November 2020 COE Results 2nd Bidding: Premiums Increase for Cars and Motorcycles
In the 2nd COE bidding exercise for November 2020, Cat A closed at $37,690, Cat B at $41,101, Cat C at $30,334, Cat D at $7,300, and Cat E at $41,503.
Cat A (Cars up to 1600CC & 97KW) received 1,361 bids and saw an increase of $1,700 from the last exercise. It closed at $37,690.
Cat B (Cars above 1600CC or 97KW) closed at $41,101, higher than the previous results by $2,101. It received 1,559 bids.
Cat C (Goods Vehicle & Bus) saw the only drop in prices. It closed at $30,334, which is $1,168 lower than the previous exercise.
Cat D (Motorcycles) closed this exercise at $7,300. It received 679 bids and saw a $49 increase in premiums.
Finally, for Cat E (Open Category), it saw an increase by $2,003. It closed at $41,503 and received 803 bids.
Here’s a summary of the 2nd bidding exercise for November 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$37,690 |
$35,990 |
$1,700 (+4.7%) |
|
B – Car above 1600CC or 97KW |
$41,101 |
$39,000 |
$2,101 (+5.4%) |
|
C – Goods Vehicle & Bus |
$30,334 |
$31,502 |
$1,168 (-3.7%) |
|
D – Motorcycle |
$7,300 |
$7,251 |
$49 (+0.7%) |
|
E – Open |
$41,503 |
$39,500 |
$2,003 (+5.07%) |
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Read More: November 2020 COE Results 2nd Bidding: Lower Premiums for Goods Vehicles and Buses
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