COE Results — Jul 2024 Ex 1

COE Prices — Jul 2024 Ex 1

Bidding Date: Wednesday, 3 July 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$91,001	↑ +$112
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$100,901	↓ -$1,433
Cat C	Goods Vehicles & Buses	$70,001	↑ +$101
Cat D	Motorcycles	$8,900	↓ -$102
Cat E	Open (All Vehicle Types)	$100,889	↑ +$889

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	967	1429	932	1.48×
Cat B	671	896	671	1.34×
Cat C	214	325	213	1.52×
Cat D	517	571	517	1.10×
Cat E	176	309	170	1.76×

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

What Stood Out

• Biggest mover: Cat B, −1.4%. Overall, 3 of 5 categories rose and 2 fell.
• Unusual: the Open category ($100,889) closed below Cat B ($100,901). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat E, with 1.76 bids for every COE available.

Category by Category

Cat A (small cars) inched up $112 (+0.1%) to $91,001. A year earlier, in Jul 2023 Ex 1, it was $97,000, so the premium is 6.2% 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) fell $1,433 (−1.4%) to $100,901. A year earlier, in Jul 2023 Ex 1, it was $118,002, so the premium is 14.5% 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) inched up $889 (+0.9%) to $100,889. A year earlier, in Jul 2023 Ex 1, it was $121,000, so the premium is 16.6% 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) inched up $101 (+0.1%) to $70,001. A year earlier, in Jul 2023 Ex 1, it was $82,223, so the premium is 14.9% 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) fell $102 (−1.1%) to $8,900. It is the lowest Cat D premium since May 2023 Ex 1 ($5,002). A year earlier, in Jul 2023 Ex 1, it was $10,090, so the premium is 11.8% lower year on year.

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.