COE Results — Nov 2022 Ex 1

COE Prices — Nov 2022 Ex 1

Bidding Date: Wednesday, 2 November 2022

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$87,235	↑ +$6,146
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$115,388	↑ +$5,388
Cat C	Goods Vehicles & Buses	$76,302	↑ +$6,101
Cat D	Motorcycles	$13,189	↑ +$388
Cat E	Open (All Vehicle Types)	$116,577	↑ +$8,574

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	460	687	460	1.49×
Cat B	411	640	393	1.56×
Cat C	70	147	69	2.10×
Cat D	441	537	440	1.22×
Cat E	146	283	143	1.94×

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

What Stood Out

• Biggest mover: Cat C, +8.7%. Overall, every category rose.
• 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 C, with 2.10 bids for every COE available.
• Supply: the total quota shrank −15.1% to 1,528 COEs.

Category by Category

Cat A (small cars) climbed $6,146 (+7.6%) to $87,235. A year earlier, in Nov 2021 Ex 1, it was $53,709, so the premium is 62.4% higher year on year. That puts it at the top of its 12-month range of $53,709 to $87,889.

Cat B (large cars) rose $5,388 (+4.9%) to $115,388. It is the highest Cat B premium in our records, which begin in July 2017. A year earlier, in Nov 2021 Ex 1, it was $82,801, so the premium is 39.4% higher year on year.

Cat E (open category) climbed $8,574 (+7.9%) to $116,577. It is the highest Cat E premium in our records, which begin in July 2017. A year earlier, in Nov 2021 Ex 1, it was $88,000, so the premium is 32.5% higher year on year.

Cat C (goods vehicles) climbed $6,101 (+8.7%) to $76,302. It is the highest Cat C premium in our records, which begin in July 2017. A year earlier, in Nov 2021 Ex 1, it was $42,001, so the premium is 81.7% higher year on year.

Cat D (motorcycles) rose $388 (+3.0%) to $13,189. That is its 12th rise in a row. It is the highest Cat D premium in our records, which begin in July 2017. A year earlier, in Nov 2021 Ex 1, it was $9,381, so the premium is 40.6% higher year on year.

Bidding Competition

Cat E drew 1.94 bids per COE, well above its 12-month average of 1.59. The Cat A quota fell −17.7% to 460 from the previous exercise. The Cat B quota fell −12.6% to 411 from the previous exercise.

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.