COE Results — May 2023 Ex 1

COE Prices — May 2023 Ex 1

Bidding Date: Wednesday, 3 May 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$101,001	↓ -$2,720
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$119,399	↓ -$1,490
Cat C	Goods Vehicles & Buses	$75,589	↑ +$255
Cat D	Motorcycles	$5,002	↓ -$7,177
Cat E	Open (All Vehicle Types)	$124,002	↓ -$499

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	474	663	472	1.40×
Cat B	410	513	410	1.25×
Cat C	68	109	68	1.60×
Cat D	554	670	542	1.21×
Cat E	125	271	125	2.17×

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

What Stood Out

• Biggest mover: Cat D, −58.9%. Overall, 1 of 5 categories rose and 4 fell.
• Most contested: Cat E, with 2.17 bids for every COE available.

Category by Category

Cat A (small cars) fell $2,720 (−2.6%) to $101,001. A year earlier, in May 2022 Ex 1, it was $70,901, so the premium is 42.5% higher year on year. That puts it at the top of its 12-month range of $68,001 to $103,721.

Cat B (large cars) fell $1,490 (−1.2%) to $119,399. A year earlier, in May 2022 Ex 1, it was $92,090, so the premium is 29.7% higher year on year. That puts it at the top of its 12-month range of $92,090 to $120,889.

Cat E (open category) dipped $499 (−0.4%) to $124,002. A year earlier, in May 2022 Ex 1, it was $91,112, so the premium is 36.1% higher year on year. That puts it at the top of its 12-month range of $91,112 to $124,501.

Cat C (goods vehicles) inched up $255 (+0.3%) to $75,589. A year earlier, in May 2022 Ex 1, it was $50,890, so the premium is 48.5% higher year on year. That puts it in the upper part of its 12-month range of $50,890 to $91,101.

Cat D (motorcycles) plunged $7,177 (−58.9%) to $5,002. It is the lowest Cat D premium since Mar 2020 Ex 2 ($4,489). A year earlier, in May 2022 Ex 1, it was $9,489, so the premium is 47.3% lower year on year.

Bidding Competition

Cat E drew 2.17 bids per COE, well above its 12-month average of 1.73.

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

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Browse results: ← Apr 2023 Ex 2 · May 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.