COE Results — Jun 2023 Ex 2

COE Prices — Jun 2023 Ex 2

Bidding Date: Wednesday, 21 June 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$96,206	↓ -$1,795
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$121,000	↑ +$298
Cat C	Goods Vehicles & Buses	$83,140	↑ +$1,339
Cat D	Motorcycles	$10,709	↓ -$292
Cat E	Open (All Vehicle Types)	$123,000	↑ +$2,111

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	586	751	583	1.28×
Cat B	454	622	446	1.37×
Cat C	71	178	71	2.51×
Cat D	551	796	543	1.44×
Cat E	145	312	140	2.15×

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

What Stood Out

• Biggest mover: Cat D, −2.7%. Overall, 3 of 5 categories rose and 2 fell.
• Record: Cat B set a new high for our records (since July 2017).
• Most contested: Cat C, with 2.51 bids for every COE available.

Category by Category

Cat A (small cars) fell $1,795 (−1.8%) to $96,206. A year earlier, in Jun 2022 Ex 2, it was $74,989, so the premium is 28.3% higher year on year. That puts it in the upper part of its 12-month range of $78,001 to $103,721.

Cat B (large cars) inched up $298 (+0.2%) to $121,000. It is the highest Cat B premium in our records, which begin in July 2017. A year earlier, in Jun 2022 Ex 2, it was $106,001, so the premium is 14.1% higher year on year.

Cat E (open category) rose $2,111 (+1.7%) to $123,000. A year earlier, in Jun 2022 Ex 2, it was $104,400, so the premium is 17.8% higher year on year. That puts it in the upper part of its 12-month range of $105,001 to $125,000.

Cat C (goods vehicles) rose $1,339 (+1.6%) to $83,140. That is its 4th rise in a row. A year earlier, in Jun 2022 Ex 2, it was $53,011, so the premium is 56.8% higher year on year. That puts it in the upper part of its 12-month range of $54,001 to $91,101.

Cat D (motorcycles) fell $292 (−2.7%) to $10,709. A year earlier, in Jun 2022 Ex 2, it was $10,302, so the premium is 4.0% higher year on year. That puts it in the upper part of its 12-month range of $5,002 to $13,189.

Bidding Competition

Cat E drew 2.15 bids per COE, well above its 12-month average of 1.84.

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

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Browse results: ← Jun 2023 Ex 1 · Jul 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.