Latest COE Prices & COE Bidding Results
COE Bidding Results (9 Nov)
COE across all categories (including Cat D, not pictured) continue to rise, with prices for Category B and Category E hitting new records.
The last time Category B premiums rose to an all time high was 7 September at $113,000. And as for Category E, its last record setting premium was 20 July at $114,001.
This is the first tender with a quota drop of drop by 13.7%, signalling a further supply squeeze. A total of 2,294 bids were received, with a quota of 1,528 COEs available.
Prices for your next ride can be stable, especially when you look through our quality pre-owned Carro Certified cars. With our 160-point inspection, 5-day money back guarantee and 12-month warranty on engine and gearbox, you can be rest assured of a ride that is as good as new. Find your next dream car today.
COE Bidding Results (19 October 2022)
COE across all categories bounced back up, notably for Category B going up a whopping $14,144. This negates the $12,000 dip that we saw in October’s first bidding.
Premiums for motorcycles closed at S$12,801 (not pictured), breaking the previous record of S$11,751 set in the earlier tender this month.
The quota will drop by 13.7% for the November to January quarter, signalling a further supply squeeze.
Prices for your next ride can be stable, especially when you look through our quality pre-owned Carro Certified cars. With our 160-point inspection, 5-day money back guarantee and 12-month warranty on engine and gearbox, you can be rest assured of a ride that is as good as new. Find your next dream car today.
COE Bidding Results (5 October 2022)
COE prices fell across all the board for all vehicles except for motorcycles in Category D (not pictured). This is after prices for Category B hit an all time high two weeks in a row during August’s second bidding and September’s first bidding.
Are we looking at prices cooling off further or can we expect this to be a one-off incident?
Now that premiums are looking manageable, there’s no better time to get a new ride. Sell your car and upgrade to a better one today.
COE Bidding Results (20 April 2022)
COE prices fell across all categories due to an increase in COE quota which was announced on 14 April 2022. There was an 14.3 percent increase as compared to the quota that was released in January 2022.
The increase in quota helped ease pressure on soaring COE premiums, which have been steadily rising in recent months.
As premiums fall, there’s no better time to get a new ride. Sell your car and upgrade to a better one today: https://bit.ly/36sAvn0
Source: Land Transport Authority
Category A: Cars with engine capacity of 1600 CC and below
Category B: Cars with engine capacity over 1600 CC
Category C: Vehicles that carry goods and buses
Category E: “Open category” — this can be applied to all of the above except motorcycles.
COE Bidding Results (6 April 2022)
Premiums for Cat A continue to rise, indicating a higher demand for smaller cars and Electric Vehicles (EVs).
Surprisingly, there was a slight drop in premiums for Cat B, with Cat E ending at $99,999.
With supply issues due to the ongoing global semiconductor shortage, carmakers have also had to temporarily remove features needing chips. It’s uncertain if this removal is just a stop-gap solution to keep production lines running.
Prefer a car with the full range of features intact rather than a new car with missing features? Browse our wide selection of CARRO Certified pre-owned cars here.
Source: Land Transport Authority
Category A: Cars with engine capacity of 1600 CC and below
Category B: Cars with engine capacity over 1600 CC
Category C: Vehicles that carry goods and buses
Category E: “Open category” — this can be applied to all of the above except motorcycles.
COE Bidding Results (23 Mar 2022)
COE prices continue to rise across all categories except for motorcycles.
Since the announcement that Electric Vehicles (EVs) up to 110kW will be given Cat A COEs from May, premiums for this category continue to climb. We may continue to see a rise should demand for EVs remain high.
Given the ongoing global chip shortage, rising inflation and higher petrol prices, car ownership in Singapore looks set to be a relatively costly affair.
Absolutely need to get a car but not prepared to pay the hefty COE premiums for a brand new ride? Perhaps buying a used car may be a better choice for now. Browse our wide range of CARRO Certified pre-owned cars here.
Alternatively, if you’re not ready to commit to car ownership but desire the convenience of having a car, you may want to give our flexible car ownership programme CARRO LEAP a go.
The commitment period starts as little as 1 month. There is also no hefty downpayment needed, and you are able to choose from either a new or used car, Internal Combustion Engine (ICE) cars or Electric Vehicles (EVs).
Find out more about CARRO Leap here: https://bit.ly/36fidpD
Source: Land Transport Authority
Category A: Cars with engine capacity of 1600 CC and below
Category B: Cars with engine capacity over 1600 CC
Category C: Vehicles that carry goods and buses
Category E: “Open category” — this can be applied to all of the above except motorcycles.
COE Bidding Results (9 March 2022)
If you have been thinking of buying an EV (Electric Vehicle) but are concerned about the cost of the COE, here’s some good news for you. From May 2022 onwards, fully electric vehicles with up to 110kW of power output will be included in COE Cat A.
