September 2026 COE Results 2nd Bidding: COE prices remained prohibitive but dipped across the board, with Cat A and Cat B becoming a little less overheated
In the second COE bidding exercise of September 2026, Cat A closed at $131,890; Cat B closed at $133,000; Cat C closed at $92,144; Cat D closed at $12,201; while Cat E closed at $137,000.
Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,507 bids for 1,193 COEs and its premium dipped by $1,119. Category A COE closed at $131,890.
Cat B (car above 1600cc or 130bhp, and EV with more than 110kW) received 1,135 bids for 927 COEs and its premium dipped by $2,001. Category B COE closed at exactly $133,000.
Cat C (goods vehicle and bus) received 532 bids for 318 COEs and its premium decreased by $957. Category C COE closed at $92,444.
Cat D (motorcycle) received 605 bids for 522 COEs and its premium decreased by $355. Category D COE closed at $12,201.
Lastly, Cat E (all vehicles except motorcycle) received 431 bids for 269 COEs and dipped by $890. Category E COE closed at exactly $137,000.
Motor traders canvassed by Motorist said they expected the quota premiums to dip, because of a drop in market demand.
Adelene Tan, Vantage Automotive BYD managing director, told us: “The orders were generally weak, due to consecutive weeks’ of (COE) up.”
Chong Kah Wei, Eurokars managing director of BMW and MINI, added: “Yeah, not surprised, as orders were not as strong over the past few weeks.”
Lee Hoe Lone, managing director of Premium Automobiles (Zeekr, Xpeng, Deepal, Avatr), said: “Last two weeks seem to have lower sales interest, likely from the COE price increases.”
Vynn Tu, Wearnes Automotive general manager for NIO, Renault and Alpine, said: “We did expect it to dip as it was quieter after the last hike to record high Cat A COE.”
Nicholas Wong, chief executive of Kah Motor Honda, expected a bigger dip - “Judging from the weak bidding numbers, it could have dropped more. It was $1 for Cat A up till 15 minutes remaining. I still believe there are certain commercial players bidding for fleet replacements that kept the prices up.”
Corinne Chua, Volvo Car Singapore managing director, remarked: “The all-time high Cat A slowed down demand, as can be seen from the unsuccessful bids today, from 43 percent to 26 percent. The number of unsuccessful bids for Cat B has also come down from 43 percent to 22 percent today.”
Will this dip in COE prices stick around?
Ron Lim, head of sales and marketing for Nissan under Tan Chong Motor, didn’t think so - “With Open Cat COE remaining high, it seems to suggest that market is expecting any correction to be temporary and likely to see COE premiums rebounding in the coming tenders.”
Volvo Car Singapore’s Corinne Chua felt doubtful too - “I don’t think this trend will continue, as we are closer to the end of the year when the EEAI and VES will expire or change, so there will be a rush till then.”
The general manager of a Leng Kee Road dealership didn’t feel hopeful - “Looks like COE is always going to be high.”
Here is a summary of the second COE bidding exercise for September 2026:
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – car up to 1600cc & 130bhp, and EV up to 110kW | $131,890 | $133,009 |
– $1,119 |
$125,646 (Aug 2026) $126,208 (Sep 2026) |
| B – car above 1600cc or 130bhp, and EV above 110kW | $133,000 |
$135,001 |
– $2,001 |
$127,835 (Aug 2026) $128,697 (Sep 2026) |
| C – goods vehicle and bus | $92,144 | $93,101 |
– $957 |
$92,599 (Aug 2026) $92,907 (Sep 2026) |
| D – motorcycle | $12,201 | $12,556 |
– $355 |
$9,923 (Aug 2026) $10,366 (Sep 2026) |
| E – all vehicles except motorcycle | $137,000 | $137,890 |
– $890 |
Not applicable |
Next round of COE bidding starts on 5 October 2026 at 12pm, with the results out on 7 October 2026 at 4pm.
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