January 2019 COE Results 2nd Bidding: Car Premiums End Higher in Latest Tender

Motorist Coe Results January 2019 2nd Bidding

For the 2nd bidding exercise for January 2019, COE results ended mostly higher for cars. Cat A closed at $26,170, Cat B rose to $33,989, while Cat E ended at $33,689.

With 2,864 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) rose by $250, from $25,920 to $26,170.

Cat B (Cars above 1600CC or 97KW) received 2,119 bids and closed the highest at $33,989, a $1,789 increase from the previous exercise.

For Cat C (Goods Vehicle & Bus), the Quota Premium went down by $772, from $27,002 to $26,230.

Similarly, Cat D (Motorcycles) also experienced a fall in prices. Going down by $721, the COE prices went from $3,610 to $2,889

Lastly, for Cat E (Open category), it received 797 bids and saw an increase of $780, from $32,909 to $33,689.

By the looks of it, the increase in COE prices could be due to the number of new cars purchases that happened at the Singapore Motorshow earlier this month.

Here’s a summary of the 2nd bidding exercise for January 2019.

Category

Current COE premium
(January 2019 2nd Bidding )

Previous COE premium
(January 2019 1st Bidding )

Difference

A – Car up to 1600CC & 97KW

$26,170

$25,920

$250 (+1%)

B – Car above 1600CC or 97KW

$33,989

$32,200

$1,789 (+5.6%)

C – Goods Vehicle & Bus

$26,230

$27,002

$772 (-2.9%)

D Motorcycle

$2,889

$3,610

$721 (-20%)

E Open

$33,689

$32,909

$780 (+2.4%)


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


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