COE Results — Nov 2024 Ex 2
Cat A
$89,889
Small cars
Cat B
$105,081
Large cars
Cat C
$69,000
Goods vehicles
Cat D
$8,669
Motorcycles
Cat E
$107,501
Open category
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COE Prices — Nov 2024 Ex 2
Bidding Date: Wednesday, 20 November 2024
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $89,889 | ↓ -$10,000 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $105,081 | ↓ -$2,920 |
| Cat C | Goods Vehicles & Buses | $69,000 | ↑ +$660 |
| Cat D | Motorcycles | $8,669 | ↓ -$420 |
| Cat E | Open (All Vehicle Types) | $107,501 | ↓ -$1,499 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 1041 | 1320 | 1038 | 1.27× |
| Cat B | 678 | 874 | 678 | 1.29× |
| Cat C | 235 | 378 | 214 | 1.61× |
| Cat D | 524 | 637 | 524 | 1.22× |
| Cat E | 179 | 298 | 176 | 1.66× |
Competition ratio = bids received ÷ quota available. A ratio above 1.5× indicates high demand for that category.
What Stood Out
- Biggest mover: Cat A, −10.0%. Overall, 1 of 5 categories rose and 4 fell.
- Most contested: Cat E, with 1.66 bids for every COE available.
Category by Category
Cat A (small cars) plunged $10,000 (−10.0%) to $89,889. That is its 3rd fall in a row. It is the lowest Cat A premium since Jun 2024 Ex 1 ($88,200). A year earlier, in Nov 2023 Ex 2, it was $85,001, so the premium is 5.8% higher year on year.
Cat B (large cars) fell $2,920 (−2.7%) to $105,081. That is its 3rd fall in a row. It is the lowest Cat B premium since Jul 2024 Ex 2 ($100,000). A year earlier, in Nov 2023 Ex 2, it was $135,336, so the premium is 22.4% lower year on year.
Cat E (open category) fell $1,499 (−1.4%) to $107,501. That is its 3rd fall in a row. A year earlier, in Nov 2023 Ex 2, it was $135,002, so the premium is 20.4% lower year on year. That puts it in the lower part of its 12-month range of $94,006 to $133,388.
Cat C (goods vehicles) inched up $660 (+1.0%) to $69,000. A year earlier, in Nov 2023 Ex 2, it was $73,889, so the premium is 6.6% lower year on year. That puts it in the lower part of its 12-month range of $67,501 to $75,599.
Cat D (motorcycles) fell $420 (−4.6%) to $8,669. That is its 3rd fall in a row. It is the lowest Cat D premium since May 2023 Ex 1 ($5,002). A year earlier, in Nov 2023 Ex 2, it was $10,001, so the premium is 13.3% lower year on year.
Bidding Competition
Cat A drew 1.27 bids per COE, well below its 12-month average of 1.58. Cat B drew 1.29 bids per COE, well below its 12-month average of 1.55. Some COEs went unallocated: Cat C (21 of 235). 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.
Browse results: ← Nov 2024 Ex 1 · Dec 2024 Ex 1 →
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.
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