COE Results — Oct 2023 Ex 1

COE Prices — Oct 2023 Ex 1

Bidding Date: Wednesday, 4 October 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$104,000	↓ -$1,000
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$146,002	↑ +$5,113
Cat C	Goods Vehicles & Buses	$85,900	↑ +$2,099
Cat D	Motorcycles	$10,856	↑ +$156
Cat E	Open (All Vehicle Types)	$152,000	↑ +$7,360

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	785	1039	779	1.32×
Cat B	474	643	472	1.36×
Cat C	114	191	112	1.68×
Cat D	497	661	494	1.33×
Cat E	140	261	140	1.86×

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

What Stood Out

• Biggest mover: Cat E, +5.1%. Overall, 4 of 5 categories rose and 1 fell.
• 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 E, with 1.86 bids for every COE available.

Category by Category

Cat A (small cars) dipped $1,000 (−1.0%) to $104,000. A year earlier, in Oct 2022 Ex 1, it was $80,501, so the premium is 29.2% higher year on year. That puts it at the top of its 12-month range of $80,000 to $105,000.

Cat B (large cars) rose $5,113 (+3.6%) to $146,002. That is its 5th rise in a row. It is the highest Cat B premium in our records, which begin in July 2017. A year earlier, in Oct 2022 Ex 1, it was $95,856, so the premium is 52.3% higher year on year.

Cat E (open category) climbed $7,360 (+5.1%) to $152,000. That is its 6th rise in a row. It is the highest Cat E premium in our records, which begin in July 2017. A year earlier, in Oct 2022 Ex 1, it was $105,001, so the premium is 44.8% higher year on year.

Cat C (goods vehicles) rose $2,099 (+2.5%) to $85,900. That is its 5th rise in a row. It is the highest Cat C premium since Mar 2023 Ex 1 ($91,101). A year earlier, in Oct 2022 Ex 1, it was $65,991, so the premium is 30.2% higher year on year.

Cat D (motorcycles) rose $156 (+1.5%) to $10,856. A year earlier, in Oct 2022 Ex 1, it was $11,751, so the premium is 7.6% lower year on year. That puts it in the upper part of its 12-month range of $5,002 to $13,189.

Bidding Competition

The Cat A quota rose +20.6% to 785 from the previous exercise.

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

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Browse results: ← Sep 2023 Ex 2 · Oct 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.