February 2026 COE Results 1st Bidding: The COE pony didn’t gallop towards the Year of the Horse, with reined-in prices across the five Categories, especially Cat B for “big cars”
In the first COE bidding exercise of February 2026, Cat A closed at $106,320; Cat B closed at $110,890; Cat C closed at $74,801; Cat D closed at $8,289; while Cat E closed at $116,000.
Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,982 bids for 1,265 COEs and its premium dipped by $3,181. Category A COE closed at $106,320.
Cat B (car above 1600cc or 130bhp, and EV with more than 110kW) received 966 bids for 813 COEs and its premium dipped by $10,744. Category B COE closed at $110,890.
Cat C (goods vehicle and bus) received 420 bids for 292 COEs and its premium decreased by $401. Category C COE closed at $74,801.
Cat D (motorcycle) received 645 bids for 550 COEs and its premium decreased by $571. Category D COE closed at $8,289.
Lastly, Cat E (all vehicles except motorcycle) received 462 bids for 271 COEs and dipped by $4,891. Category E COE closed at exactly $116,000.
Motorist asked a few industry insiders for their opinions about this possibility.
Chief executive of Kah Motor Honda, Nicholas Wong, replied: “One thing is for sure - after today’s COE drop is the best time to buy a car, with the short buying weeks ahead for CNY shoppers to look for more rebate savings if prices drop further.”
Managing director of BYD/DENZA distributor Vantage Automotive, Anthony Teo, responded: “With the reduction in COE premiums, people may start to visit showrooms again. For Cat A, likely it will stay put or go up slightly. For Cat B, likely it will not drop further.”
Consultant to multi-brand Vincar Group (GAC, Aion, Hyptec, Proton), Vincent Ng, posed a question back to the Motorist editor: “Can you resist buying a Cat B car?”
Here is a summary of the first COE bidding exercise for February 2026:
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – car up to 1600cc & 130bhp, and EV up to 110kW | $106,320 | $109,501 |
– $3,181 |
$114,004 (Jan 2026) $107,571 (Feb 2026) |
| B – car above 1600cc or 130bhp, and EV above 110kW | $110,890 |
$121,634 |
– $10,744 |
$126,131 (Jan 2026) $120,772 (Feb 2026) |
| C – goods vehicle and bus | $74,801 | $75,202 |
– $401 |
$76,166 (Jan 2026) $76,100 (Feb 2026) |
| D – motorcycle | $8,289 | $8,860 |
– $571 |
$8,817 (Jan 2026) $8,542 (Feb 2026) |
| E – all vehicles except motorcycle | $116,000 | $120,891 |
– $4,891 |
Not applicable |
Next round of COE bidding starts on 16 February 2026 at 12pm, with the results out on 20 February 2026 at 4pm (Feb 17 & 18 are public holidays - Chinese New Year).
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Here are some other resources that might be of interest:
COE Hike: Car leasing companies not main culprits in rising COE prices
COE Hike: Why Now Is the Best Time to Purchase a Used Car
COE Hike: Why It's A Good Time To Sell Your Current Car Now
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