December 2018 COE 2nd Bidding: Premiums End High in Last Bidding Exercise for 2018

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Motorist Coe Results December 2018 2nd Bidding

In the last COE bidding exercise for 2018, Quota Premiums ended mostly higher across the board. The premiums are: $25,501 for Cat A, $31,001 for Cat B, and $31,809 for Cat E.

With an outstanding 2,729 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) shot up by $1,933, from $23,568 to $25,501.

For Cat B (Cars above 1600CC or 97KW), it was the only category that remained unchanged from the previous exercise. With 1,804 bids received, the COE stood at $31,001.

The only category that saw a dip is Cat C (Goods Vehicle & Bus). It closed $8 cheaper from the last exercise, from $27,009 to $27,001.

As for Cat D (Motorcycles), it ended $390 higher—from $3,399 to $3,789.

Lastly, for Cat E (Open category), the QP went up by $958 from the last exercise, from $30,851 to $31,809.

Here’s a summary of the 2nd bidding exercise for December 2018, the last COE bidding for 2018.

Category

Current COE premium
(December 2018 2nd Bidding )

Previous COE premium
(December 2018 1st Bidding )

Difference

A – Car up to 1600CC & 97KW

$25,501

$23,568

$1,933 (+8.2%)

B – Car above 1600CC or 97KW

$31,001

$31,001

$0

C – Goods Vehicle & Bus

$27,001

$27,009

$8 (-0.03%)

D Motorcycle

$3,789

$3,399

$390 (+11.5%)

E Open

$31,809

$30,851

$958 (+3.1%)


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


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