December 2019 COE Results: Premiums End Mostly Lower For Car Categories
COE prices for cars end mostly lower in the first bidding exercise for December 2019. In this exercise, Cat A closed at $33,009, Cat B at $37,900, and Cat E at $38,889.
With 1,386 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $33,009 — $1,009 higher from the previous exercise.
For Cat B (Cars above 1600CC or 97KW), there was a $1,800 decrease. It received 1,265 bids in total and closed at $37,900.
Cat C (Goods Vehicle & Bus) closed $798 lower from the previous exercise at $23,704.
As for Cat D (Motorcycles), it also closed lower at $3,789.
Finally, for Cat E (Open category), it received 518 bids and closed at $38,889, a decrease of $2,000 from the previous exercise.
Here’s a summary of the 1st bidding exercise for December 2019.
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$33,009 |
$32,000 |
$1,009 (+3.2%) |
|
B – Car above 1600CC or 97KW |
$37,900 |
$39,700 |
$1,800 (-4.5%) |
|
C – Goods Vehicle & Bus |
$23,704 |
$24,502 |
$798 (-3.3%) |
|
D – Motorcycle |
$3,789 |
$3,921 |
$132 (-3.4%) |
|
E – Open |
$38,889 |
$40,889 |
$2,000 (-4.9%) |
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Read more: November 2019 COE Results 2nd Bidding: Premiums for Cars End Slightly Higher
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