March 2023 COE Results 2nd Bidding: Massive Increase in Cat A Premiums, Big Drop in Cat C Premiums
In the 2nd COE bidding exercise for March 2023, Cat A closed at $93,503, Cat B at $116,201, Cat C at $85,389, Cat D at $12,001, and Cat E at $116,020.
Cat A (Cars up to 1600CC & 97KW) received 768 bids and and increased by $5,503. It closed at $93,503.
Cat B (Cars above 1600CC or 97KW) saw 670 bids and increased by $700. It closed at $116,201.
Cat C (Goods Vehicle & Bus) received 107 bids and decreased by $5,712. It closed at $85,389.
Cat D (Motorcycles) received 616 bids in total and saw an decrease of $389. It closed at $12,001.
Lastly, Cat E (Open Category) received 265 bids and saw a decrease of $20. It closed at $116,020.
Here’s a summary of the 1st bidding exercise for February 2023:
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – Car up to 1600CC & 97KW | $93,503 |
$88,000 |
+ $5,503 |
$86,677 (Apr) |
| B – Car above 1600CC or 97KW | $116,201 |
$115,501 |
+ $700 |
$109,948 (Apr) |
| C – Goods Vehicle & Bus | $85,389 |
$91,101 |
- $5,712 |
$83,969 (Apr) |
| D – Motorcycle | $12,001 |
$12,390 |
- $389 |
$11,696 (Apr) |
| E – Open | $116,020 |
$116,000 |
+ $20 |
- |
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Read More: March 2023 COE Results 1st Bidding: All Premiums on the Rise Again Except for Cat E
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