January 2019 COE Results: Premiums End Higher in First Bidding Exercise for 2019

Published by on . Updated on 18 May 2020
January 2019 coe results 1st bidding
In the first COE bidding exercise for 2019, Quota Premiums ended mostly higher across the board. The premiums are: $25,920 for Cat A, $32,200 for Cat B, and $32,909 for Cat E.

With 2,707 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) went up by $419, from $25,501 to $25,920.

For Cat B (Cars above 1600CC or 97KW), it received 1,818 bids and ended $1,199 higher to $32,200 from $31,001.

Cat C (Goods Vehicle & Bus) closed a dollar higher from the last exercise, from $27,001 to $27,002.

As for Cat D (Motorcycles), it was the only category that premiums went down on. It finished $179 lower to go from $3,789 to $3,610.

Lastly, for Cat E (Open category), it received 776 bids and the QP went up by $1,100 from the last exercise, from $31,809 to $32,909.


Here’s a summary of the 1st bidding exercise for January 2019, the first COE bidding for 2019.

Category

Current COE premium
(January 2019 1st Bidding )

Previous COE premium
(December 2018 2st Bidding )

Difference

A – Car up to 1600CC & 97KW

$25,920

$25,501

$419 (+1.6%)

B – Car above 1600CC or 97KW

$32,200

$31,001

$1,199 (+3.9%)

C – Goods Vehicle & Bus

$27,002

$27,001

$1 (~0%)

D Motorcycle

$3,610

$3,789

$179 (-4.7%)

E Open

$32,909

$31,809

$1,100 (+3.46%)


Thinking about upgrading your car after seeing the latest COE results? Motorist.sg can help you sell 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.

Schedule a FREE Car Valuation

For those looking to renew their COE, Motorist.sg also provides free COE renewal advice. That way, you can decide if it's a better option to scrap your vehicle or extend its life.

Schedule a free COE renewal consultation session!


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


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.

0 Comments