August 2019 COE Results 2nd Bidding: Quota Premiums Drop Across the Board

Quota Premiums for the 2nd COE bidding of August 2019 have dropped across all categories. Cat A closed at $31,917, Cat B at $38,602, and Cat E at $40,002.

With 1,725 bids received, Cat A (Cars up to 1600CC & 97KW) closed at $31,917, $808 lower than the previous exercise in early August.

For Cat B (Cars above 1600CC or 97KW), it received 1,415 bids and ended at $38,602. This is the largest drop in this exercise at $1,399.

Cat C (Goods Vehicle & Bus) also saw a significant drop as well. It closed this exercise at $26,501, a difference of $1,299.

As for Cat D (Motorcycles), it fell by $4,301, a $99 drop from the first exercise in August.

Lastly, Cat E (Open category) received 593 bids and saw a decrease of $510. It closed at $40,002 in the final exercise for August 2019.

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

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Read more: August 2019 COE Results: Increased Quota Premiums Across All Categories

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