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

Published by on . Updated on 18 May 2020

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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