COE prices in February 2025’s first Open Bidding Exercise drop in most vehicle categories

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February 2025 Certificate of Entitlement (COE) Open Bidding Exercise concluded on 5 February at 16:00

In a competitive bidding landscape, the latest exercise revealed a general reduction in COE premiums across nearly all vehicle categories.

Notably, while most categories saw a decline, the Motorcycle category experienced an increase of $568, bringing the new COE to $8,289.

Stakeholders, including buyers, sellers and policymakers, are urged to monitor these fluctuations as they could influence vehicle pricing and market strategies in the coming months.

Detailed COE Price Breakdown

Category		Previous COE ($)	New COE ($)	Difference ($)
A	(Cars up to 1,600cc & below 97kW)	93,601	85,000	-8,601
B	(Cars above 1,600cc & above 97kW)	116,625	111,104	-5,521
C	Goods Vehicle & Bus	65,476	62,506	-2,970
D	Motorcycle	7,721	8,289	+568
E	Open – All Except Motorcycle	115,112	110,000	-5,112

Category A includes non-fully electric cars with engines up to 1,600cc and a maximum power output of up to 97kW (130bhp), as well as fully electric vehicles up to 110kW (147bhp).

Category B encompasses non-fully electric cars with engines exceeding 1,600cc or power outputs above 97kW (130bhp), and fully electric cars with outputs surpassing 110kW (147bhp).

For a deeper analysis of these trends, detailed statistics and historical data can be accessed on the Land Transport Authority (LTA) website.

Additional details regarding the COE bidding process are available on the One Motoring COE page.

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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