March 2020 COE Results 2nd Bidding: Quota Premiums Dip for Categories A, B and C

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In the 2nd COE exercise for March 2020, prices dipped for Categories A, B and C. Cat A closed at $31,210, Cat B at $30,012, and Cat E remained unchanged at $32,500.

With 1,421 bids received, Cat A (Cars up to 1600CC & 97KW) closed $1,489 lower from the previous exercise, at $31,210.

For Cat B (Cars above 1600CC or 97KW), it closed at $30,021, $2,789 lower than last month. It received 1,366 bids in total.

Cat C (Goods Vehicle & Bus) closed at $22,002; $2,200 lower from the previous exercise. It received 708 bids in total.

For Cat D (Motorcycles), it is the only category that went up. It went up by $179, and closed at $4,489. It received 757 bids in total.

Lastly, for Cat E (Open category), it received 503 bids and remain unchanged at $32,500.

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

Category

Current COE premium
(March 2020 - 2nd Bidding)

Previous COE premium
(March 2020 - 1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$31,210

$32,699

$ 1,489

(-4.55%)

B – Car above 1600CC or 97KW

$30,012

$32,801

$2,789

(-8.50%)

C – Goods Vehicle & Bus

$22,002

$24,202

$2,200

(-9.09%)

D Motorcycle

$4,489

$4,310

$179

(+4.15%)

E Open

$32,500

$32,500

$0
(0%)

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Read More: March 2020 COE Results: Premiums End Lower for Most CategoriesMarch 2020 COE Results: Premiums End Lower for Most Categories

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