COE Results — Feb 2025 Ex 1
Cat A
$85,000
Small cars
Cat B
$111,104
Large cars
Cat C
$62,506
Goods vehicles
Cat D
$8,289
Motorcycles
Cat E
$110,000
Open category
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COE Prices — Feb 2025 Ex 1
Bidding Date: Wednesday, 5 February 2025
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $85,000 | ↓ -$8,601 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $111,104 | ↓ -$5,521 |
| Cat C | Goods Vehicles & Buses | $62,506 | ↓ -$2,970 |
| Cat D | Motorcycles | $8,289 | ↑ +$568 |
| Cat E | Open (All Vehicle Types) | $110,000 | ↓ -$5,112 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 1138 | 1446 | 1132 | 1.27× |
| Cat B | 748 | 1007 | 727 | 1.35× |
| Cat C | 260 | 394 | 256 | 1.52× |
| Cat D | 524 | 718 | 523 | 1.37× |
| Cat E | 199 | 369 | 195 | 1.85× |
Competition ratio = bids received ÷ quota available. A ratio above 1.5× indicates high demand for that category.
What Stood Out
- Biggest mover: Cat A, −9.2%. Overall, 1 of 5 categories rose and 4 fell.
- Unusual: the Open category ($110,000) closed below Cat B ($111,104). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
- Most contested: Cat E, with 1.85 bids for every COE available.
- Supply: the total quota grew +5.7% to 2,869 COEs.
Category by Category
Cat A (small cars) dropped $8,601 (−9.2%) to $85,000. That is its 3rd fall in a row. It is the lowest Cat A premium since Mar 2024 Ex 1 ($83,000). A year earlier, in Feb 2024 Ex 1, it was $79,000, so the premium is 7.6% higher year on year.
Cat B (large cars) fell $5,521 (−4.7%) to $111,104. A year earlier, in Feb 2024 Ex 1, it was $102,338, so the premium is 8.6% higher year on year. That puts it mid-way through its 12-month range of $96,010 to $121,501.
Cat E (open category) fell $5,112 (−4.4%) to $110,000. A year earlier, in Feb 2024 Ex 1, it was $100,101, so the premium is 9.9% higher year on year. That puts it mid-way through its 12-month range of $94,006 to $123,000.
Cat C (goods vehicles) fell $2,970 (−4.5%) to $62,506. That is its 4th fall in a row. It is the lowest Cat C premium since Aug 2022 Ex 2 ($59,090). A year earlier, in Feb 2024 Ex 1, it was $72,001, so the premium is 13.2% lower year on year.
Cat D (motorcycles) climbed $568 (+7.4%) to $8,289. A year earlier, in Feb 2024 Ex 1, it was $9,290, so the premium is 10.8% lower year on year. That puts it in the lower part of its 12-month range of $7,721 to $10,001.
Bidding Competition
Cat A drew 1.27 bids per COE, well below its 12-month average of 1.56.
New to COE bidding? Read how COE bidding works and what each COE category covers.
Browse results: ← Jan 2025 Ex 2 · Feb 2025 Ex 2 →
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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