COE Results — Feb 2023 Ex 1

COE Prices — Feb 2023 Ex 1

Bidding Date: Wednesday, 1 February 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$86,000	→ $0
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$105,524	↑ +$65
Cat C	Goods Vehicles & Buses	$85,119	↑ +$8,010
Cat D	Motorcycles	$11,602	↑ +$501
Cat E	Open (All Vehicle Types)	$105,002	↓ -$1,998

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	509	663	497	1.30×
Cat B	430	580	430	1.35×
Cat C	44	108	44	2.45×
Cat D	477	594	475	1.25×
Cat E	129	229	126	1.78×

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

What Stood Out

• Biggest mover: Cat C, +10.4%. Overall, 3 of 5 categories rose and 1 fell.
• Unusual: the Open category ($105,002) closed below Cat B ($105,524). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat C, with 2.45 bids for every COE available.

Category by Category

Cat A (small cars) was unchanged at $86,000. A year earlier, in Feb 2022 Ex 1, it was $60,761, so the premium is 41.5% higher year on year. That puts it in the upper part of its 12-month range of $60,761 to $90,589.

Cat B (large cars) inched up $65 (+0.1%) to $105,524. A year earlier, in Feb 2022 Ex 1, it was $86,102, so the premium is 22.6% higher year on year. That puts it in the upper part of its 12-month range of $86,102 to $115,388.

Cat E (open category) fell $1,998 (−1.9%) to $105,002. That is its 6th fall in a row. It is the lowest Cat E premium since Oct 2022 Ex 1 ($105,001). A year earlier, in Feb 2022 Ex 1, it was $87,000, so the premium is 20.7% higher year on year.

Cat C (goods vehicles) jumped $8,010 (+10.4%) to $85,119. It is the highest Cat C premium in our records, which begin in July 2017. A year earlier, in Feb 2022 Ex 1, it was $44,001, so the premium is 93.4% higher year on year.

Cat D (motorcycles) rose $501 (+4.5%) to $11,602. A year earlier, in Feb 2022 Ex 1, it was $10,010, so the premium is 15.9% higher year on year. That puts it mid-way through its 12-month range of $9,489 to $13,189.

Bidding Competition

The Cat A quota rose +10.9% to 509 from the previous exercise.

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

---

Browse results: ← Jan 2023 Ex 2 · Feb 2023 Ex 2 →

← All COE Results

---

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.