September 2020 COE Results 2nd Bidding: Prices Close Mixed After Latest Exercise

Sep2020coeresults
In the second COE bidding exercise for September 2020, Cat A closed at $38,504, Cat B at $40,989, and Cat E at $41,001.

With 1,540 bids received, Cat A (Cars up to 1600CC & 97KW) closed at $38,504, an increase of $738 from the previous exercise.

Cat B (Cars above 1600CC or 97KW) decreased slightly $521. It received 1,497 bids and closed at $40,989.

Cat C (Goods Vehicle & Bus) saw the biggest increase in this exercise. It rose by $1,945 and closed at $28,589.

Cat D (Motorcycles) saw a slight decrease of $68. It received 642 bids and closed at $7,331.

Lastly, for Cat E (Open category), it closed at $41,001 and received 671 bids. Premiums for this category rose slightly by $211.

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

Category

Current COE premium
(September 2020 - 2nd Bidding)

Current COE premium
(September 2020 - 1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$38,504

$37,766

$738

(1.9%)

B – Car above 1600CC or 97KW

$40,989

$41,510

$521

(-1.3%)

C – Goods Vehicle & Bus

$28,589

$26,644

$1,945

(6.7%)

D – Motorcycle

$7,331

$7,399

$68

(-0.9%)

E – Open

$41,001

$40,790

$211
(0.5%)

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Read More: September 2020 COE Results: Premiums Close Mostly Higher For Cars


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