October 2018 COE Results: Slight Surge in Prices for Cat A and Cat E

Car News    John

Motorist Coe Results October 2018

The results of the first COE bidding exercise for October 2018 are out. COE prices for Cat A and E went up slightly, while Cat C saw an increment of $1,397 from the previous exercise.

With 2,059 bids received, Cat A (Cars up to 1600CC & 97KW) saw a slight increment in price, going from $28,000 to $28,457. At $457 more, interested car buyers would probably find this amount negligible when deciding to purchase a new car.

As for Cat B (Cars above 1600CC or 97KW), the COE premium fell by a mere $6 from the previous exercise. It currently stands at $31,301, from $31,307.

The biggest increment in this exercise came from Cat C (Goods vehicles & buses), which saw a hike of $1,397 from the last exercise. The premium is currently going for $28,501, from $27,104.

For Motorcycles, there was a slight $105 dip in COE prices. It drop from $4,214 to $4,109.

Concluding the October 2018 bidding exercise is Cat E (Open category). The COE price for the open category concluded at $32,552, increasing by $552 from the last exercise.

Overall, this bidding exercise for October 2018 shouldn’t influence potential car owners from purchasing a new vehicle, unless they are looking to buy a goods vehicle or bus.

Here’s a summary of the 1st bidding exercise for October 2018.

Category

Current COE premium
(October 2018 – 1st Bidding)

Previous COE premium
(September 2018 – 2nd Bidding)

Difference

A – Car up to 1600CC & 97KW

$28,457

$28,000

$457 (+1.6%)

B – Car above 1600CC or 97KW

$31,301

$31,307

$6 (-0.02%)

C – Goods Vehicle & Bus

$28,501

$27,104

$1,397 (+5.2%)

D Motorcycle

$4,109

$4,214

$105 (-2.5%)

E Open

$32,552

$32,000

$552 (+1.7%)


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Read more: September 2018 COE Results 2nd Bidding - Cat A & B Premiums Continue to Fall


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1 Comment

Tan Li Hwa

wah, transport fare wna increase coe prices also increase!! 🤬

Like Reply 2 months ago