October 2019 COE Results 2nd Bidding: Quota Premiums End Mostly Higher For Cars
The Quota Premiums ended mostly higher for cars in the October 2019 COE 2nd bidding. In this exercise, Cat A closed at $32,309, Cat B at $41,805, and Cat E at $42,020.
With 1,467 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $32,309 — a $1,692 decrease from the last exercise.
For Cat B (Cars above 1600CC or 97KW), it saw a minor $444 increase. It received 1,503 bids in total and closed at $41,805.
Cat C (Goods Vehicle & Bus) closed $508 lower, at $26,001, from the previous exercise.
As for Cat D (Motorcycles), it closed $89 higher at $3,889.
Last but not least Cat E (Open category) received 506 bids and closed at $42,020, an increase of $1,019 from the last exercise.
Here’s a summary of the 2nd bidding exercise for October 2019.
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$32,309 |
$34,001 |
$1,692 (-5%) |
|
B – Car above 1600CC or 97KW |
$41,805 |
$41,361 |
$444 (1%) |
|
C – Goods Vehicle & Bus |
$26,001 |
$26,509 |
$508 (-1.9%) |
|
D – Motorcycle |
$3,889 |
$3,800 |
$89 (2.3%) |
|
E – Open |
$42,020 |
$41,001 |
$1,019 (2.5%) |
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Read more: October 2019 COE Results: Premiums End Higher Across the Board
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