Cat A COE prices rebound in first bidding for December 2024

Category A Certificate of Entitlement (COE) premiums rebounded in the first bidding exercise for December 2024, while Cat B and E COEs continued their downward trend with their fourth consecutive decline in prices.

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 up by $4,111 to end the bidding exercise at $94,000.

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 $2,071 to end at $103,010.

Cat C, which are for goods vehicles and buses, saw prices went up by $1,289 to end the bidding exercise at $70,289.

Cat D, which are reserved for motorcycles, went down by $791 to close at $7,878.

Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go down by $3,500 to finish the exercise at $104,001.

Here's a summary of the first COE bidding exercise for December 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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