COE Results — Jan 2024 Ex 2

COE Prices — Jan 2024 Ex 2

Bidding Date: Wednesday, 17 January 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$81,589	↑ +$16,579
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$112,000	↑ +$26,990
Cat C	Goods Vehicles & Buses	$68,001	↑ +$402
Cat D	Motorcycles	$9,309	↑ +$195
Cat E	Open (All Vehicle Types)	$109,004	↑ +$2,616

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	923	1880	921	2.04×
Cat B	657	1308	657	1.99×
Cat C	191	394	187	2.06×
Cat D	520	615	491	1.18×
Cat E	140	267	136	1.91×

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

What Stood Out

• Biggest mover: Cat B, +31.7%. Overall, every category rose.
• Unusual: the Open category ($109,004) closed below Cat B ($112,000). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat C, with 2.06 bids for every COE available.

Category by Category

Cat A (small cars) jumped $16,579 (+25.5%) to $81,589. A year earlier, in Jan 2023 Ex 2, it was $86,000, so the premium is 5.1% lower year on year. That puts it mid-way through its 12-month range of $65,010 to $106,000.

Cat B (large cars) jumped $26,990 (+31.7%) to $112,000. A year earlier, in Jan 2023 Ex 2, it was $105,459, so the premium is 6.2% higher year on year. That puts it mid-way through its 12-month range of $85,010 to $150,001.

Cat E (open category) rose $2,616 (+2.5%) to $109,004. A year earlier, in Jan 2023 Ex 2, it was $107,000, so the premium is 1.9% higher year on year. That puts it at the bottom of its 12-month range of $105,002 to $158,004.

Cat C (goods vehicles) inched up $402 (+0.6%) to $68,001. A year earlier, in Jan 2023 Ex 2, it was $77,109, so the premium is 11.8% lower year on year. That puts it at the bottom of its 12-month range of $67,599 to $91,101.

Cat D (motorcycles) rose $195 (+2.1%) to $9,309. A year earlier, in Jan 2023 Ex 2, it was $11,101, so the premium is 16.1% lower year on year. That puts it mid-way through its 12-month range of $5,002 to $12,390.

Bidding Competition

Cat A drew 2.04 bids per COE, well above its 12-month average of 1.37. Cat B drew 1.99 bids per COE, well above its 12-month average of 1.44. Some COEs went unallocated: Cat D (29 of 520). 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: ← Jan 2024 Ex 1 · Feb 2024 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.