Category A COE premiums fall by $10k in 2nd bidding for November 2024

Premiums in Category A saw a massive drop of $10,000 in the second Certificate of Entitlement (COE) bidding exercise for November 2024. Prices also fell in the other categories, with the exception of Cat C which went up slightly by $660.

Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp, as well as electric cars with a power output of up to 110kW, went down by $10,000 to end the bidding exercise at $89,889.

Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw premiums going down by $2,920 to end at $105,081.

Cat C, which are for goods vehicles and buses, saw prices went up by $660 to end the bidding exercise at $69,000.

Cat D, which are reserved for motorcycles, went down by $420 to close at $8,669.

Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go down by $1,499 to finish the exercise at $107,501.

Here's a summary of the second COE bidding exercise for November 2024:

*PQP, or Prevailing Quota Premium, is the moving average of COE prices in the last 3 months, and denotes the amount payable in order to renew a car's COE at the end of its tenure.

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