March 2019 COE Results: Quota Premiums for Cars on the Rise

Car News    •

March 2019 Coe Results 1st Bidding

The Quota Premium for cars appears to be on the rise. In the first bidding exercise for March 2019, Cat A closed at $26,309, Cat B finished at $36,961, and Cat E ended at $37,620.

With 2,213 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) went up by $8, from $26,301 to $26,309.

Cat B (Cars above 1600CC or 97KW) received 1,903 bids and ended at $36,961, from $35,403 previously.

For Cat C (Goods Vehicle & Bus), the premium went up by $96, from $26,914 to $27,010.

Cat D (Motorcycles) was the only category that fell in this exercise. It dropped by $87, from $3,689 to $3,602.

Last but not least, Cat E (Open category) received 689 bids and closed $953 higher. Premiums rose by $953, from $36,667 to $37,620.

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

Category

Current COE premium
(March 2019 1st Bidding )

Previous COE premium
(February 2019 2nd Bidding )

Difference

A – Car up to 1600CC & 97KW

$26,309

$26,301

$8 (+0.03%)

B – Car above 1600CC or 97KW

$36,961

$35,403

$1,558 (+4.4%)

C – Goods Vehicle & Bus

$27,010

$26,914

$96 (+0.36%)

D Motorcycle

$3,602

$3,689

$87 (-2.36%)

E Open

$37,620

$36,667

$953 (+2.6%)


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


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