COE Results — Mar 2025 Ex 1

COE Prices — Mar 2025 Ex 1

Bidding Date: Wednesday, 5 March 2025

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$92,730	↓ -$120
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$113,000	↑ +$3,402
Cat C	Goods Vehicles & Buses	$67,001	↑ +$1,812
Cat D	Motorcycles	$9,201	↑ +$410
Cat E	Open (All Vehicle Types)	$112,901	↑ +$2,899

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	1144	2034	1144	1.78×
Cat B	765	1208	749	1.58×
Cat C	262	413	253	1.58×
Cat D	519	624	519	1.20×
Cat E	202	403	200	2.00×

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

What Stood Out

• Biggest mover: Cat D, +4.7%. Overall, 4 of 5 categories rose and 1 fell.
• Unusual: the Open category ($112,901) closed below Cat B ($113,000). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat E, with 2.00 bids for every COE available.

Category by Category

Cat A (small cars) dipped $120 (−0.1%) to $92,730. A year earlier, in Mar 2024 Ex 1, it was $83,000, so the premium is 11.7% higher year on year. That puts it mid-way through its 12-month range of $83,000 to $103,799.

Cat B (large cars) rose $3,402 (+3.1%) to $113,000. A year earlier, in Mar 2024 Ex 1, it was $96,010, so the premium is 17.7% higher year on year. That puts it in the upper part of its 12-month range of $96,010 to $121,501.

Cat E (open category) rose $2,899 (+2.6%) to $112,901. A year earlier, in Mar 2024 Ex 1, it was $95,010, so the premium is 18.8% higher year on year. That puts it in the upper part of its 12-month range of $95,010 to $123,000.

Cat C (goods vehicles) rose $1,812 (+2.8%) to $67,001. A year earlier, in Mar 2024 Ex 1, it was $75,599, so the premium is 11.4% lower year on year. That puts it in the lower part of its 12-month range of $62,506 to $75,599.

Cat D (motorcycles) rose $410 (+4.7%) to $9,201. That is its 3rd rise in a row. It is the highest Cat D premium since Oct 2024 Ex 2 ($9,589). A year earlier, in Mar 2024 Ex 1, it was $9,400, so the premium is 2.1% lower year on year.

Bidding Competition

Cat A drew 1.78 bids per COE, well above its 12-month average of 1.52.

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.