February 2020 COE Results 2nd Bidding: Quota Premiums Rise for Categories A and B
In the 2nd COE exercise for February, quota premiums rose for Categories A and B. In this exercise, Cat A closed at $32,999, Cat B at $32,889 and Cat E at $33,301.
With 1,564 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $32,999 — a $2,989 increase from the last bidding earlier this month.
For Cat B (Cars above 1600CC or 97KW), it closed at $32,889. It received 1,459 bids in total and closed $1,999 higher.
Cat C (Goods Vehicle & Bus) closed at $25,001; $12 lower from the previous exercise.
For Cat D (Motorcycles), it dipped lower by $92, closing at $4,309.
Lastly, for Cat E (Open category), it received 550 bids and closed at $33,301, a drop of $1,599.
Here’s a summary of the 2nd bidding exercise for February 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$32,999 |
$30,010 |
$2,989 (+10%) |
|
B – Car above 1600CC or 97KW |
$32,889 |
$30,890 |
$1,999 (+6.5%) |
|
C – Goods Vehicle & Bus |
$25,001 |
$25,013 |
$12 (-0.05%) |
|
D – Motorcycle |
$4,309 |
$4,401 |
$92 (-2.1%) |
|
E – Open |
$33,301 |
$34,900 |
$1,599 (-4.6%) |
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Read More: February 2020 COE Results 1st Bidding: Massive Drop in Premiums for Cat A, B and E
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