COE Results — Oct 2023 Ex 2

COE Prices — Oct 2023 Ex 2

Bidding Date: Wednesday, 18 October 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$106,000	↑ +$2,000
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$150,001	↑ +$3,999
Cat C	Goods Vehicles & Buses	$84,790	↓ -$1,110
Cat D	Motorcycles	$11,201	↑ +$345
Cat E	Open (All Vehicle Types)	$158,004	↑ +$6,004

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	797	1028	791	1.29×
Cat B	472	623	458	1.32×
Cat C	114	186	112	1.63×
Cat D	502	632	474	1.26×
Cat E	138	228	127	1.65×

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

What Stood Out

• Biggest mover: Cat E, +4.0%. 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 E, with 1.65 bids for every COE available.

Category by Category

Cat A (small cars) rose $2,000 (+1.9%) to $106,000. It is the highest Cat A premium in our records, which begin in July 2017. A year earlier, in Oct 2022 Ex 2, it was $81,089, so the premium is 30.7% higher year on year.

Cat B (large cars) rose $3,999 (+2.7%) to $150,001. 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 Oct 2022 Ex 2, it was $110,000, so the premium is 36.4% higher year on year.

Cat E (open category) rose $6,004 (+4.0%) to $158,004. That is its 7th 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 2, it was $108,003, so the premium is 46.3% higher year on year.

Cat C (goods vehicles) fell $1,110 (−1.3%) to $84,790. A year earlier, in Oct 2022 Ex 2, it was $70,201, so the premium is 20.8% higher year on year. That puts it in the upper part of its 12-month range of $70,201 to $91,101.

Cat D (motorcycles) rose $345 (+3.2%) to $11,201. A year earlier, in Oct 2022 Ex 2, it was $12,801, so the premium is 12.5% lower year on year. That puts it in the upper part of its 12-month range of $5,002 to $13,189.

Bidding Competition

Some COEs went unallocated: Cat D (28 of 502), Cat E (11 of 138). 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: ← Oct 2023 Ex 1 · Nov 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.