COE Results — Dec 2023 Ex 1

COE Prices — Dec 2023 Ex 1

Bidding Date: Wednesday, 6 December 2023

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$88,020	↑ +$3,019
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$130,100	↓ -$5,236
Cat C	Goods Vehicles & Buses	$71,001	↓ -$2,888
Cat D	Motorcycles	$9,858	↓ -$143
Cat E	Open (All Vehicle Types)	$133,388	↓ -$1,614

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	928	1233	923	1.33×
Cat B	638	933	638	1.46×
Cat C	193	346	188	1.79×
Cat D	529	731	527	1.38×
Cat E	145	287	136	1.98×

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

What Stood Out

• Biggest mover: Cat C, −3.9%. Overall, 1 of 5 categories rose and 4 fell.
• Most contested: Cat E, with 1.98 bids for every COE available.

Category by Category

Cat A (small cars) rose $3,019 (+3.6%) to $88,020. A year earlier, in Dec 2022 Ex 1, it was $88,503, so the premium is 0.5% lower year on year. That puts it in the lower part of its 12-month range of $80,000 to $106,000.

Cat B (large cars) fell $5,236 (−3.9%) to $130,100. A year earlier, in Dec 2022 Ex 1, it was $105,501, so the premium is 23.3% higher year on year. That puts it mid-way through its 12-month range of $102,002 to $150,001.

Cat E (open category) fell $1,614 (−1.2%) to $133,388. A year earlier, in Dec 2022 Ex 1, it was $110,524, so the premium is 20.7% higher year on year. That puts it mid-way through its 12-month range of $105,002 to $158,004.

Cat C (goods vehicles) fell $2,888 (−3.9%) to $71,001. That is its 4th fall in a row. It is the lowest Cat C premium since Oct 2022 Ex 2 ($70,201). A year earlier, in Dec 2022 Ex 1, it was $81,501, so the premium is 12.9% lower year on year.

Cat D (motorcycles) fell $143 (−1.4%) to $9,858. That is its 3rd fall in a row. It is the lowest Cat D premium since May 2023 Ex 1 ($5,002). A year earlier, in Dec 2022 Ex 1, it was $12,100, so the premium is 18.5% lower year on year.

Bidding Competition

Some COEs went unallocated: Cat E (9 of 145). 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: ← Nov 2023 Ex 2 · Dec 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.