COE Results — Apr 2025 Ex 1

COE Prices — Apr 2025 Ex 1

Bidding Date: Wednesday, 2 April 2025

Category	Vehicle Type	COE Price (QP)	Change vs Previous
Cat A	Cars ≤ 1,600cc & 130bhp (or 110kW)	$97,724	↑ +$3,222
Cat B	Cars > 1,600cc or 130bhp (or 110kW)	$117,899	↑ +$1,009
Cat C	Goods Vehicles & Buses	$68,782	↓ -$1,307
Cat D	Motorcycles	$9,889	↑ +$378
Cat E	Open (All Vehicle Types)	$117,002	↑ +$11

Quota & Bidding Activity

Category	Quota	Bids Received	Successful Bids	Competition Ratio
Cat A	1138	2162	1122	1.90×
Cat B	760	1200	729	1.58×
Cat C	267	382	267	1.43×
Cat D	517	603	515	1.17×
Cat E	200	390	195	1.95×

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

What Stood Out

• Biggest mover: Cat D, +4.0%. Overall, 3 of 5 categories rose and 1 fell.
• Unusual: the Open category ($117,002) closed below Cat B ($117,899). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
• Most contested: Cat E, with 1.95 bids for every COE available.

Category by Category

Cat A (small cars) rose $3,222 (+3.4%) to $97,724. It is the highest Cat A premium since Nov 2024 Ex 1 ($99,889). A year earlier, in Apr 2024 Ex 1, it was $89,000, so the premium is 9.8% higher year on year.

Cat B (large cars) inched up $1,009 (+0.9%) to $117,899. That is its 3rd rise in a row. A year earlier, in Apr 2024 Ex 1, it was $101,334, so the premium is 16.3% higher year on year. That puts it in the upper part of its 12-month range of $100,000 to $121,501.

Cat E (open category) was unchanged at $117,002. That is its 4th rise in a row. A year earlier, in Apr 2024 Ex 1, it was $101,002, so the premium is 15.8% higher year on year. That puts it in the upper part of its 12-month range of $100,000 to $123,000.

Cat C (goods vehicles) fell $1,307 (−1.9%) to $68,782. A year earlier, in Apr 2024 Ex 1, it was $67,501, so the premium is 1.9% higher year on year. That puts it mid-way through its 12-month range of $62,506 to $75,009.

Cat D (motorcycles) rose $378 (+4.0%) to $9,889. That is its 5th rise in a row. It is the highest Cat D premium since Oct 2024 Ex 1 ($10,001). A year earlier, in Apr 2024 Ex 1, it was $10,000, so the premium is 1.1% lower year on year.

Bidding Competition

Cat A drew 1.90 bids per COE, well above its 12-month average of 1.50.

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.