March 2022 COE Results 1st Bidding: Drastic Increases In Premiums Across All Categories, Cat E At Record Highs
In the 1st COE bidding exercise for March 2022, Cat A closed at $68,501, Cat B at $94,889, Cat C at $48,889, Cat D at $11,400 and Cat E at $98,890.
Cat A (Cars up to 1600CC & 97KW) received 962 bids and saw a $5,501 increase from the previous exercise. It closed at $68,501.
Cat B (Cars above 1600CC or 97KW) saw 860 bids and increased by $1,299. It closed at $94,889.
Cat C (Goods Vehicle & Bus) received 199 bids and increased by $2,388. It closed at $48,889.
Cat D (Motorcycles) had 602 bids in total and saw an increase of $811. It closed today at $11,400.
Lastly, Cat E (Open Category) received 318 bids and saw an increase of $5,788. It closed at $98,890.
Here’s a summary of the 1st bidding exercise for March 2022:
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – Car up to 1600CC & 97KW | $68,501 |
$60,761
|
+ $5,501 |
$59,179 (Mar) |
| B – Car above 1600CC or 97KW | $94,889 |
$86,102
|
+ $1,299 |
$83,464 (Mar) |
| C – Goods Vehicle & Bus | $48,889 |
$44,001 |
+ $2,388 |
$44,118 (Mar) |
| D – Motorcycle | $11,400 |
$10,010 |
+ $811 |
$9,882 (Mar) |
| E – Open | $98,890 |
$87,000 |
+ $5,788 |
- |
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