COE Results — Feb 2024 Ex 1

COE Prices — Feb 2024 Ex 1

Bidding Date: Wednesday, 7 February 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$79,000	↓ -$2,589
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$102,338	↓ -$9,662
Cat C	Goods Vehicles & Buses	$72,001	↑ +$4,000
Cat D	Motorcycles	$9,290	↓ -$19
Cat E	Open (All Vehicle Types)	$100,101	↓ -$8,903

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	938	1931	910	2.06×
Cat B	655	1163	596	1.78×
Cat C	196	366	191	1.87×
Cat D	530	717	528	1.35×
Cat E	163	305	159	1.87×

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

What Stood Out

• Biggest mover: Cat B, −8.6%. Overall, 1 of 5 categories rose and 4 fell.
• Cat E is at its lowest since May 2022 Ex 2.
• Unusual: the Open category ($100,101) closed below Cat B ($102,338). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat A, with 2.06 bids for every COE available.

Category by Category

Cat A (small cars) fell $2,589 (−3.2%) to $79,000. A year earlier, in Feb 2023 Ex 1, it was $86,000, so the premium is 8.1% lower year on year. That puts it in the lower part of its 12-month range of $65,010 to $106,000.

Cat B (large cars) dropped $9,662 (−8.6%) to $102,338. A year earlier, in Feb 2023 Ex 1, it was $105,524, so the premium is 3.0% lower year on year. That puts it in the lower part of its 12-month range of $85,010 to $150,001.

Cat E (open category) dropped $8,903 (−8.2%) to $100,101. It is the lowest Cat E premium since May 2022 Ex 2 ($95,901). A year earlier, in Feb 2023 Ex 1, it was $105,002, so the premium is 4.7% lower year on year.

Cat C (goods vehicles) climbed $4,000 (+5.9%) to $72,001. A year earlier, in Feb 2023 Ex 1, it was $85,119, so the premium is 15.4% lower year on year. That puts it in the lower part of its 12-month range of $67,599 to $91,101.

Cat D (motorcycles) dipped $19 (−0.2%) to $9,290. A year earlier, in Feb 2023 Ex 1, it was $11,602, so the premium is 19.9% 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 2.06 bids per COE, well above its 12-month average of 1.40. Cat B drew 1.78 bids per COE, well above its 12-month average of 1.47. Some COEs went unallocated: Cat B (59 of 655). 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 2 · Feb 2024 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.