March 2019 COE Results 2nd Bidding: Quota Premiums for Cars Continue to Rise

Car News    •
Screenshot 2019 03 20 At 4

It appears that the Quota Premium for cars is on the upward trend. In the second bidding exercise for March 2019, Cat A closed at $26,659, Cat B finished at $39,401, and Cat E ended at $41,000.

With 2,204 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) rose by $350, from $26,309 to $26,659.

After receiving 1,878 bids, Cat B (Cars above 1600CC or 97KW) finished at $39,401, $2,440 higher from $36,961 previously.

For Cat C (Goods Vehicle & Bus), it went from $27,010 to $27,021, rising slightly by $11.

Cat D (Motorcycles) was the only one that fell. It closed at $3,469, dropping by $133 from $3,602 previously.

Finally, Cat E (Open category) saw the largest increase. It received 730 bids and closed at $41,000, going up by $3,380 from $37,620 previously.

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

Category

Current COE premium
(March 2019 2nd Bidding )

Previous COE premium
(March 2019 1st Bidding )

Difference

A – Car up to 1600CC & 97KW

$26,659

$26,309

$350 (+1.33%)

B – Car above 1600CC or 97KW

$39,401

$36,961

$2,440 (+6.6%)

C – Goods Vehicle & Bus

$27,021

$27,010

$11 (+0.04%)

D Motorcycle

$3,689

$3,602

$133 (-3.69%)

E Open

$41,000

$37,620

$3,380 (+8.98%)


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


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1 Comment

Clara

Jialat! COE rising again :"(

Like Reply 7 months ago
Donovan

Well, there are times when it drops, now it's just the time that it goes up again!

Like 7 months ago