COE Results September 2024 1st Bidding: Up across the board!

The first round of bidding for September saw Certificate of Entitlement (COE) premiums continuing to hold largely steady. Cat A saw the largest shift, climbing by a total of $2,590 this session, while the rest of the private car categories didn't see a four-digit shift.

The arrival of popular models including the Honda HR-V, Honda Freed, and the Suzuki Swift, could have spurred the rise in premiums for Cat A this session.

Get data on past COE bidding exercises at our COE bidding results page.

Cat A COE - Reversing course from last session

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp or electric vehicles with a power output of up to 110kW, climbed this session by $2,590 (2.8%) to reach a total of $96,490.

The current premium now stands at 7.2% above the 12-month trailing average. The total number of number of bids submitted exceeded the number of successful bids this round by 33%, significantly lower than the 12-month average of 55% for the category.

Cat B COE - Just a $411 climb this session

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc or electric vehicles with a power output of more than 110kW, also saw just a small climb this session. This session saw premiums for the category climb by $411 (0.4%) to reach $106,300.

This climb means the current premium for the category is now just 4.6% below the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 39%. This is lower than the 12-month average figure for the category of 55%.

Cat C COE - Going steady

Premiums for Cat C, for goods vehicles and buses, climbed this session by $1,601 (2.2%) to close at $74,001. The number of unsuccessful bids this round exceeded the available quota by 50%, lower than the 12-month average for this category of 67%.

Cat E COE - Also taking a small climb

Premiums for Cat E, the open category, climbed this session, rising by a total of $900 (0.9%) to reach $106,901.

Current premiums for the category are now just 6.1% below the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 92%. This is significantly than the 12-month average figure for the category of 79%.

Prevailing Quota Premium

The Prevailing Quota Premium is the amount to be paid for COE renewal and is computed from the moving average of the previous three-months of COE prices. Those looking to renew the COE on their cars will thus have to pay the following prices for the respective months.

If you're looking for a fuss-free option to renew your car's COE, Sgcarmart Connect provides free COE renewal advice, which includes loan sourcing and all paperwork.

✅ Advice and tips on COE renewal 
✅ Complimentary Pre-COE Car Inspection 
✅ COE renewal loan quote comparisons 
✅ Interest Rate typically starts from 2.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork