COE Results — Jan 2023 Ex 2

COE Prices — Jan 2023 Ex 2

Bidding Date: Wednesday, 18 January 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$86,000	↑ +$6,000
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$105,459	↑ +$3,457
Cat C	Goods Vehicles & Buses	$77,109	↓ -$192
Cat D	Motorcycles	$11,101	↑ +$211
Cat E	Open (All Vehicle Types)	$107,000	↓ -$889

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	459	627	456	1.37×
Cat B	408	514	402	1.26×
Cat C	78	182	74	2.33×
Cat D	445	572	431	1.29×
Cat E	149	248	147	1.66×

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

What Stood Out

• Biggest mover: Cat A, +7.5%. Overall, 3 of 5 categories rose and 2 fell.
• Most contested: Cat C, with 2.33 bids for every COE available.

Category by Category

Cat A (small cars) climbed $6,000 (+7.5%) to $86,000. A year earlier, in Jan 2022 Ex 2, it was $57,898, so the premium is 48.5% higher year on year. That puts it in the upper part of its 12-month range of $57,898 to $90,589.

Cat B (large cars) rose $3,457 (+3.4%) to $105,459. A year earlier, in Jan 2022 Ex 2, it was $82,001, so the premium is 28.6% higher year on year. That puts it in the upper part of its 12-month range of $82,001 to $115,388.

Cat E (open category) dipped $889 (−0.8%) to $107,000. That is its 5th fall in a row. It is the lowest Cat E premium since Oct 2022 Ex 1 ($105,001). A year earlier, in Jan 2022 Ex 2, it was $83,911, so the premium is 27.5% higher year on year.

Cat C (goods vehicles) dipped $192 (−0.2%) to $77,109. That is its 4th fall in a row. A year earlier, in Jan 2022 Ex 2, it was $43,001, so the premium is 79.3% higher year on year. That puts it in the upper part of its 12-month range of $43,001 to $81,802.

Cat D (motorcycles) rose $211 (+1.9%) to $11,101. A year earlier, in Jan 2022 Ex 2, it was $10,000, so the premium is 11.0% higher year on year. That puts it mid-way through its 12-month range of $9,489 to $13,189.

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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Browse results: ← Jan 2023 Ex 1 · Feb 2023 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.