COE Results — Dec 2024 Ex 1

COE Prices — Dec 2024 Ex 1

Bidding Date: Wednesday, 4 December 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$94,000	↑ +$4,111
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$103,010	↓ -$2,071
Cat C	Goods Vehicles & Buses	$70,289	↑ +$1,289
Cat D	Motorcycles	$7,878	↓ -$791
Cat E	Open (All Vehicle Types)	$104,001	↓ -$3,500

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	1037	1475	1034	1.42×
Cat B	689	866	689	1.26×
Cat C	262	418	249	1.60×
Cat D	517	570	516	1.10×
Cat E	179	326	167	1.82×

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

What Stood Out

• Biggest mover: Cat D, −9.1%. Overall, 2 of 5 categories rose and 3 fell.
• Most contested: Cat E, with 1.82 bids for every COE available.

Category by Category

Cat A (small cars) rose $4,111 (+4.6%) to $94,000. A year earlier, in Dec 2023 Ex 1, it was $88,020, so the premium is 6.8% higher year on year. That puts it in the upper part of its 12-month range of $65,010 to $103,799.

Cat B (large cars) fell $2,071 (−2.0%) to $103,010. That is its 4th fall in a row. It is the lowest Cat B premium since Jul 2024 Ex 2 ($100,000). A year earlier, in Dec 2023 Ex 1, it was $130,100, so the premium is 20.8% lower year on year.

Cat E (open category) fell $3,500 (−3.3%) to $104,001. That is its 4th fall in a row. It is the lowest Cat E premium since Jul 2024 Ex 2 ($100,341). A year earlier, in Dec 2023 Ex 1, it was $133,388, so the premium is 22.0% lower year on year.

Cat C (goods vehicles) rose $1,289 (+1.9%) to $70,289. A year earlier, in Dec 2023 Ex 1, it was $71,001, so the premium is 1.0% 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) dropped $791 (−9.1%) to $7,878. That is its 4th fall in a row. It is the lowest Cat D premium since May 2023 Ex 1 ($5,002). A year earlier, in Dec 2023 Ex 1, it was $9,858, so the premium is 20.1% lower year on year.

Bidding Competition

Cat B drew 1.26 bids per COE, well below its 12-month average of 1.54. Some COEs went unallocated: Cat E (12 of 179). 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: ← Nov 2024 Ex 2 · Dec 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.