COE Results — Jan 2023 Ex 1

COE Prices — Jan 2023 Ex 1

Bidding Date: Wednesday, 4 January 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$80,000	↓ -$8,007
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$102,002	↓ -$6,004
Cat C	Goods Vehicles & Buses	$77,301	↓ -$899
Cat D	Motorcycles	$10,890	↓ -$800
Cat E	Open (All Vehicle Types)	$107,889	↓ -$1,711

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	462	649	459	1.40×
Cat B	410	487	410	1.19×
Cat C	70	183	70	2.61×
Cat D	445	678	432	1.52×
Cat E	146	285	146	1.95×

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

What Stood Out

• Biggest mover: Cat A, −9.1%. Overall, every category fell.
• Most contested: Cat C, with 2.61 bids for every COE available.

Category by Category

Cat A (small cars) dropped $8,007 (−9.1%) to $80,000. That is its 3rd fall in a row. It is the lowest Cat A premium since Aug 2022 Ex 1 ($80,000). A year earlier, in Jan 2022 Ex 1, it was $57,599, so the premium is 38.9% higher year on year.

Cat B (large cars) dropped $6,004 (−5.6%) to $102,002. A year earlier, in Jan 2022 Ex 1, it was $77,700, so the premium is 31.3% higher year on year. That puts it in the upper part of its 12-month range of $77,700 to $115,388.

Cat E (open category) fell $1,711 (−1.6%) to $107,889. That is its 4th fall in a row. A year earlier, in Jan 2022 Ex 1, it was $82,501, so the premium is 30.8% higher year on year. That puts it in the upper part of its 12-month range of $82,501 to $116,577.

Cat C (goods vehicles) fell $899 (−1.1%) to $77,301. That is its 3rd fall in a row. A year earlier, in Jan 2022 Ex 1, it was $42,200, so the premium is 83.2% higher year on year. That puts it in the upper part of its 12-month range of $42,200 to $81,802.

Cat D (motorcycles) dropped $800 (−6.8%) to $10,890. That is its 4th fall in a row. It is the lowest Cat D premium since Jul 2022 Ex 1 ($10,889). A year earlier, in Jan 2022 Ex 1, it was $9,689, so the premium is 12.4% higher year on year.

Bidding Competition

Cat B drew 1.19 bids per COE, well below its 12-month average of 1.42. Cat E drew 1.95 bids per COE, well above its 12-month average of 1.64.

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

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Browse results: ← Dec 2022 Ex 2 · Jan 2023 Ex 2 →

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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.