October 2019 COE Results 2nd Bidding: Quota Premiums End Mostly Higher For Cars

Motorist October 2019 2nd Bidding Coe Results
The Quota Premiums ended mostly higher for cars in the October 2019 COE 2nd bidding. In this exercise, Cat A closed at $32,309, Cat B at $41,805, and Cat E at $42,020.

With 1,467 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $32,309 — a $1,692 decrease from the last exercise.

For Cat B (Cars above 1600CC or 97KW), it saw a minor $444 increase. It received 1,503 bids in total and closed at $41,805.

Cat C (Goods Vehicle & Bus) closed $508 lower, at $26,001, from the previous exercise.

As for Cat D (Motorcycles), it closed $89 higher at $3,889.

Last but not least Cat E (Open category) received 506 bids and closed at $42,020, an increase of $1,019 from the last exercise.

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

Category

Current COE premium
(October 2019-2nd Bidding)

Previous COE premium
(October 2019-1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$32,309

$34,001

$1,692 (-5%)

B – Car above 1600CC or 97KW

$41,805

$41,361

$444 (1%)

C – Goods Vehicle & Bus

$26,001

$26,509

$508 (-1.9%)

D Motorcycle

$3,889

$3,800

$89 (2.3%)

E Open

$42,020

$41,001

$1,019 (2.5%)

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Read more: October 2019 COE Results: Premiums End Higher Across the Board


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