July 2018 COE Results: Cat A and B Fall to $25,000 and $31,000 Respectively

Car News    John

Motorist Coe Results 2018 July

COE prices continue to fall in the latest bidding exercise for July 2018, as Cat A and B record their lowest prices in over eight years.

Closed earlier today, the COE premiums for Cat A (Cars up to 1600CC & 97KW) was recorded at S$25,000, a $9,110 drop from the last exercise in June.

Cat B (Cars above 1600CC or 97KW) also saw a fall in prices, dropping from $33,900 to $31,000—a $2,100 decrease.

For Cat C (Goods vehicles & buses), it saw a slight drop of $909, from $32,001 to $31,092.

Cat D (Motorcycles) premiums are also on the downward trend as prices closed at $6,514, a $375 dip from last month.

Lastly, Cat E (Open category) also fell by $3,399, from $34,400 to $31,001.

As mentioned in our last report, the falling COE prices could be mainly due to the changes to the Vehicle Emission Scheme (VES). To learn more about it, click here.

Here’s a summary of the latest bidding exercise for July 2018.

Category

Current COE premium
(July 2018 – 1st Bidding)

Previous COE premium
(June 2018 – 2nd Bidding)

Difference

A – Car up to 1600CC & 97KW

$25,000

$34,110

$9,110 (-26.7%)

B – Car above 1600CC or 97KW

$31,000

$33,900

$2,900 (-8.6%)

C – Goods Vehicle & Bus

$31,092

$32,001

$909 (-2.8%)

D - Motorcycle

$6,514

$6,889

$375 (-5.4%)

E - Open

$31,001

$34,400

$3,399 (-9.88%)


Thinking about upgrading your car after seeing the latest COE results? Motorist.sg can help you transact your vehicle at the highest possible price. Simply click on the button below to receive an online car valuation today. This service is completely free, with zero obligations.

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Read more: June 2018 COE Results 2nd Bidding: Premiums Drop Even Further, Lowest in 8 Years


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1 Comment

Aditya

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