November 2020 COE Results 2nd Bidding: Premiums Increase for Cars and Motorcycles

Motorist Coe 181120

In the 2nd COE bidding exercise for November 2020, Cat A closed at $37,690, Cat B at $41,101, Cat C at $30,334, Cat D at $7,300, and Cat E at $41,503.

Cat A (Cars up to 1600CC & 97KW) received 1,361 bids and saw an increase of $1,700 from the last exercise. It closed at $37,690.

Cat B (Cars above 1600CC or 97KW) closed at $41,101, higher than the previous results by $2,101. It received 1,559 bids.

Cat C (Goods Vehicle & Bus) saw the only drop in prices. It closed at $30,334, which is $1,168 lower than the previous exercise.

Cat D (Motorcycles) closed this exercise at $7,300. It received 679 bids and saw a $49 increase in premiums.

Finally, for Cat E (Open Category), it saw an increase by $2,003. It closed at $41,503 and received 803 bids.

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

Category

Current COE premium
(November 2020 - 2nd Bidding)

Previous COE premium
(November 2020 - 1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$37,690

$35,990

$1,700

(+4.7%)

B – Car above 1600CC or 97KW

$41,101

$39,000

$2,101

(+5.4%)

C – Goods Vehicle & Bus

$30,334

$31,502

$1,168

(-3.7%)

D – Motorcycle

$7,300

$7,251

$49

(+0.7%)

E – Open

$41,503

$39,500

$2,003
(+5.07%)

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Read More: November 2020 COE Results 2nd Bidding: Lower Premiums for Goods Vehicles and Buses


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