COE Results — Apr 2023 Ex 2

COE Prices — Apr 2023 Ex 2

Bidding Date: Wednesday, 19 April 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$103,721	↑ +$7,220
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$120,889	↑ +$2,388
Cat C	Goods Vehicles & Buses	$75,334	↓ -$1,467
Cat D	Motorcycles	$12,179	↑ +$178
Cat E	Open (All Vehicle Types)	$124,501	↑ +$5,511

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	507	750	489	1.48×
Cat B	430	553	403	1.29×
Cat C	51	116	47	2.27×
Cat D	465	510	436	1.10×
Cat E	137	252	136	1.84×

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, 4 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 2.27 bids for every COE available.

Category by Category

Cat A (small cars) climbed $7,220 (+7.5%) to $103,721. That is its 5th 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 2, it was $68,699, so the premium is 51.0% higher year on year.

Cat B (large cars) rose $2,388 (+2.0%) to $120,889. That is its 7th 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 2, it was $90,002, so the premium is 34.3% higher year on year.

Cat E (open category) rose $5,511 (+4.6%) to $124,501. That is its 3rd rise in a row. It is the highest Cat E premium in our records, which begin in July 2017. A year earlier, in Apr 2022 Ex 2, it was $95,801, so the premium is 30.0% higher year on year.

Cat C (goods vehicles) fell $1,467 (−1.9%) to $75,334. That is its 3rd fall in a row. It is the lowest Cat C premium since Oct 2022 Ex 2 ($70,201). A year earlier, in Apr 2022 Ex 2, it was $52,002, so the premium is 44.9% higher year on year.

Cat D (motorcycles) rose $178 (+1.5%) to $12,179. A year earlier, in Apr 2022 Ex 2, it was $9,801, so the premium is 24.3% higher year on year. That puts it in the upper part of its 12-month range of $9,489 to $13,189.

Bidding Competition

Some COEs went unallocated: Cat B (27 of 430), Cat D (29 of 465). Unallocated COEs are added to the next exercise’s quota.

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

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Browse results: ← Apr 2023 Ex 1 · May 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.