July 2020 COE Results: Premiums Close Significantly Higher After Three-Month Suspension
The COE Bidding Exercise is finally back after a three-month suspension. For July 2020, Cat A closed at $33,520, Cat B at $35,889, and Cat E at $34,989.
With 3,061 bids received, Cat A (Cars up to 1600CC & 97KW) closed $2,310 higher from the previous exercise in March, at $33,520.
For Cat B (Cars above 1600CC or 97KW), it saw the highest increment at $5,877! It received 3,160 bids and closed at $35,889.
Cat C (Goods Vehicle & Bus) closed $2,500 higher at $24,502. It received 866 bids in total.
For Cat D (Motorcycles), it saw the second highest increase of $3,213. It closed at $7,702 and received 1,611 bids in total.
Lastly, for Cat E (Open category), it received 937 bids, and closed at $34,989; a $2,489 increase from March.
Here’s a summary of the 1st bidding exercise for July 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$33,520 |
$31,210 |
$2,310 (+7.4%) |
|
B – Car above 1600CC or 97KW |
$35,889 |
$30,012 |
$5,877 (+19.6%) |
|
C – Goods Vehicle & Bus |
$24,502 |
$22,002 |
$2,500 (+11.4%) |
|
D – Motorcycle |
$7,702 |
$4,489 |
$3,213 (+71.6%) |
|
E – Open |
$34,989 |
$32,500 |
$2,489 (+7.7%) |
Thinking about upgrading your car after seeing the latest COE results? Motorist can help you sell your vehicle at the highest possible price. Simply click on the button below to receive an online car valuation today. This service is completely free, with zero obligations.
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Read More: March 2020 COE Results 2nd Bidding: Quota Premiums Dip for Categories A, B and C
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