COE Results — Mar 2024 Ex 1

COE Prices — Mar 2024 Ex 1

Bidding Date: Wednesday, 6 March 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$83,000	↑ +$6,199
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$96,010	↓ -$990
Cat C	Goods Vehicles & Buses	$75,599	↑ +$2,598
Cat D	Motorcycles	$9,400	↑ +$489
Cat E	Open (All Vehicle Types)	$95,010	↑ +$1,004

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	963	1866	923	1.94×
Cat B	708	1073	704	1.52×
Cat C	200	303	198	1.51×
Cat D	520	646	518	1.24×
Cat E	159	282	150	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, +8.1%. Overall, 4 of 5 categories rose and 1 fell.
• Unusual: the Open category ($95,010) closed below Cat B ($96,010). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat A, with 1.94 bids for every COE available.

Category by Category

Cat A (small cars) climbed $6,199 (+8.1%) to $83,000. A year earlier, in Mar 2023 Ex 1, it was $88,000, so the premium is 5.7% lower year on year. That puts it mid-way through its 12-month range of $65,010 to $106,000.

Cat B (large cars) fell $990 (−1.0%) to $96,010. That is its 3rd fall in a row. A year earlier, in Mar 2023 Ex 1, it was $115,501, so the premium is 16.9% 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) rose $1,004 (+1.1%) to $95,010. A year earlier, in Mar 2023 Ex 1, it was $116,000, so the premium is 18.1% lower year on year. That puts it at the bottom of its 12-month range of $94,006 to $158,004.

Cat C (goods vehicles) rose $2,598 (+3.6%) to $75,599. That is its 4th rise in a row. It is the highest Cat C premium since Nov 2023 Ex 1 ($78,001). A year earlier, in Mar 2023 Ex 1, it was $91,101, so the premium is 17.0% lower year on year.

Cat D (motorcycles) climbed $489 (+5.5%) to $9,400. A year earlier, in Mar 2023 Ex 1, it was $12,390, so the premium is 24.1% lower year on year. That puts it in the upper part of its 12-month range of $5,002 to $12,179.

Bidding Competition

Cat A drew 1.94 bids per COE, well above its 12-month average of 1.46. Some COEs went unallocated: Cat E (9 of 159). 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: ← Feb 2024 Ex 2 · Mar 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.