the highest Cat E premium in our records, which begin in July 2017. A year earlier, in Jun 2021 Ex 2, it was $58,001, so the premium is 80.0% higher year on year.

Cat C (goods vehicles) was unchanged at $53,011. That is its 3rd rise in a row. A year earlier, in Jun 2021 Ex 2, it was $37,000, so the premium is 43.3% higher year on year. That puts it in the upper part of its 12-month range of $37,000 to $54,901.

Cat D (motorcycles) rose $302 (+3.0%) to $10,302. That is its 3rd rise in a row. A year earlier, in Jun 2021 Ex 2, it was $8,501, so the premium is 21.2% higher year on year. That puts it in the upper part of its 12-month range of $8,501 to $11,400.

Bidding Competition

Bidding competition in every category was close to its usual level for the past year.

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.