October 2020 COE Bidding: The Quick & Easy Recap
Hey car‑enthusiasts and budget‑savvy commuters! The second Certificate of Entitlement (COE) round that landed in October 2020 just wrapped up and the numbers are hot off the press. Below is an informal, no‑frills look at how each category fared.
Cat A – Sedans & Small‑Engine Cars (up to 1600 cc & 97 kW)
Premium: $37,334
- Number of bids: 1,323
- Change from last round: +$800 (≈ 2.2 %)
- Result? A nice bump in the price—drivers aiming for the mid‑size sweet‑spot may feel the pinch.
Cat B – Powerhouses (above 1600 cc or 97 kW)
Premium: $40,990
- Bids: 1,272
- Shift: +$300 (≈ 0.7 %)
- Big‑engine lovers might need to tighten the purse strings a tad.
Cat C – Goods & Buses
Premium: $33,778
- Change: +$689 (≈ 2.1 %)
- Bus drivers and freight gurus notice a modest increase.
Cat D – Motorcycles
Premium: $7,300
- Bids: 560
- Dip: –$151 (≈ –2 %)
- Bikers rejoice—less cost to keep the two‑wheel freedom.
Cat E – Open Category (any vehicle)
Premium: $39,889
- Bids: 560
- Drop: –$412 (≈ –1 %)
- Open‑category holders see a brief respite; maybe that’s a sign to upgrade something.
Snapshot in a Snapshot Table
| Category | Current COE (Oct 2020 – 2nd Bid) | Previous COE (Oct 2020 – 1st Bid) | Difference |
|---|---|---|---|
| A – Car up to 1600 cc & 97 kW | $37,334 | $36,534 | +$800 (+2.2 %) |
| B – Car above 1600 cc or 97 kW | $40,990 | $40,690 | +$300 (+0.7 %) |
| C – Goods Vehicle & Bus | $33,778 | $33,089 | +$689 (+2.1 %) |
| D – Motorcycle | $7,300 | $7,451 | –$151 (‑2 %) |
| E – Open | $39,889 | $40,301 | –$412 (‑1 %) |
That’s the low‑down: a mix of price hikes and drops, a surge in bids for cars and trucks, and a more relaxed feel for motorcyclists. Carsof, it’s your move—time to decide if those bumps in the premium are worth it.
Source: COECars (originally from Motorist)
