May 2019 COE Results 2nd Bidding: Premiums Fall Sharply in Latest COE Bidding Exercise

COE May 2019 2nd Bidding

In the second bidding of May 2019, the Quota Premium across all categories end much lower. In this latest exercise, Cat A finished at $27,000, Cat B at $42,564, and Cat E at $47,000.

With 1,799 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) saw the biggest drop. It went down drastically by $9,704, ending at $27,000.

Cat B (Cars above 1600CC or 97KW) got 1,407 bids and went down by $5,446, closing at $42,564 from $48,010 previously.

Cat C (Goods Vehicle & Bus) closed at $27,400 from $28,559 previously, a decrease of $1,159.

Cat D (Motorcycles) went down by $150, from $3,352 to $3,202.

Lastly, Cat E (Open category) received 626 bids and went down by $5,502, ending at $47,000 from $52,502 previously.

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

Category

Current COE premium
(May 2019 2nd Bidding )

Previous COE premium
(May 2019 1st Bidding )

Difference

A – Car up to 1600CC & 97KW

$27,000

$36,704

$9,704 (-26.4%)

B – Car above 1600CC or 97KW

$42,564

$48,010

$5,446 (-11.3%)

C – Goods Vehicle & Bus

$27,400

$28,559

$1,159 (-4.06%)

D Motorcycle

$3,202

$3,352

$150 (-4.47%)

E Open

$47,000

$52,502

$5,502 (-10.5%)

Thinking about upgrading your car after seeing the latest COE results? Motorist.sg can help you sell your vehicle at the highest possible price. Simply click on the button below to receive an online car valuation today. This service is completely free, with zero obligations.

Schedule a FREE Car Valuation

For those looking to renew their COE, Motorist.sg also provides free COE renewal advice. That way, you can decide if it's a better option to scrap your vehicle or extend its life.

Schedule a free COE renewal consultation session!

Read more: May 2019 COE Results: Cat A Prices Continue to Surge in Latest Bidding Exercise


Want to win a year's worth of free petrol and other attractive prizes? Download the Motorist App now and take part in our daily Shake & Win contest. Simply create an account, register a vehicle, and shake your phone at 12pm sharp daily. Over $100,000 worth of daily prizes are up for grabs, including petrol vouchers, car accessories, car care products, and free luxury car rentals!

1 Comment

Dominic Lim

Wah, why drop so much sia?
Reply

7 months ago