February 2020 COE Results 2nd Bidding: Quota Premiums Rise for Categories A and B

Motorist Coe Results February 2nd Bidding 2020

In the 2nd COE exercise for February, quota premiums rose for Categories A and B. In this exercise, Cat A closed at $32,999, Cat B at $32,889 and Cat E at $33,301.

With 1,564 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $32,999 — a $2,989 increase from the last bidding earlier this month.

For Cat B (Cars above 1600CC or 97KW), it closed at $32,889. It received 1,459 bids in total and closed $1,999 higher.

Cat C (Goods Vehicle & Bus) closed at $25,001; $12 lower from the previous exercise.

For Cat D (Motorcycles), it dipped lower by $92, closing at $4,309.

Lastly, for Cat E (Open category), it received 550 bids and closed at $33,301, a drop of $1,599.

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

Category

Current COE premium
(Feb 2020 - 2nd Bidding)

Previous COE premium
(Feb 2020 - 1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$32,999

$30,010

$2,989 (+10%)

B – Car above 1600CC or 97KW

$32,889

$30,890

$1,999 (+6.5%)

C – Goods Vehicle & Bus

$25,001

$25,013

$12 (-0.05%)

D Motorcycle

$4,309

$4,401

$92 (-2.1%)

E Open

$33,301

$34,900

$1,599 (-4.6%)

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Read More: February 2020 COE Results 1st Bidding: Massive Drop in Premiums for Cat A, B and E


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