February 2019 COE Results 2nd Bidding: Premiums for Cars on the Rise, End Mostly Higher

For the 2nd bidding exercise for February 2019, COE results for cars all ended higher. Cat A, Cat B and Cat E ended at $26,301, $35,403 and $36,667 respectively.

With 2,261 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) increased by $612, from $25,689 to $26,301.

Cat B (Cars above 1600CC or 97KW) received 1,993 bids and went up to $35,403, a $894 increase from the previous exercise.

For Cat C (Goods Vehicle & Bus), the Quota Premium closed at $26,914, an increase of $536.

Cat D (Motorcycles) was the only category in which premiums decreased. Ending at $3,689, it went down by $20.

Lastly, for Cat E (Open category), it received 658 bids and ended at $36,667, increasing by $1,357.

Here’s a summary of the 2nd bidding exercise for February 2019.

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Read more: February 2019 COE Results: Car Premiums End Mostly Higher in Latest Bidding Exercise

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