January 2020 COE Results 2nd Bidding: Quota Premiums Rise for Three Categories

Published by on . Updated on 18 May 2020

Motorist Coe Results January 2020 2nd Bidding

In the 2nd COE exercise for 2020, quota premiums ended mixed for all categories. In this exercise, Cat A closed at $35,010, Cat B at $37,705, and Cat E at $37,500.

With 1,390 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $35,010 — a $310 decrease from the first bidding in January 2020.

For Cat B (Cars above 1600CC or 97KW), it closed at $37,705. It received 1,157 bids in total and closed $596 higher.

Cat C (Goods Vehicle & Bus) closed at $25,001; $599 higher from the previous exercise.

For Cat D (Motorcycles), it rose up $621 higher, closing at $4,610.

Lastly, for Cat E (Open category), it received 528 bids and closed at $37,500, a decrease of $500.

Here’s a summary of the 2nd bidding exercise for January 2020:

Category

Current COE premium
(Jan 2020-2nd Bidding)

Previous COE premium
(Jan 2020-1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$35,010

$35,320

$310 (-0.9%)

B – Car above 1600CC or 97KW

$37,705

$37,109

$596 (1.6%)

C – Goods Vehicle & Bus

$25,001

$24,402

$599 (2.6%)

D Motorcycle

$4,610

$3,989

$621 (15.6%)

E Open

$37,500

$38,000

$500 (-1.3%)

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Read more: January 2020 COE Results: Quota Premium Rises Across All Categories


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