COE Results — Apr 2023 Ex 1

COE Prices — Apr 2023 Ex 1

Bidding Date: Wednesday, 5 April 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$96,501	↑ +$2,998
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$118,501	↑ +$2,300
Cat C	Goods Vehicles & Buses	$76,801	↓ -$8,588
Cat D	Motorcycles	$12,001	→ $0
Cat E	Open (All Vehicle Types)	$118,990	↑ +$2,970

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	515	749	508	1.45×
Cat B	430	566	414	1.32×
Cat C	47	103	47	2.19×
Cat D	466	529	454	1.14×
Cat E	134	252	133	1.88×

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

What Stood Out

• Biggest mover: Cat C, −10.1%. Overall, 3 of 5 categories rose and 1 fell.
• Record: Cat A set a new high for our records (since July 2017).
• 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 2.19 bids for every COE available.

Category by Category

Cat A (small cars) rose $2,998 (+3.2%) to $96,501. That is its 4th rise in a row. It is the highest Cat A premium in our records, which begin in July 2017. A year earlier, in Apr 2022 Ex 1, it was $72,996, so the premium is 32.2% higher year on year.

Cat B (large cars) rose $2,300 (+2.0%) to $118,501. That is its 6th rise in a row. It is the highest Cat B premium in our records, which begin in July 2017. A year earlier, in Apr 2022 Ex 1, it was $98,389, so the premium is 20.4% higher year on year.

Cat E (open category) rose $2,970 (+2.6%) to $118,990. It is the highest Cat E premium in our records, which begin in July 2017. A year earlier, in Apr 2022 Ex 1, it was $99,999, so the premium is 19.0% higher year on year.

Cat C (goods vehicles) plunged $8,588 (−10.1%) to $76,801. It is the lowest Cat C premium since Nov 2022 Ex 1 ($76,302). A year earlier, in Apr 2022 Ex 1, it was $54,901, so the premium is 39.9% higher year on year.

Cat D (motorcycles) was unchanged at $12,001. A year earlier, in Apr 2022 Ex 1, it was $10,503, so the premium is 14.3% higher year on year. That puts it in the upper part of 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: ← Mar 2023 Ex 2 · Apr 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.