March 2023 COE Results 2nd Bidding: Massive Increase in Cat A Premiums, Big Drop in Cat C Premiums

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In the 2nd COE bidding exercise for March 2023, Cat A closed at $93,503, Cat B at $116,201, Cat C at $85,389, Cat D at $12,001, and Cat E at $116,020.

Cat A (Cars up to 1600CC & 97KW) received 768 bids and and increased by $5,503. It closed at $93,503.

Cat B (Cars above 1600CC or 97KW) saw 670 bids and increased by $700. It closed at $116,201.

Cat C (Goods Vehicle & Bus) received 107 bids and decreased by $5,712. It closed at $85,389.

Cat D (Motorcycles) received 616 bids in total and saw an decrease of $389. It closed at $12,001.

Lastly, Cat E (Open Category) received 265 bids and saw a decrease of $20. It closed at $116,020.

Here’s a summary of the 1st bidding exercise for February 2023:

Current COE
Previous COE
A – Car up to 1600CC & 97KW $93,503


+ $5,503
B – Car above 1600CC or 97KW $116,201


+ $700
C – Goods Vehicle & Bus $85,389


- $5,712
D – Motorcycle $12,001


- $389
E – Open $116,020


+ $20

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Read More: March 2023 COE Results 1st Bidding: All Premiums on the Rise Again Except for Cat E

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