May 2023 COE Results 1st Bidding: Significant Decrease in Cat D, Decreases All Round Except For Cat C
In the 1st COE bidding exercise for May 2023, Cat A closed at $101,001, Cat B at $119,399, Cat C at $75,589, Cat D at $5,002, and Cat E at $124,002.
Cat A (Cars up to 1600CC & 97KW) received 663 bids and and decreased by $2,720. It closed at $101,001.
Cat B (Cars above 1600CC or 97KW) saw 513 bids and decreased by $1,490. It closed at $119,399.
Cat C (Goods Vehicle & Bus) received 109 bids and increased by $255. It closed at $75,589.
Cat D (Motorcycles) received 670 bids in total with an decrease of $7,177. It closed at $5,002.
Lastly, Cat E (Open Category) received 271 bids and saw an decrease of $499. It closed at $124,002.
Here’s a summary of the 2nd bidding exercise for April 2023:
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – Car up to 1600CC & 97KW | $101,001 |
$103,721 |
- $2,720 |
$92,381 (May) |
| B – Car above 1600CC or 97KW | $119,399 |
$120,899 |
- $1,490 |
$115,270 (May) |
| C – Goods Vehicle & Bus | $75,589 |
$75,334 |
+ $255 |
$83,589 (May) |
| D – Motorcycle | $5,002 |
$12,179 |
- $7,177 |
$12,061 (May) |
| E – Open | $124,002 |
$124,501 |
- $ 499 |
S5,511 (May) |
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.
Claim your free car valuation today!
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.
Here are some other resources that might be of interest:
COE Hike: Why Now Is the Best Time to Purchase a Used Car
COE Hike: Why It's A Good Time To Sell Your Current Car Now
COE Quota To Decrease Further From February 2022 to April 2022
Join our COE Live Results & Speculations Telegram Group
Schedule a free COE renewal consultation session!
Read More: April 2023 COE Results 2nd Bidding: Cat C Premiums Drop Again While Others Rise
Download the 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.
