February 2019 COE Results: Car Premiums End Mostly Higher in Latest Bidding Exercise

Car News    •

Screenshot 2019 02 08 At 4

For the 1st bidding exercise for February 2019, COE results ended mostly higher for cars. Cat A closed at $25,689, Cat B rose to $34,509, while Cat E ended at $35,310.

With 2,371 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) dropped by $481, from $26,170 to $25,689.

Cat B (Cars above 1600CC or 97KW) received 1,937 bids and closed at $34,509, a $520 increase from the previous exercise.

For Cat C (Goods Vehicle & Bus), the Quota Premium went up by $148, from $26,230 to $26,378.

Cat D (Motorcycles) also experienced an increase in prices. Going up by $820, the COE prices went from $2,889 to $3,709.

Lastly, for Cat E (Open category), it received 545 bids and saw the largest increase of $1,621, from $33,689 to $35,310.

Here’s a summary of the 1st bidding exercise for February 2019.

Category

Current COE premium
(February 2019 1st Bidding )

Previous COE premium
(January 2019 2nd Bidding )

Difference

A – Car up to 1600CC & 97KW

$25,689

$26,170

$481 (-1.84%)

B – Car above 1600CC or 97KW

$34,509

$33,989

$520 (+1.53%)

C – Goods Vehicle & Bus

$26,378

$26,230

$148 (+0.56%)

D Motorcycle

$3,709

$2,889

$820 (+28.4%)

E Open

$35,310

$33,689

$1,621 (+4.81%)


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


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