COE Results — Dec 2024 Ex 2

COE Prices — Dec 2024 Ex 2

Bidding Date: Wednesday, 18 December 2024

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$96,000	↑ +$2,000
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$109,000	↑ +$5,990
Cat C	Goods Vehicles & Buses	$69,890	↓ -$399
Cat D	Motorcycles	$8,381	↑ +$503
Cat E	Open (All Vehicle Types)	$108,992	↑ +$4,991

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	1035	1506	998	1.46×
Cat B	676	987	667	1.46×
Cat C	255	400	255	1.57×
Cat D	519	641	504	1.24×
Cat E	182	330	170	1.81×

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

What Stood Out

• Biggest mover: Cat D, +6.4%. Overall, 4 of 5 categories rose and 1 fell.
• Unusual: the Open category ($108,992) closed below Cat B ($109,000). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat E, with 1.81 bids for every COE available.

Category by Category

Cat A (small cars) rose $2,000 (+2.1%) to $96,000. A year earlier, in Dec 2023 Ex 2, it was $85,000, so the premium is 12.9% 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) climbed $5,990 (+5.8%) to $109,000. A year earlier, in Dec 2023 Ex 2, it was $110,001, so the premium is 0.9% lower year on year. That puts it in the upper part of its 12-month range of $85,010 to $116,002.

Cat E (open category) rose $4,991 (+4.8%) to $108,992. A year earlier, in Dec 2023 Ex 2, it was $118,388, so the premium is 7.9% lower year on year. That puts it in the upper part of its 12-month range of $94,006 to $118,388.

Cat C (goods vehicles) dipped $399 (−0.6%) to $69,890. A year earlier, in Dec 2023 Ex 2, it was $69,423, so the premium is 0.7% higher year on year. That puts it in the lower part of its 12-month range of $67,501 to $75,599.

Cat D (motorcycles) climbed $503 (+6.4%) to $8,381. A year earlier, in Dec 2023 Ex 2, it was $9,002, so the premium is 6.9% lower year on year. That puts it in the lower part of its 12-month range of $7,878 to $10,001.

Bidding Competition

Some COEs went unallocated: Cat E (12 of 182). 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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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.