February 2019 COE Results 2nd Bidding: Premiums for Cars on the Rise, End Mostly Higher

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Screenshot 2019 02 20 At 4

For the 2nd bidding exercise for February 2019, COE results for cars all ended higher. Cat A, Cat B and Cat E ended at $26,301, $35,403 and $36,667 respectively.

With 2,261 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) increased by $612, from $25,689 to $26,301.

Cat B (Cars above 1600CC or 97KW) received 1,993 bids and went up to $35,403, a $894 increase from the previous exercise.

For Cat C (Goods Vehicle & Bus), the Quota Premium closed at $26,914, an increase of $536.

Cat D (Motorcycles) was the only category in which premiums decreased. Ending at $3,689, it went down by $20.

Lastly, for Cat E (Open category), it received 658 bids and ended at $36,667, increasing by $1,357.

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

Category

Current COE premium
(February 2019 2nd Bidding )

Previous COE premium
(February 2019 1st Bidding )

Difference

A – Car up to 1600CC & 97KW

$26,301

$25,689

$612 (+2.38%)

B – Car above 1600CC or 97KW

$35,403

$34,509

$894 (+2.59%)

C – Goods Vehicle & Bus

$26,914

$26,378

$536 (+2.03%)

D Motorcycle

$3,689

$3,709

$20 (-0.54%)

E Open

$36,667

$35,310

$1,357 (+3.84%)


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


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