COE Results — Jan 2024 Ex 1
Cat A
$65,010
Small cars
Cat B
$85,010
Large cars
Cat C
$67,599
Goods vehicles
Cat D
$9,114
Motorcycles
Cat E
$106,388
Open category
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COE Prices — Jan 2024 Ex 1
Bidding Date: Wednesday, 3 January 2024
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $65,010 | ↓ -$19,990 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $85,010 | ↓ -$24,991 |
| Cat C | Goods Vehicles & Buses | $67,599 | ↓ -$1,824 |
| Cat D | Motorcycles | $9,114 | ↑ +$112 |
| Cat E | Open (All Vehicle Types) | $106,388 | ↓ -$12,000 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 924 | 1184 | 920 | 1.28× |
| Cat B | 633 | 850 | 628 | 1.34× |
| Cat C | 193 | 340 | 192 | 1.76× |
| Cat D | 523 | 666 | 514 | 1.27× |
| Cat E | 149 | 263 | 140 | 1.77× |
Competition ratio = bids received ÷ quota available. A ratio above 1.5× indicates high demand for that category.
What Stood Out
- Biggest mover: Cat A, −23.5%. Overall, 1 of 5 categories rose and 4 fell.
- Cat A is at its lowest since Feb 2022 Ex 2.
- Cat B is at its lowest since Jan 2022 Ex 2.
- Most contested: Cat E, with 1.77 bids for every COE available.
Category by Category
Cat A (small cars) plunged $19,990 (−23.5%) to $65,010. It is the lowest Cat A premium since Feb 2022 Ex 2 ($63,000). A year earlier, in Jan 2023 Ex 1, it was $80,000, so the premium is 18.7% lower year on year.
Cat B (large cars) plunged $24,991 (−22.7%) to $85,010. That is its 3rd fall in a row. It is the lowest Cat B premium since Jan 2022 Ex 2 ($82,001). A year earlier, in Jan 2023 Ex 1, it was $102,002, so the premium is 16.7% lower year on year.
Cat E (open category) plunged $12,000 (−10.1%) to $106,388. That is its 3rd fall in a row. It is the lowest Cat E premium since Feb 2023 Ex 1 ($105,002). A year earlier, in Jan 2023 Ex 1, it was $107,889, so the premium is 1.4% lower year on year.
Cat C (goods vehicles) fell $1,824 (−2.6%) to $67,599. That is its 6th fall in a row. It is the lowest Cat C premium since Oct 2022 Ex 1 ($65,991). A year earlier, in Jan 2023 Ex 1, it was $77,301, so the premium is 12.6% lower year on year.
Cat D (motorcycles) rose $112 (+1.2%) to $9,114. A year earlier, in Jan 2023 Ex 1, it was $10,890, so the premium is 16.3% lower year on year. That puts it mid-way through its 12-month range of $5,002 to $12,390.
Bidding Competition
Some COEs went unallocated: Cat E (9 of 149). 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.
Browse results: ← Dec 2023 Ex 2 · Jan 2024 Ex 2 →
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.
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