COE Results — Feb 2024 Ex 2

COE Prices — Feb 2024 Ex 2

Bidding Date: Wednesday, 21 February 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$76,801	↓ -$2,199
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$97,000	↓ -$5,338
Cat C	Goods Vehicles & Buses	$73,001	↑ +$1,000
Cat D	Motorcycles	$8,911	↓ -$379
Cat E	Open (All Vehicle Types)	$94,006	↓ -$6,095

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	937	1909	936	2.04×
Cat B	649	1034	642	1.59×
Cat C	199	374	192	1.88×
Cat D	548	689	548	1.26×
Cat E	158	271	156	1.72×

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

What Stood Out

• Biggest mover: Cat E, −6.1%. Overall, 1 of 5 categories rose and 4 fell.
• Cat E is at its lowest since May 2022 Ex 1.
• Unusual: the Open category ($94,006) closed below Cat B ($97,000). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat A, with 2.04 bids for every COE available.

Category by Category

Cat A (small cars) fell $2,199 (−2.8%) to $76,801. A year earlier, in Feb 2023 Ex 2, it was $86,556, so the premium is 11.3% 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 $5,338 (−5.2%) to $97,000. A year earlier, in Feb 2023 Ex 2, it was $115,001, so the premium is 15.7% 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 $6,095 (−6.1%) to $94,006. It is the lowest Cat E premium since May 2022 Ex 1 ($91,112). A year earlier, in Feb 2023 Ex 2, it was $118,001, so the premium is 20.3% lower year on year.

Cat C (goods vehicles) rose $1,000 (+1.4%) to $73,001. That is its 3rd rise in a row. A year earlier, in Feb 2023 Ex 2, it was $87,790, so the premium is 16.8% 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) fell $379 (−4.1%) to $8,911. It is the lowest Cat D premium since May 2023 Ex 1 ($5,002). A year earlier, in Feb 2023 Ex 2, it was $12,189, so the premium is 26.9% lower year on year.

Bidding Competition

Cat A drew 2.04 bids per COE, well above its 12-month average of 1.43.

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

---

Browse results: ← Feb 2024 Ex 1 · Mar 2024 Ex 1 →

← All COE Results

---

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.