August 2020 COE Results 2nd Bidding: Prices Close Mostly Higher

Motorist Coe Results 2nd Bidding August 2020

In the 2nd COE bidding exercise for August 2020, Cat A closed at $35,710, Cat B at $38,802, and Cat E at $38,110.

With 2,099 bids received, Cat A (Cars up to 1600CC & 97KW) closed at $35,710, a sharp increase of $2,710.

Cat B (Cars above 1600CC or 97KW) also saw a significant increase. It received 1,727 bids and saw a rise of $1,700. It closed highest at $38,802.

Cat C (Goods Vehicle & Bus) closed $906 higher at $25,006. It received 586 bids.

Cat D (Motorcycles) is the only category that saw a decrease. With 797 bids, it closed $269 lower at $7,432.

Lastly, for Cat E (Open category), 764 bids were received, and a closing price of $38,110 was announced. It closed $1,608 higher than the previous exercise.

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

Category

Current COE premium
(August 2020 - 2nd Bidding)

Previous COE premium
(August 2020 - 1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$35,710

$33,000

$2,710

(8.2%)

B – Car above 1600CC or 97KW

$38,802

$37,102

$1,700

(4.6%)

C – Goods Vehicle & Bus

$25,006

$24,100

$906

(3.8%)

D – Motorcycle

$7,432

$7,701

$269

(-3.5%)

E – Open

$38,110

$36,502

$1,608
(4.4%)

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Read More: August 2020 COE Results: Premiums Rebound After Previous Drop


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