COE Results — Oct 2022 Ex 2

COE Prices — Oct 2022 Ex 2

Bidding Date: Wednesday, 19 October 2022

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$81,089	↑ +$588
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$110,000	↑ +$14,144
Cat C	Goods Vehicles & Buses	$70,201	↑ +$4,210
Cat D	Motorcycles	$12,801	↑ +$1,050
Cat E	Open (All Vehicle Types)	$108,003	↑ +$3,002

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	559	714	558	1.28×
Cat B	470	848	463	1.80×
Cat C	91	297	86	3.26×
Cat D	516	632	511	1.22×
Cat E	164	285	160	1.74×

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

What Stood Out

• Biggest mover: Cat B, +14.8%. Overall, every category rose.
• Unusual: the Open category ($108,003) closed below Cat B ($110,000). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat C, with 3.26 bids for every COE available.

Category by Category

Cat A (small cars) inched up $588 (+0.7%) to $81,089. A year earlier, in Oct 2021 Ex 2, it was $52,709, so the premium is 53.8% higher year on year. That puts it in the upper part of its 12-month range of $52,709 to $87,889.

Cat B (large cars) jumped $14,144 (+14.8%) to $110,000. A year earlier, in Oct 2021 Ex 2, it was $80,210, so the premium is 37.1% higher year on year. That puts it at the top of its 12-month range of $77,700 to $113,000.

Cat E (open category) rose $3,002 (+2.9%) to $108,003. A year earlier, in Oct 2021 Ex 2, it was $85,000, so the premium is 27.1% higher year on year. That puts it in the upper part of its 12-month range of $82,501 to $114,001.

Cat C (goods vehicles) climbed $4,210 (+6.4%) to $70,201. It is the highest Cat C premium in our records, which begin in July 2017. A year earlier, in Oct 2021 Ex 2, it was $40,501, so the premium is 73.3% higher year on year.

Cat D (motorcycles) climbed $1,050 (+8.9%) to $12,801. That is its 11th rise in a row. It is the highest Cat D premium in our records, which begin in July 2017. A year earlier, in Oct 2021 Ex 2, it was $9,310, so the premium is 37.5% higher year on year.

Bidding Competition

Cat B drew 1.80 bids per COE, well above its 12-month average of 1.41. Some COEs went unallocated: Cat C (5 of 91). 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: ← Oct 2022 Ex 1 · Nov 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.