COE Bidding in October: Prices Climb Across the Board
The latest round of Certificate of Entitlement (COE) auctions showed a clear uptick in prices for every category. Buyers were on the edge of their seats, eager to lock in deals amid the widespread 10‑10 promotions from dealers and the looming COE supply cut announced by the LTA in the last week.
Bid Results Breakdown
- Category A – New price: $52,709 (▲ $5,708); 811 bids; 1,304 seats.
- Category B – New price: $80,210 (▲ $10,010); 774 bids; 1,240 seats.
- Category C – New price: $40,501 (▲ $1,611); 126 bids; 252 seats.
- Category E – New price: $85,000 (▲ $12,244); 210 bids; 391 seats.
What’s Driving the Surge?
Dealers rolled out generous 10‑10 deals—buy ten, get ten—right before the auction, sparking a frenzy that pushed demand to the max. Coupled with the LTA’s announcement that COE supply will be slashed in the coming quarter, the market sorted itself into a classic “supply meets demand” stock market frenzy.
Want to Track Historical Bids?
Head over to our COE Bidding Results page for a deep dive into past auctions and see how these numbers stack up against previous rounds. And if you’re thinking of entering the auction, you’ll want to get all the data before you place your bid. Good luck, and may your car dreams drive you further!
Cat A COE – Breaking the $50,000 barrier
Cat A Car Insurance: Prices on the Rise, Bidders on the Edge
Hold onto your steering wheels – the latest bid round for Cat A cars, those nifty four‑wheelers with engine sizes capped at 1,600 cc and a power output no higher than 130 bhp, just ticked higher.
What the Numbers Tell Us
- Premiums rose by $5,708 – that’s a 12.1 % jump – taking the final price to $52,709.
- Compared to the 12‑month average, premiums are now 20.1 % higher. In other words, the latest round is putting a bigger dent in your pocket.
- Bidder contention? 61 % of the time it went beyond the set quota, which is a noticeable spike from the 39 % average for the category.
Putting It Into Perspective
Imagine you’re at a car insurance auction – the “bidding” part is more like a runaway roller coaster of numbers. The once‑steady quest for a sweet spot has become a bullish trend, especially when you throw in the inflated successful bid rate. The stakes? A hovering 12‑month average that fails to keep pace with the rogue reality; you might think you’re hearing static when the numbers are spiking, right?
What’s Next for Cat A?
While the premium skyrocket may sound alarming, it’s a reflection of the economic forces and the tug-of-war between insurers and policyholders. Keep your eyes peeled for the next round – with each twist, the market might just flip the script again.
Cat B COE – Five-digit climb this session
Cat B Premiums Keep Their Momentum
The premium curve for Cat B has been on a steady up‑ward trajectory, marking the fifth consecutive rise in this bidding round.
What’s the Big Number?
- Premium snagged from car enthusiasts = $10,010—that’s a whopping 14.3 % jump.
- New high point = $80,210.
Why It Matters
That spike has pushed Cat B premiums to roughly 50.3 % above the moving twelve‑month average—think of it as the category just got a booster shot.
Bidding Dynamics
In this session, the number of unsuccessful bids outpaced the available quota by a hearty 60 %, outshining the 12‑month mean of 40 %. The rush means anyone planning to place a bid should probably grab a coffee and a tissue—it’s got a few more twists and turns than usual.
Cat C COE – Jumping back upwards
Premiums Soar, Bids Go Bubbly
Premiums for Cat C, Goods Vehicles & Buses
- Jumped by $1,611 – that’s a whole 4.1 % bump.
- Silver‑lined, the new closing figure sits at $40,501.
Unsuccessful Bids – A Bustling Affair
- The number of bids that didn’t hit the mark was double the available quota.
- That’s a whopping 100 % overrun – a massive leap from the 12‑month average of 81 %.
In short: premiums popped up, and bids? Let’s just say they ended up looking a bit… overloaded for this round.
Cat E COE – A $12,244 leap this session
Cat E Premiums Get a Wild Boost
During the open‑category session, premiums jumped an eye‑popping $12,244—that’s a 16.8 % lift—
ending the round at a tidy $85,000.
Staying Above the Average
In this bid, the premium sits a robust 54.8 % higher than the 12‑month trailing average. The market is clearly feeling the heave‑you‑go energy!
Bidding Short‑falls Galore
- Unsuccessful bids > the quota by a sizzling 86 %, compared to the usual 65 % over the past year.
Prevailing Quota Premium
Renewing Your COE: What to Expect – Latest Premiums for October
Heads up, car owners! If you’re planning to renew your Certificate of Entitlement (COE), you’re probably wondering how much you’ll shell out this month. Don’t worry; we’ve done the math for you.
How the Premium Is Calculated
The prevailing quota premium is based on the moving average of the last three months of COE prices. Think of it as a “trend follower” that ensures you’re paying a fair price that reflects recent market swings.
October Prices by Category
- Category A: you’ll pay $46,482
- Category B: $60,586
- Category C: $40,004
Those are the figures you’ll see on your renewal bill. If you’re in any of these categories, take a deep breath – the numbers are pretty straightforward.
Why This Matters
Knowing the cost ahead of time helps you budget, plan a quick pit‑stop for roadside assistance, or decide whether it’s worth treating yourself to a late‑night pizza after the payment.
