January 2020 COE Results: Quota Premium Rises Across All Categories
In the first COE exercise for 2020, quota premiums rose across all categories. In this exercise, Cat A closed at $35,320, Cat B at $37,109, and Cat E at $38,000.
With 1,450 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $35,320 — an $2,431 increase from the last exercise in December 2019.
For Cat B (Cars above 1600CC or 97KW), it closed at $37,109. It received 1,229 bids in total and closed $1,109 higher.
Cat C (Goods Vehicle & Bus) closed at $24,402, It is $1,202 higher from the previous exercise.
For Cat D (Motorcycles), it ended $331 higher, at $3,989.
Lastly, for Cat E (Open category), it received 541 bids and closed at $38,000, a slight increase of $11.
Here’s a summary of the 1st bidding exercise for January 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$35,320 |
$32,889 |
$2,431 (7.4%) |
|
B – Car above 1600CC or 97KW |
$37,109 |
$36,000 |
$1,109 (3.1%) |
|
C – Goods Vehicle & Bus |
$24,402 |
$23,200 |
$1,202 (5.2%) |
|
D – Motorcycle |
$3,989 |
$3,658 |
$331 (9%) |
|
E – Open |
$38,000 |
$37,989 |
$11 (0.02%) |
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Read more: December 2019 COE Results: Premiums End Mostly Lower for Car Categories
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