October 2020 COE Results: Premiums Down For Cars

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%)

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


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