COE Results — Jun 2024 Ex 2

COE Prices — Jun 2024 Ex 2

Bidding Date: Wednesday, 19 June 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$90,889	↑ +$2,689
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$102,334	↑ +$1,727
Cat C	Goods Vehicles & Buses	$69,900	↓ -$689
Cat D	Motorcycles	$9,002	↑ +$13
Cat E	Open (All Vehicle Types)	$100,000	↓ -$1,600

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	966	1403	955	1.45×
Cat B	674	1046	670	1.55×
Cat C	214	291	206	1.36×
Cat D	520	620	519	1.19×
Cat E	177	301	175	1.70×

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

What Stood Out

• Biggest mover: Cat A, +3.0%. Overall, 3 of 5 categories rose and 2 fell.
• Unusual: the Open category ($100,000) closed below Cat B ($102,334). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat E, with 1.70 bids for every COE available.

Category by Category

Cat A (small cars) rose $2,689 (+3.0%) to $90,889. A year earlier, in Jun 2023 Ex 2, it was $96,206, so the premium is 5.5% 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 $1,727 (+1.7%) to $102,334. A year earlier, in Jun 2023 Ex 2, it was $121,000, so the premium is 15.4% 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) fell $1,600 (−1.6%) to $100,000. A year earlier, in Jun 2023 Ex 2, it was $123,000, so the premium is 18.7% 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) dipped $689 (−1.0%) to $69,900. A year earlier, in Jun 2023 Ex 2, it was $83,140, so the premium is 15.9% 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) inched up $13 (+0.1%) to $9,002. A year earlier, in Jun 2023 Ex 2, it was $10,709, so the premium is 15.9% lower year on year. That puts it at the bottom of its 12-month range of $8,911 to $11,501.

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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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.