November 2018 COE Results 2nd Bidding: Quota Premiums End Lower in Latest Tender

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Motorist Coe Results November 2018 2nd Bidding

In the 2nd bidding exercise for November 2018, COE results ended mostly lower across the board. The premiums for Cat A and B are $25,000 and $31,101 respectively, while Cat E closed at $30,959.

With 2,231 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) went down by $3,199, from $28,199 to $25,000.

For Cat B (Cars above 1600CC or 97KW), with 1,786 bids received, the QP for Cat B dropped by $1,201, from $32,302 to $31,101.

In similar fashion, Cat C (Goods Vehicle & Bus) also saw a decrease in prices. It closed at $27,509, from $29,501 — a $1,992 decrease from the previous exercise.

The only increment came from Cat D (Motorcycles). Ending $480 higher than the previous exercise, the QP for Motorcycle closed at $2,989. This amount was previously $2,509.

Lastly, for Cat E (Open category), with 930 bids received, it fell by $1,041, from $32,000 to $30,959.

Here’s a summary of the 2nd bidding exercise for November 2018.

Category

Current COE premium
(November 2018 2nd Bidding )

Previous COE premium
(November 2018 1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$25,000

$28,199

$3,199 (-11.3%)

B – Car above 1600CC or 97KW

$31,101

$32,302

$1,201 (-3.7%)

C – Goods Vehicle & Bus

$27,509

$29,501

$1,992 (-6.8%)

D Motorcycle

$2,989

$2,509

$480 (+19.1%)

E Open

$30,959

$32,000

$1,041 (-3.3%)


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Read more: November 2018 COE Results: Increased Quota Premium for Cat A and B


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