Currently, all cars, including electric vehicles, with a power output of 97 kW fall under Cat A. This new criterion is significant since EVs tend to have a higher power output than regular ICE (Internal Combustion Engine) cars.
So if you have been considering an EV such as the Kia Niro Short Range, Nissan Leaf and Hyundai Ioniq Electric, they could come at a more affordable price now given that Cat A’s COE premiums tend to be lower than Cat B.
Nevertheless, given the global chip shortage situation and rising demand for cars, COE premiums may continue on an upward trend.
Curious to see if an EV would suit your lifestyle but not ready to commit to car ownership? Try test-owning one for just a month with CARRO Leap, our flexible, low commitment car subscription programme which enables you to lease an EV for as little as one month, with no down payment required.
This all-inclusive plan comes with insurance, tax, maintenance fees, and even 24/7 roadside assistance, so you’re covered throughout your subscription.
Plus, the Ministry of Transport announced yesterday that as part of the Singapore Green Plan 2030, all HDB car parks will have at least 3 charging points for EVs by 2025. With all this positive news, now’s the time to start finding your dream EV ride.
Browse our wide selection of EVs available to lease on CARRO Leap now.
Source: Land Transport Authority
Category A: Cars with engine capacity of 1600 CC and below
Category B: Cars with engine capacity over 1600 CC
Category C: Vehicles that carry goods and buses
Category E: “Open category” — this can be applied to all of the above except motorcycles.
COE Bidding Results (23 Feb 2022)
COE prices continue to rise due to supply issues.
Latest news suggests that the global chip shortage is showing no signs of easing, in part exacerbated by the pandemic situation. Experts think that this shortage could last until 2023.
As global vehicle makers struggle to meet the demand for new cars, we can expect to see continue a rise across the categories should demand for cars remain high or increase.
The latest Singapore Budget 2022 also saw the introduction of new Additional Registration Fee (ARF) Tier for luxury cars. Cars with an OMV(Open Market Value) in excess of $80,000 will be further levied with an ARF of 220% starting this month.
In sum, the cost of car ownership looks set to continue to rise.
If you are looking to purchase a car, consider a used car which does not have a long waiting time and is a lot easier on your wallet.
CARRO’s range of certified pre-owned cars are quality assured with our 160-point inspection ensuring no mileage tampering or major accidents damage.
Your purchase of every car comes with a 12 month warranty on the engine and gearbox and a 5-day money back guarantee..
As good as new, is what we would call it. Browse our wide range of CARRO certified pre-owned cars here.
Source: Land Transport Authority
Category A: Cars with engine capacity of 1600 CC and below
Category B: Cars with engine capacity over 1600 CC
Category C: Vehicles that carry goods and buses
Category E: “Open category” — this can be applied to all of the above except motorcycles.
COE Bidding Results (9 Feb 2022)
Unlike past Lunar New Year periods which typically see a decrease in COE prices, we noted an increase across all categories in February’s first bidding. The increase may also be the result of a longer-than-usual 3-week space between biddings, since this bidding was held on the second week of the month rather than the first, which usually means a higher number of bids received.
With a lower quota and higher number of bids received, we noted an increase in COE prices of Cat A by (4.9%) and Cat B by (5%), indicating a higher demand for both smaller cars and bigger, luxury cars.
Buy now, before COE prices rise even further: https://carro.sg
Source: Land Transport Authority
Category A: Cars with engine capacity of 1600 CC and below
Category B: Cars with engine capacity over 1600 CC
Category C: Vehicles that carry goods and buses
Category E: “Open category” — this can be applied to all of the above except motorcycles.
COE Bidding Results (19 Jan 2022)
The falling COE quota, as reported by LTA on 14 January, could mean that car prices could rise even further.
One of the reasons for the drop in COE quota could be a lower number of deregistered cars in 2021. With the reduction in car quota, we’ve observed that the COE premiums increased across Cat A (+0.5%), Cat B (+5.5%), and Cat E (+1.7%).
If your car has reached the 10-year mark, you may want to consider a used car rather than a new car for your next car purchase.
Buy now, before costs rise further: https://carro.sg
Source: Land Transport Authority
Category A: Cars with engine capacity of 1600 CC and below
Category B: Cars with engine capacity over 1600 CC
Category C: Vehicles that carry goods and buses
Category E: “Open category” — this can be applied to all of the above except motorcycles.
COE Bidding Results (5 Jan 2022)
COE premiums have decreased across Cat A, B, C and E, with Cat B seeing a $3,289 decrease. This is a change in the upward trend observed in Cat A and B in the last few results.
As premiums fall, it may be time to finally get a new ride today. Sell your car and upgrade to a better one: https://carro.sg/sell-car
Source: Land Transport Authority
Category A: Cars with engine capacity of 1600 CC and below
Category B: Cars with engine capacity over 1600 CC
Category C: Vehicles that carry goods and buses
Category E: “Open category” — this can be applied to all of the above except motorcycles.