COE Results — May 2025 Ex 1
Cat A
$103,009
Small cars
Cat B
$119,890
Large cars
Cat C
$62,590
Goods vehicles
Cat D
$8,709
Motorcycles
Cat E
$118,889
Open category
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COE Prices — May 2025 Ex 1
Bidding Date: Wednesday, 7 May 2025
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $103,009 | ↑ +$3,509 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $119,890 | ↑ +$2,887 |
| Cat C | Goods Vehicles & Buses | $62,590 | ↓ -$2,411 |
| Cat D | Motorcycles | $8,709 | ↓ -$600 |
| Cat E | Open (All Vehicle Types) | $118,889 | ↑ +$888 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 1267 | 2240 | 1244 | 1.77× |
| Cat B | 813 | 1210 | 800 | 1.49× |
| Cat C | 271 | 386 | 266 | 1.42× |
| Cat D | 536 | 676 | 532 | 1.26× |
| Cat E | 207 | 384 | 206 | 1.86× |
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, 3 of 5 categories rose and 2 fell.
- Unusual: the Open category ($118,889) closed below Cat B ($119,890). Cat E can be used for any vehicle, so it normally sits at or above Cat B.
- Most contested: Cat E, with 1.86 bids for every COE available.
- Supply: the total quota grew +8.1% to 3,094 COEs.
Category by Category
Cat A (small cars) rose $3,509 (+3.5%) to $103,009. That is its 4th rise in a row. It is the highest Cat A premium since Oct 2024 Ex 1 ($103,799). A year earlier, in May 2024 Ex 1, it was $93,604, so the premium is 10.0% higher year on year.
Cat B (large cars) rose $2,887 (+2.5%) to $119,890. It is the highest Cat B premium since Jan 2025 Ex 1 ($121,501). A year earlier, in May 2024 Ex 1, it was $105,002, so the premium is 14.2% higher year on year.
Cat E (open category) inched up $888 (+0.8%) to $118,889. That is its 6th rise in a row. It is the highest Cat E premium since Jan 2025 Ex 1 ($123,000). A year earlier, in May 2024 Ex 1, it was $104,689, so the premium is 13.6% higher year on year.
Cat C (goods vehicles) fell $2,411 (−3.7%) to $62,590. That is its 3rd fall in a row. A year earlier, in May 2024 Ex 1, it was $70,001, so the premium is 10.6% lower year on year. That puts it at the bottom of its 12-month range of $62,506 to $75,009.
Cat D (motorcycles) dropped $600 (−6.4%) to $8,709. A year earlier, in May 2024 Ex 1, it was $9,503, so the premium is 8.4% lower year on year. That puts it mid-way through its 12-month range of $7,721 to $10,001.
Bidding Competition
Cat A drew 1.77 bids per COE, well above its 12-month average of 1.51. The Cat A quota rose +11.2% to 1,267 from the previous exercise.
New to COE bidding? Read how COE bidding works and what each COE category covers.
Browse results: ← Apr 2025 Ex 2 · May 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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