The second round of bidding for October saw Certificate of Entitlement (COE) premiums easing slightly from last session's high, which came after the conclusion of The Car Expo. This session also saw the total number of bids submitted across all categories dropping compared to the last session. It is possible that dealers here could be waiting for the increased COE supply set to kick in come November before submitting bids to meet the orders received during The Car Expo. 

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

Cat A COE - A gentle ease

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp or electric vehicles with a power output of up to 110kW, took a small hit this session, dropping by just $899 (0.9%) to bring the premium for the category to $102,900. Premiums for the category reached a new high for the year when they climbed to $103,799 last session.

The current premium now stands at 14.9% above the 12-month trailing average. The total number of number of bids submitted exceeded the number of successful bids this round by 42%, lower than the 12-month average of 57% for the category.

Cat B COE - Dropping by just $2,112

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc or electric vehicles with a power output of more than 110kW, also dipped slightly this session, dropping by $2,112 (1.8%) to settle at $113,890.

This slip means the current premium for the category is now just 5.7% above the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 46%. This is lower than the 12-month average figure for the category of 55%.

Cat C COE - Also taking a hit

Premiums for Cat C, for goods vehicles and buses, slipped this session by $2,070 (2.8%) to close at $72,939. The number of unsuccessful bids this round exceeded the available quota by 52%, lower than the 12-month average for this category of 66%.

Cat E COE - Dipping just a little

Premiums for Cat E, the open category, slipped this session by a total of $1,300 (1.1%) to reach $114,700.

The current premium for the category has slipped back to 4.5% above the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 85%, just a touch above the 12-month average figure for the category of 83%.

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.

If you're looking for a fuss-free option to renew your car's COE, Sgcarmart Connect provides free COE renewal advice, which includes loan sourcing and all paperwork.

✅ Advice and tips on COE renewal 
✅ Complimentary Pre-COE Car Inspection 
✅ COE renewal loan quote comparisons 
✅ Interest Rate typically starts from 2.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork