March 2020 COE Results: Premiums End Lower for Most Categories
The first COE exercise for March 2020 closed mostly lower across the board. Cat A closed at $32,699, Cat B at $32,801, and Cat E at $32,500.
With 1,436 bids received, Cat A (Cars up to 1600CC & 97KW) closed $300 lower from the previous exercise, at $32,666.
For Cat B (Cars above 1600CC or 97KW), it closed at $32,801, $88 lower than last month. It received 1,347 bids in total.
Cat C (Goods Vehicle & Bus) closed at $24,202; $799 lower from the previous exercise.
For Cat D (Motorcycles), it is the only category that went up. However, it only went up by $1! It closed at $4,310.
Lastly, for Cat E (Open category), it received 512 bids and closed at $32,500, a decrease of $801.
Here’s a summary of the 1st bidding exercise for March 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$32,666 |
$32,999 |
$300 (-1%) |
|
B – Car above 1600CC or 97KW |
$32,801 |
$32,889 |
$88 (-0.2%) |
|
C – Goods Vehicle & Bus |
$24,202 |
$25,001 |
$799 (-3.2%) |
|
D – Motorcycle |
$4,310 |
$4,309 |
$1 (+0.02%) |
|
E – Open |
$32,500 |
$33,301 |
$801 (-2.4%) |
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Read More: February 2020 COE Results 2nd Bidding: Quota Premiums Rise for Categories A and B
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