December 2018 COE Results: Quota Premiums End Lower in Latest Tender

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December 2018 COE Results

The 1st COE bidding exercise for December 2018 has concluded with the Quota Premiums ending mostly lower across the board. The premiums for Cat A and B are $23,568 and $31,001 respectively, while Cat E closed at $30,851.

With 2,177 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) went down by $1,432, from $25,000 to $23,568.

For Cat B (Cars above 1600CC or 97KW), with 1,780 bids received, the QP for Cat B went down by $100, from $31,101 to $31,001.

In similar fashion, Cat C (Goods Vehicle & Bus) also saw a decrease in prices. It closed at $27,009, from $27,509 — a $500 decrease from the previous exercise.

The only increment came from Cat D (Motorcycles). Ending $410 higher than the previous exercise, the QP for Motorcycle closed at $3399. This amount was previously $2,989.

Lastly, for Cat E (Open category), with 1,021 bids received, it went down by $108, from $30,959 to $30,851.

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

Category

Current COE premium
(December 2018 1st Bidding )

Previous COE premium
(November 2018 2nd Bidding )

Difference

A – Car up to 1600CC & 97KW

$23,568

$25,000

$1,432 (-5.73%)

B – Car above 1600CC or 97KW

$31,001

$31,101

$100 (-0.32%)

C – Goods Vehicle & Bus

$27,009

$27,509

$500 (-1.82%)

D Motorcycle

$3,399

$2,989

$410 (+13.7%)

E Open

$30,851

$30,959

$108 (-0.35%)


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


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