November 2019 COE Results 2nd Bidding: Premiums for Cars End Slightly Higher
COE prices ended mixed in the final bidding exercise for November. In this exercise, Cat A closed at $32,000, Cat B at $39,700, and Cat E at $40,889.
With 1,468 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $32,000 — $2,000 higher from the previous exercise.
For Cat B (Cars above 1600CC or 97KW), it saw a $309 decrease. It received 1,331 bids in total and closed at $39,700.
Cat C (Goods Vehicle & Bus) closed $890 lower, at $24,502 from the previous exercise.
As for Cat D (Motorcycles), it also closed lower at $3,921.
Finally, for Cat E (Open category), it received 540 bids and closed at $40,889, an increase of $788 from the last exercise.
Here’s a summary of the 2nd bidding exercise for November 2019.
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$32,000 |
$30,000 |
$2,000 (+6.6%) |
|
B – Car above 1600CC or 97KW |
$39,700 |
$40,009 |
$309 (-0.8%) |
|
C – Goods Vehicle & Bus |
$24,502 |
$25,392 |
$890 (-3.5%) |
|
D – Motorcycle |
$3,921 |
$4,100 |
$179 (-4.3%) |
|
E – Open |
$40,889 |
$40,101 |
$788 (+4.6%) |
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 for customers of Motorist, with zero obligations attached.
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.
Schedule a free COE renewal consultation session!
Read more: November 2019 COE Results: Quota Premiums Drop For Most Categories
Download the new 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!
