May 2023 COE Results 2nd Bidding: Significant Decrease in Cat A & B, Significant Increase in Cat D, Slight Increase in Cat C & E
In the 2nd COE bidding exercise for May 2023, Cat A closed at $92,000, Cat B at $113,034, Cat C at $77,501, Cat D at $10,602, and Cat E at $125,000.
Cat A (Cars up to 1600CC & 97KW) received 936 bids and decreased by $9,001. It closed at $92,000.
Cat B (Cars above 1600CC or 97KW) saw 713 bids and decreased by $6,365. It closed at $113,034.
Cat C (Goods Vehicle & Bus) received 148 bids and increased by $1,912. It closed at $77,501.
Cat D (Motorcycles) received 1,438 bids in total with an increase of $5,600. It closed at $10,602.
Lastly, Cat E (Open Category) received 301 bids and saw an increase of $998. It closed at $125,000.
Here’s a summary of the 2nd bidding exercise for May 2023:
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – Car up to 1600CC & 97KW | $92,000 | $101,001 |
- $9,001 |
$95,788 (June) |
| B – Car above 1600CC or 97KW | $113,034 |
$119,399 |
- $6,365 |
$115,270 (June) |
| C – Goods Vehicle & Bus | $77,501 | $75,589 |
+ $1,912 |
$80,286 (June) |
| D – Motorcycle | $10,602 | $5,002 |
+ $5,600 |
$10,696 (June) |
| E – Open | $125,000 | $124,002 |
+ $998 |
- |
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