In the first Certificate of Entitlement bidding round for April, COE premiums rose across all car categories.
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CAT Premium Change Quota No. of bids
A $45,600 â–² $1,011  883 1,212
B $52,309 â–² $5,308  958 1,524
C $36,134 â–¼ $3,455  263 488
E $52,200 â–² $4,394  296 635

In the first round of bidding for April, Certificate of Entitlement (COE) prices rose across all private car categories.

Our recently announced expected decrease in COE supply for the upcoming quarter, as well as the fact that this was a three-week bidding round may have contributed to the increase in COE premiums this round. This can be noticed in the increased number of bids received across all categories compared to the last bidding round.

The approaching increase in VES surcharges may also have motivated more looking to purchase larger vehicles, which would typically fall into Cat B, to do so now, and could explain the larger jump in the category this bidding session.

Get data on past COE bidding exercises at our COE bidding results page.

Cat A COE - Premiums continue to creep upward

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $1,011 (2.3%) and ended at $45,600 this bidding round.

This latest change sees premiums for the round continuing their now three-month long climb into highs not seen since 2017. Premiums for the category now stand at 22.8% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 37%. This figure has averaged 52% for Cat A in the last 12 months.

Cat B COE - Premiums jump a whopping $5,308

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, took a large jump this bidding session, climbing by $5,308 (11.3%) to reach $52,309.

This lastest climb has brought premiums for the category up to 29.3% above the 12-month trailing average. Premiums for Cat B have also not seen such highs since 2017.

The total number of unsuccessful bids this round exceeded the quota available by 29%, lower than the 12-month average of 52%.

Cat C COE - Premiums climb $3,455

Premiums for Cat C, for goods vehicles and buses, decreased by $3,455 (8.7%) to end at $36,134.

Cat E COE - Premiums also on the rise

In Cat E, the open category, premiums rose by $4,394 (9.2%), closing at $52,200.

The premium for this bidding round now stands at 27.2% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 115%. The 12-month trailing average for this figure is 55%.

*The 12-month trailing average only takes into consideration the months wherein there was active COE bidding.

Prevailing Quota Premium

The Prevailing Quota Premium is the amount to be paid for COE renewal and is computed from the moving average of the previous three-months of COE prices. Those looking to renew the COE on their cars will thus have to pay the following prices for the respective months.

Category Prevailing Quota Premium
A $42,283 (April)
B $47,316 (April)
C $39,982 (April)