COE Results — Nov 2023 Ex 1

COE Prices — Nov 2023 Ex 1

Bidding Date: Wednesday, 1 November 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$95,689	↓ -$10,311
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$110,001	↓ -$40,000
Cat C	Goods Vehicles & Buses	$78,001	↓ -$6,789
Cat D	Motorcycles	$10,889	↓ -$312
Cat E	Open (All Vehicle Types)	$125,011	↓ -$32,993

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	924	1165	915	1.26×
Cat B	636	830	631	1.31×
Cat C	190	281	186	1.48×
Cat D	520	630	512	1.21×
Cat E	141	227	136	1.61×

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

What Stood Out

• Biggest mover: Cat B, −26.7%. Overall, every category fell.
• Most contested: Cat E, with 1.61 bids for every COE available.
• Supply: the total quota grew +19.2% to 2,411 COEs.

Category by Category

Cat A (small cars) dropped $10,311 (−9.7%) to $95,689. It is the lowest Cat A premium since Jul 2023 Ex 2 ($95,202). A year earlier, in Nov 2022 Ex 1, it was $87,235, so the premium is 9.7% higher year on year.

Cat B (large cars) plunged $40,000 (−26.7%) to $110,001. It is the lowest Cat B premium since Feb 2023 Ex 1 ($105,524). A year earlier, in Nov 2022 Ex 1, it was $115,388, so the premium is 4.7% lower year on year.

Cat E (open category) plunged $32,993 (−20.9%) to $125,011. It is the lowest Cat E premium since Jul 2023 Ex 2 ($122,110). A year earlier, in Nov 2022 Ex 1, it was $116,577, so the premium is 7.2% higher year on year.

Cat C (goods vehicles) dropped $6,789 (−8.0%) to $78,001. It is the lowest Cat C premium since May 2023 Ex 2 ($77,501). A year earlier, in Nov 2022 Ex 1, it was $76,302, so the premium is 2.2% higher year on year.

Cat D (motorcycles) fell $312 (−2.8%) to $10,889. A year earlier, in Nov 2022 Ex 1, it was $13,189, so the premium is 17.4% 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 +15.9% to 924 from the previous exercise. The Cat B quota rose +34.7% to 636 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: ← Oct 2023 Ex 2 · Nov 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.