July 2020 COE Results: Premiums Close Significantly Higher After Three-Month Suspension

Motorist Coe Results 1st Bidding July 2020

The COE Bidding Exercise is finally back after a three-month suspension. For July 2020, Cat A closed at $33,520, Cat B at $35,889, and Cat E at $34,989.

With 3,061 bids received, Cat A (Cars up to 1600CC & 97KW) closed $2,310 higher from the previous exercise in March, at $33,520.

For Cat B (Cars above 1600CC or 97KW), it saw the highest increment at $5,877! It received 3,160 bids and closed at $35,889.

Cat C (Goods Vehicle & Bus) closed $2,500 higher at $24,502. It received 866 bids in total.

For Cat D (Motorcycles), it saw the second highest increase of $3,213. It closed at $7,702 and received 1,611 bids in total.

Lastly, for Cat E (Open category), it received 937 bids, and closed at $34,989; a $2,489 increase from March.

Here’s a summary of the 1st bidding exercise for July 2020:

Category

Current COE premium
(July 2020 - 1st Bidding)

Previous COE premium
(March 2020 - 2nd Bidding)

Difference

A – Car up to 1600CC & 97KW

$33,520

$31,210

$2,310

(+7.4%)

B – Car above 1600CC or 97KW

$35,889

$30,012

$5,877

(+19.6%)

C – Goods Vehicle & Bus

$24,502

$22,002

$2,500

(+11.4%)

D Motorcycle

$7,702

$4,489

$3,213

(+71.6%)

E Open

$34,989

$32,500

$2,489
(+7.7%)

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


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