October 2020 COE Results: Premiums Down For Cars

Published by on
Coe Results October 2020
In the first COE bidding exercise for October 2020, Cat A closed at $36,534, Cat B at $40,690, and Cat E at $40,301.

With 1,272 bids received, Cat A (Cars up to 1600CC & 97KW) closed at $36,534, a decrease of $1,970 from the previous exercise in September.

Cat B (Cars above 1600CC or 97KW) saw a drop in this exercise too. It received 1,218 bids and closed at $40,690 - a $299 decrease.

Cat C (Goods Vehicle & Bus) saw the largest increase in this exercise. It closed at $33,089 - $4,500 higher than the last exercise!

Cat D (Motorcycles) saw a slight increase of $120. It received 677 bids and closed at $7,451.

Lastly, for Cat E (Open Category), it saw a slight $700 drop. It closed at $40,301 and received 688 bids.

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

Category

Current COE premium
(October 2020 - 1st Bidding)

Current COE premium
(September 2020 - 2nd Bidding)

Difference

A – Car up to 1600CC & 97KW

$36,534

$38,504

$1,970

(-5.1%)

B – Car above 1600CC or 97KW

$40,690

$40,989

$299

(-0.7%)

C – Goods Vehicle & Bus

$33,089

$28,589

$4,500

(15.7%)

D – Motorcycle

$7,451

$7,331

$120

(1.6%)

E – Open

$40,301

$41,001

$700
(-1.7%)

Thinking about upgrading your car after seeing the latest COE results? Motorist can help you sell your vehicle at the highest possible price. Simply click on the button below to receive an online car valuation today. This service is completely free, with zero obligations.

Schedule a FREE Car Valuation

For those looking to renew their COE, Motorist also provides free COE renewal advice. That way, you can decide if it's a better option to scrap your vehicle or extend its life.

Schedule a free COE renewal consultation session!

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


Download the new Motorist App now. Designed by drivers for drivers, this all-in-one app lets you receive the latest traffic updates, gives you access to live traffic cameras, and helps you manage LTA and vehicle matters.

Did you know we have a Motorist Telegram Channel? Created exclusively for drivers and car owners in Singapore, you can get instant info about our latest promotions, articles, tips & hacks, or simply chat with the Motorist Team and fellow drivers.

0 Comments