April 2019 COE Results: Quota Premiums for Cars Go up Even Further

Car News    •

April 2019 COE Results

In the first bidding of April 2019, the Quota Premium for cars continues on its rise. In the first bidding exercise for April 2019, Cat A finished at $29,159, Cat B ended at $43,102, and Cat E closed at $48,209.

With 2,338 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) went up by $2,500, from $26,659 to $29,159.

Cat B (Cars above 1600CC or 97KW) got 1,782 bids and ended at $43,102, up by $3,701 from $39,401 previously.

For Cat C (Goods Vehicle & Bus), the premium went up by $568, from $27,021 to $27,589.

Cat D (Motorcycles) closed at $3,501 from $3,469 previously, an increase of $32.

Lastly, Cat E (Open category) received 648 bids and went up by $7,209, closing at $48,209 from $41,000 at the last bidding.

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

Category

Current COE premium
(April 2019 1st Bidding )

Previous COE premium
(March 2019 2nd Bidding )

Difference

A – Car up to 1600CC & 97KW

$29,159

$26,659

$2,500 (+9.38%)

B – Car above 1600CC or 97KW

$43,102

$39,401

$3,701 (+9.39%)

C – Goods Vehicle & Bus

$27,589

$27,021

$568 (+2.1%)

D Motorcycle

$3,501

$3,469

$32 (+0.92%)

E Open

$48,209

$41,000

$7,209 (+17.6%)

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


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