The 2nd COE bidding for October 2018 has concluded with Cat A falling to $25,556. Cat B prices only rose by $1, and Cat E saw an increase of $348, to $32,900.
With 1,811 bids received, Cat A (Cars up to 1600CC & 97KW) premiums went down by a whopping S$2,901, going from $28,457 to $25,556. This amount is the second lowest of the year thus far, with only the 1st bidding exercise of July 2018 being lower.
For Cat B (Cars above 1600CC or 97KW), with 1,856 bids received, the premium only went up by a mere $1. The current premium now stands at $31,302.
Similar to the last bidding exercise, the largest increment came from Cat C (Goods vehicles & buses). It saw a $1,000 increase from the bidding exercise two weeks ago. The COE premium is currently going at $29,501.
For Cat D (Motorcycles), the premium fell by $158 from the last exercise. It went from $4,109 to $3,951.
Lastly, for Cat E (Open category), it saw a slight increment of $348, going from $32,552 to $32,900
Interested buyers looking to purchase Cat A cars should consider purchasing one now as the current COE premium is quite favourable. We also have a gut feeling that the premium for Cat A will definitely bounce back up in November and December.
Here’s a summary of the 2nd bidding exercise for October 2018.
Current COE premium
Previous COE premium
A – Car up to 1600CC & 97KW
B – Car above 1600CC or 97KW
C – Goods Vehicle & Bus
D – Motorcycle
E – Open
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.
For those looking to renew their COE, Motorist.sg also provides free COE renewal advice. That way, you can decide if its a better option to scrap your vehicle or extend its life.
Submit your details below to receive a FREE consultation for your COE renewal bank loan
Download the new Motorist app now. Designed by drivers for drivers, this all-in-one app lets you receive the latest traffic updates, gives you access to live traffic cameras, and helps you manage LTA and vehicle matters. Download it now and stand a chance to win $1,000 worth of petrol vouchers monthly.