August 2020 COE Results: Premiums Rebound After Previous Drop

Motorist Coe Results 1st Bidding August 2020

For the first COE bidding exercise in August 2020, Cat A closed at $33,000, Cat B at $37,102, and Cat E at $36,502.

With 2,047 bids received, Cat A (Cars up to 1600CC & 97KW) closed at $33,000, a slight increase of $301 from the previous exercise.

The most significant increase came from Cat B (Cars above 1600CC or 97KW). It received 1,985 bids and saw a rise of $2,101. It closed highest at $37,102.

Cat C (Goods Vehicle & Bus) closed $212 higher at $24,100. It received 658 bids.

Cat D (Motorcycles) also saw a significant increase in price. Closing at $7,701, it is $1,191 higher than the previous exercise. Cat D received 720 bids in total.

Lastly, for Cat E (Open category), 784 bids were received, and a closing price of $36,502 was announced. It saw the second highest increase at $1,501.

Here’s a summary of the first bidding exercise for August 2020:

Category

Current COE premium
(August 2020 - 1st Bidding)

Previous COE premium
(July 2020 - 2nd Bidding)

Difference

A – Car up to 1600CC & 97KW

$33,000

$32,699

$301

(0.9%)

B – Car above 1600CC or 97KW

$37,102

$35,001

$2,101

(6%)

C – Goods Vehicle & Bus

$24,100

$23,888

$212

(0.9%)

D – Motorcycle

$7,701

$6,510

$1,191

(18.3%)

E – Open

$36,502

$35,001

$1,501
(4.3%)

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Read More: July 2020 COE Results 2nd Bidding: Prices Drop Slightly After Previous Hike


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