COE Results — Mar 2023 Ex 1
Cat A
$88,000
Small cars
Cat B
$115,501
Large cars
Cat C
$91,101
Goods vehicles
Cat D
$12,390
Motorcycles
Cat E
$116,000
Open category
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COE Prices — Mar 2023 Ex 1
Bidding Date: Wednesday, 1 March 2023
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $88,000 | ↑ +$1,444 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $115,501 | ↑ +$500 |
| Cat C | Goods Vehicles & Buses | $91,101 | ↑ +$3,311 |
| Cat D | Motorcycles | $12,390 | ↑ +$201 |
| Cat E | Open (All Vehicle Types) | $116,000 | ↓ -$2,001 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 517 | 665 | 507 | 1.29× |
| Cat B | 431 | 629 | 431 | 1.46× |
| Cat C | 43 | 65 | 39 | 1.51× |
| Cat D | 467 | 566 | 465 | 1.21× |
| Cat E | 132 | 254 | 128 | 1.92× |
Competition ratio = bids received ÷ quota available. A ratio above 1.5× indicates high demand for that category.
What Stood Out
- Biggest mover: Cat C, +3.8%. Overall, 4 of 5 categories rose and 1 fell.
- Record: Cat B set a new high for our records (since July 2017).
- Most contested: Cat E, with 1.92 bids for every COE available.
Category by Category
Cat A (small cars) rose $1,444 (+1.7%) to $88,000. A year earlier, in Mar 2022 Ex 1, it was $68,501, so the premium is 28.5% higher year on year. That puts it in the upper part of its 12-month range of $68,001 to $90,589.
Cat B (large cars) inched up $500 (+0.4%) to $115,501. That is its 4th rise in a row. It is the highest Cat B premium in our records, which begin in July 2017. A year earlier, in Mar 2022 Ex 1, it was $94,889, so the premium is 21.7% higher year on year.
Cat E (open category) fell $2,001 (−1.7%) to $116,000. A year earlier, in Mar 2022 Ex 1, it was $98,890, so the premium is 17.3% higher year on year. That puts it at the top of its 12-month range of $91,112 to $118,001.
Cat C (goods vehicles) rose $3,311 (+3.8%) to $91,101. That is its 3rd rise in a row. It is the highest Cat C premium in our records, which begin in July 2017. A year earlier, in Mar 2022 Ex 1, it was $48,889, so the premium is 86.3% higher year on year.
Cat D (motorcycles) rose $201 (+1.6%) to $12,390. That is its 4th rise in a row. It is the highest Cat D premium since Nov 2022 Ex 2 ($12,589). A year earlier, in Mar 2022 Ex 1, it was $11,400, so the premium is 8.7% higher year on year.
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.
Browse results: ← Feb 2023 Ex 2 · Mar 2023 Ex 2 →
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.
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