October 2020 COE Results: Premiums Down For Cars
In the first COE bidding exercise for October 2020, Cat A closed at $36,534, Cat B at $40,690, and Cat E at $40,301.
With 1,272 bids received, Cat A (Cars up to 1600CC & 97KW) closed at $36,534, a decrease of $1,970 from the previous exercise in September.
Cat B (Cars above 1600CC or 97KW) saw a drop in this exercise too. It received 1,218 bids and closed at $40,690 - a $299 decrease.
Cat C (Goods Vehicle & Bus) saw the largest increase in this exercise. It closed at $33,089 - $4,500 higher than the last exercise!
Cat D (Motorcycles) saw a slight increase of $120. It received 677 bids and closed at $7,451.
Lastly, for Cat E (Open Category), it saw a slight $700 drop. It closed at $40,301 and received 688 bids.
Here’s a summary of the 1st bidding exercise for October 2020:
Category |
Current COE premium |
Current COE premium |
Difference |
A – Car up to 1600CC & 97KW |
$36,534 |
$38,504 |
$1,970 (-5.1%) |
B – Car above 1600CC or 97KW |
$40,690 |
$40,989 |
$299 (-0.7%) |
C – Goods Vehicle & Bus |
$33,089 | $28,589 |
$4,500 (15.7%) |
D – Motorcycle |
$7,451 | $7,331 |
$120 (1.6%) |
E – Open |
$40,301 | $41,001 |
$700 (-1.7%) |
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Read More: September 2020 COE Results 2nd Bidding: Prices Close Mixed After Latest Exercise
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