COE Results — May 2024 Ex 1

COE Prices — May 2024 Ex 1

Bidding Date: Wednesday, 1 May 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$93,604	↓ -$406
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$105,002	↑ +$3,001
Cat C	Goods Vehicles & Buses	$70,001	↑ +$1,499
Cat D	Motorcycles	$9,503	↓ -$487
Cat E	Open (All Vehicle Types)	$104,689	↑ +$1,440

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	968	1632	968	1.69×
Cat B	666	1237	638	1.86×
Cat C	206	350	181	1.70×
Cat D	528	630	528	1.19×
Cat E	177	317	169	1.79×

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

What Stood Out

• Biggest mover: Cat D, −4.9%. Overall, 3 of 5 categories rose and 2 fell.
• Unusual: the Open category ($104,689) closed below Cat B ($105,002). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat B, with 1.86 bids for every COE available.

Category by Category

Cat A (small cars) dipped $406 (−0.4%) to $93,604. A year earlier, in May 2023 Ex 1, it was $101,001, so the premium is 7.3% lower year on year. That puts it in the upper part of its 12-month range of $65,010 to $106,000.

Cat B (large cars) rose $3,001 (+2.9%) to $105,002. That is its 4th rise in a row. It is the highest Cat B premium since Jan 2024 Ex 2 ($112,000). A year earlier, in May 2023 Ex 1, it was $119,399, so the premium is 12.1% lower year on year.

Cat E (open category) rose $1,440 (+1.4%) to $104,689. That is its 5th rise in a row. It is the highest Cat E premium since Jan 2024 Ex 2 ($109,004). A year earlier, in May 2023 Ex 1, it was $124,002, so the premium is 15.6% lower year on year.

Cat C (goods vehicles) rose $1,499 (+2.2%) to $70,001. A year earlier, in May 2023 Ex 1, it was $75,589, so the premium is 7.4% lower year on year. That puts it in the lower part of its 12-month range of $67,501 to $85,900.

Cat D (motorcycles) fell $487 (−4.9%) to $9,503. A year earlier, in May 2023 Ex 1, it was $5,002, so the premium is 90.0% higher year on year. That puts it in the upper part of its 12-month range of $5,002 to $11,501.

Bidding Competition

Cat B drew 1.86 bids per COE, well above its 12-month average of 1.52. Some COEs went unallocated: Cat C (25 of 206). 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: ← Apr 2024 Ex 2 · May 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.