COE Results — Sep 2022 Ex 2

COE Prices — Sep 2022 Ex 2

Bidding Date: Wednesday, 21 September 2022

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$84,000	↓ -$2,000
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$108,051	↓ -$4,949
Cat C	Goods Vehicles & Buses	$67,001	↑ +$2,012
Cat D	Motorcycles	$11,589	↑ +$288
Cat E	Open (All Vehicle Types)	$107,201	↓ -$6,098

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	543	759	527	1.40×
Cat B	471	553	471	1.17×
Cat C	83	157	75	1.89×
Cat D	512	658	500	1.29×
Cat E	176	297	176	1.69×

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

What Stood Out

• Biggest mover: Cat E, −5.4%. Overall, 2 of 5 categories rose and 3 fell.
• Unusual: the Open category ($107,201) closed below Cat B ($108,051). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat C, with 1.89 bids for every COE available.

Category by Category

Cat A (small cars) fell $2,000 (−2.3%) to $84,000. A year earlier, in Sep 2021 Ex 2, it was $48,000, so the premium is 75.0% higher year on year. That puts it at the top of its 12-month range of $47,001 to $87,889.

Cat B (large cars) fell $4,949 (−4.4%) to $108,051. A year earlier, in Sep 2021 Ex 2, it was $68,310, so the premium is 58.2% higher year on year. That puts it in the upper part of its 12-month range of $70,200 to $113,000.

Cat E (open category) dropped $6,098 (−5.4%) to $107,201. A year earlier, in Sep 2021 Ex 2, it was $70,002, so the premium is 53.1% higher year on year. That puts it in the upper part of its 12-month range of $72,756 to $114,001.

Cat C (goods vehicles) rose $2,012 (+3.1%) to $67,001. That is its 9th rise in a row. It is the highest Cat C premium in our records, which begin in July 2017. A year earlier, in Sep 2021 Ex 2, it was $39,000, so the premium is 71.8% higher year on year.

Cat D (motorcycles) rose $288 (+2.5%) to $11,589. That is its 9th rise in a row. It is the highest Cat D premium in our records, which begin in July 2017. A year earlier, in Sep 2021 Ex 2, it was $9,089, so the premium is 27.5% higher year on year.

Bidding Competition

Cat B drew 1.17 bids per COE, well below its 12-month average of 1.42. Some COEs went unallocated: Cat C (8 of 83). Unallocated COEs are added to the next exercise’s quota.

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

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Browse results: ← Sep 2022 Ex 1 · Oct 2022 Ex 1 →

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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.