COE Results — Apr 2024 Ex 2

COE Prices — Apr 2024 Ex 2

Bidding Date: Wednesday, 17 April 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$94,010	↑ +$5,010
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$102,001	↑ +$667
Cat C	Goods Vehicles & Buses	$68,502	↑ +$1,001
Cat D	Motorcycles	$9,990	↓ -$10
Cat E	Open (All Vehicle Types)	$103,249	↑ +$2,247

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	936	1390	916	1.49×
Cat B	690	1008	690	1.46×
Cat C	195	332	193	1.70×
Cat D	522	625	514	1.20×
Cat E	155	269	151	1.74×

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

What Stood Out

• Biggest mover: Cat A, +5.6%. Overall, 4 of 5 categories rose and 1 fell.
• Most contested: Cat E, with 1.74 bids for every COE available.

Category by Category

Cat A (small cars) climbed $5,010 (+5.6%) to $94,010. That is its 4th rise in a row. It is the highest Cat A premium since Nov 2023 Ex 1 ($95,689). A year earlier, in Apr 2023 Ex 2, it was $103,721, so the premium is 9.4% lower year on year.

Cat B (large cars) inched up $667 (+0.7%) to $102,001. That is its 3rd rise in a row. A year earlier, in Apr 2023 Ex 2, it was $120,889, so the premium is 15.6% 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 $2,247 (+2.2%) to $103,249. That is its 4th rise in a row. A year earlier, in Apr 2023 Ex 2, it was $124,501, so the premium is 17.1% lower year on year. That puts it in the lower part of its 12-month range of $94,006 to $158,004.

Cat C (goods vehicles) rose $1,001 (+1.5%) to $68,502. A year earlier, in Apr 2023 Ex 2, it was $75,334, so the premium is 9.1% lower year on year. That puts it at the bottom of its 12-month range of $67,501 to $85,900.

Cat D (motorcycles) dipped $10 (−0.1%) to $9,990. A year earlier, in Apr 2023 Ex 2, it was $12,179, so the premium is 18.0% lower year on year. That puts it in the upper part of its 12-month range of $5,002 to $12,179.

Bidding Competition

Bidding competition in every category was close to its usual level for the past year.

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

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Browse results: ← Apr 2024 Ex 1 · May 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.