November 2022 COE Auction Wrap‑Up
It was a bustling evening on the bidding floor, with cars, bikes, buses and that ever‑mysterious Open category all fighting for the best deal.
Category A – Compact Cars (≤1600 cc & 97 kW)
- 622 bidders raised the stakes.
- Price jumped by $3,354 – now sitting at $90,589.
- Overcome the December PQP of $84,903, a solid lift.
Category B – Bigger Cars ( > 1600 cc or > 97 kW)
- 568 enthusiastic bidders.
- Slight dip of $1,507, closing at $113,881.
- Came down from a Dec PQP of $109,363.
Category C – Goods Vehicles & Buses
- 122 bidders, a quiet but steady crowd.
- Surge of $5,500, yielding a final price of $81,802.
- Beat the December PQP of $71,048, giving a clear win.
Category D – Motorcycles
- A lively field of 594 bidders.
- Minor drop of $600, settling at $12,589.
- Slipped from a Dec PQP of $12,204, but still a solid bet.
Category E – Open (Wildcard)
- 283 bids tried their luck.
- Down by $2,568, final value of $114,009.
- Fell from a Dec PQP of $116,577, a slight disappointment.
Overall, the market was a balanced mix of excitement and caution, with most categories flirting with penalties or positive swings. Good news for compact car lovers, a cautious sweet spot for motorcycles, and a tidy de‑trend for the open card.
Ready to Roll into Singapore’s Car Renewal Jungle?
Thinking about whether adding a few bucks to your wallet is worth it for that shiny car? Let’s break it down – no boring spreadsheets, just the real deal.
What You’ll Face at the Counter
- COE (Certificate of Entitlement): It’s the ticket that lets you keep your car on the road. Prices swing wildly depending on demand – so it could be a bargain or a bank‑roll‑busting spree.
- Registration Tax (RT): Proportional to your car’s engine size. The bigger the engine, the higher the tax – feels a bit like a “size matters” policy.
- Insurance: You’ll need at least third‑party coverage, but many opt for a full no‑fault policy for that sweet safety net.
- Stamp Duty & Other Fees: Includes road tax and, if you’re changing ownership, a bit of paperwork.
Quick Numbers (2025 Approx.)
- COE: $500–$1,500 (voting for your car’s future)
- RT: 1%–4% of vehicle value (depends on engine size)
- Insurance: $200–$1,000 a year (your safety net)
- Other Fees: $50–$300 (not the biggest chunk!
All told, keeping your car running can cost a few hundred dollars a year – not the whole bakery, but definitely your QSR break budget.
Where to Find The Latest Prices
Check Motorist for the freshest updates – they post the nitty‑gritty details of COE trends, tax schedules, and more. It’s the one-stop shop if you’re avoiding the auto‑tax maze.
So, if you’re staring at that renewal notice, remember: a little extra sprinkles now keeps your car grooving for years—plus the bragging rights of “I calculated my car’s cost!”
