COE prices drop across all categories in January 2025’s second Open Bidding

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The second Certificate of Entitlement (COE) Open Bidding Exercise for January 2025 concluded on 22nd January at 16:00.

In a notable shift, the latest round of COE bidding has seen a reduction in prices across all categories. The bidding exercise, which wrapped up at 4 PM on January 22, highlighted a market in flux as all categories witnessed a decline in their respective COE premiums.

Detailed COE Price Breakdown

Category		Previous COE ($)	New COE ($)	Difference ($)
A	(Cars up to 1,600cc & below 97kW)	93,699	93,601	-98
B	(Cars above 1,600cc & above 97kW)	121,501	116,625	-4,876
C	Goods Vehicle & Bus	67,891	65,476	-2,415
D	Motorcycle	9,001	7,721	-1,280
E	Open – All Except Motorcycle	123,000	115,112	-7,888

Analysis of Category Trends

Category A reflects a slight decrease of $98, indicating a marginal adjustment in demand for smaller non-electric and certain electric vehicles.

Category B saw a more significant drop of $4,876, suggesting a potential decrease in demand for larger or more powerful vehicles.

The Goods Vehicle & Bus category (Category C) also experienced a reduction, down by $2,415, which might indicate a shift in commercial transport demand.

In Category D, the motorcycle segment, the COE price decreased by $1,280, possibly reflecting changing consumer preferences or cost sensitivity in this category.

Category E, an open category applicable to all vehicles except motorcycles, had the most substantial decline of $7,888, highlighting significant volatility or strategic bidding patterns.

Further Insights and Resources

For those looking to understand the dynamics behind these fluctuations, detailed statistics and historical trends can be accessed on the Land Transport Authority (LTA) website.

Additionally, the One Motoring COE page offers a comprehensive overview of the COE process.

As the COE market continues to evolve, it remains essential for buyers, sellers, and policymakers to stay vigilant and informed of these bidding trends.

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