September 2020 COE Results: Premiums Close Mostly Higher For Cars

Motorist Coe Results 1st Bidding September 2020

In the first COE bidding exercise for September 2020, Cat A closed at $37,766, Cat B at $41,510, and Cat E at $40,790.

With 1,737 bids received, Cat A (Cars up to 1600CC & 97KW) closed at $37,766, an increase of $2,056 from the previous exercise.

Cat B (Cars above 1600CC or 97KW) saw the highest increase at $2,708. It received 1,715 bids and closed at $41,510.

Cat C (Goods Vehicle & Bus) also saw an increase in this exercise. It rose by $1,638 and closed at $26,644.

Cat D (Motorcycles) saw a slight decrease of $33, the only category that fell. It received 525 bids and closed at $7,399.

Lastly, for Cat E (Open category), it closed at $40,790 and received 672 bids. Premiums for this category rose by $2,680.

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

Category

Current COE premium
(September 2020 - 1st Bidding)

Previous COE premium
(August 2020 - 2nd Bidding)

Difference

A – Car up to 1600CC & 97KW

$37,766

$35,710

$2,056

(5.8%)

B – Car above 1600CC or 97KW

$41,510

$38,802

$2,708

(7%)

C – Goods Vehicle & Bus

$26,644

$25,006

$1,638

(6.6%)

D – Motorcycle

$7,399

$7,432

$33

(-0.4%)

E – Open

$40,790

$38,110

$2,680
(7%)

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


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