COE Results — Nov 2023 Ex 2

COE Prices — Nov 2023 Ex 2

Bidding Date: Wednesday, 15 November 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$85,001	↓ -$10,688
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$135,336	↑ +$25,335
Cat C	Goods Vehicles & Buses	$73,889	↓ -$4,112
Cat D	Motorcycles	$10,001	↓ -$888
Cat E	Open (All Vehicle Types)	$135,002	↑ +$9,991

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	925	1291	925	1.40×
Cat B	648	1228	638	1.90×
Cat C	190	368	186	1.94×
Cat D	545	702	518	1.29×
Cat E	151	323	144	2.14×

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

What Stood Out

• Biggest mover: Cat B, +23.0%. Overall, 2 of 5 categories rose and 3 fell.
• Unusual: the Open category ($135,002) closed below Cat B ($135,336). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat E, with 2.14 bids for every COE available.

Category by Category

Cat A (small cars) plunged $10,688 (−11.2%) to $85,001. It is the lowest Cat A premium since Jan 2023 Ex 1 ($80,000). A year earlier, in Nov 2022 Ex 2, it was $90,589, so the premium is 6.2% lower year on year.

Cat B (large cars) jumped $25,335 (+23.0%) to $135,336. A year earlier, in Nov 2022 Ex 2, it was $113,881, so the premium is 18.8% higher year on year. That puts it in the upper part of its 12-month range of $102,002 to $150,001.

Cat E (open category) climbed $9,991 (+8.0%) to $135,002. A year earlier, in Nov 2022 Ex 2, it was $114,009, so the premium is 18.4% higher year on year. That puts it mid-way through its 12-month range of $105,002 to $158,004.

Cat C (goods vehicles) dropped $4,112 (−5.3%) to $73,889. That is its 3rd fall in a row. It is the lowest Cat C premium since Oct 2022 Ex 2 ($70,201). A year earlier, in Nov 2022 Ex 2, it was $81,802, so the premium is 9.7% lower year on year.

Cat D (motorcycles) dropped $888 (−8.2%) to $10,001. It is the lowest Cat D premium since May 2023 Ex 1 ($5,002). A year earlier, in Nov 2022 Ex 2, it was $12,589, so the premium is 20.6% lower year on year.

Bidding Competition

Cat B drew 1.90 bids per COE, well above its 12-month average of 1.41.

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

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Browse results: ← Nov 2023 Ex 1 · Dec 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.