March 2020 COE Results 2nd Bidding: Quota Premiums Dip for Categories A, B and C
In the 2nd COE exercise for March 2020, prices dipped for Categories A, B and C. Cat A closed at $31,210, Cat B at $30,012, and Cat E remained unchanged at $32,500.
With 1,421 bids received, Cat A (Cars up to 1600CC & 97KW) closed $1,489 lower from the previous exercise, at $31,210.
For Cat B (Cars above 1600CC or 97KW), it closed at $30,021, $2,789 lower than last month. It received 1,366 bids in total.
Cat C (Goods Vehicle & Bus) closed at $22,002; $2,200 lower from the previous exercise. It received 708 bids in total.
For Cat D (Motorcycles), it is the only category that went up. It went up by $179, and closed at $4,489. It received 757 bids in total.
Lastly, for Cat E (Open category), it received 503 bids and remain unchanged at $32,500.
Here’s a summary of the 2nd bidding exercise for March 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$31,210 |
$32,699 |
$ 1,489 (-4.55%) |
|
B – Car above 1600CC or 97KW |
$30,012 |
$32,801 |
$2,789 (-8.50%) |
|
C – Goods Vehicle & Bus |
$22,002 |
$24,202 |
$2,200 (-9.09%) |
|
D – Motorcycle |
$4,489 |
$4,310 |
$179 (+4.15%) |
|
E – Open |
$32,500 |
$32,500 |
$0 (0%) |
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