COE price trend over the past quarter: July to September 2022 vs April to June 2022
Hold onto Your Wallets: COE Prices are Shaking the Singapore Automobility
For the past quarter, the COE (Certificate of Entitlement) premiums have been sprinting up and, frankly, up toward jungle‑free‑cash‑levels. By late August, the high‑end Category A was hovering around a mind‑blowing $90,000—right in the sweet spot of the 2013 “mass‑market cars” craze. Meanwhile, the Open category hit a fresh high of $114,001 back in July, and Category E for the bigger, more flamboyant cars surged to $113,000 in early September.
Numbers that bellow across the 2011‑2012 planetary orbit
- From July to September, Cat A COEs shot up by 15 % over the previous sweep.
- Cat B crept up by close to 13 %.
- Cat E jumped by about 14 %.
These figures are screaming louder than a honking traffic jam, and the public’s protests are no longer just the polite murmurs of polite car‑owners.
What the LTA decided (and why it matters for you)
Just after our last update, the Land Transport Authority (LTA) threw a curveball in the form of a new quota rule. It’s all about stabilising the wild roller‑coaster ride of COE prices.
- Instead of looking at only the most recent quarter, the LTA now averages vehicle deregistrations over the last two quarters – a whole six‑month span.
- This change bumps the total COE quota for the August‑to‑October period to 10,581 units, up from what the old method would predict (9,394).
- Nevertheless, that’s still an 11.5 % drop from the May‑to‑July allocation.
Because demand has stayed as steady as that stubborn espresso machine at your favorite café, and because Cars@Expo added fuel to the fire, premiums upped a notch across every category.
What this means for your future driveway dreams
- Sure, COE prices may not soar as fast as they were – a small silver lining.
- Yet on the flip side, they’re unlikely to nosedive either; it’s like a pendulum stuck mid‑air.
- New higher interest rates, courtesy of the US Federal Reserve, mean a loan that was once a cheap blade is now leaning toward the hefty blade.
If you’re thinking of stepping into the car market this year, treat your wallet like a careful friend: give it a good look, weigh the numbers, and hold the headset on hand for potential future updates. After all, the future of car ownership is as unpredictable as a zip‑line through midnight lightning storms.
Vehicle de-registration and COE supply forecasting
COE Supply Forecast: A Big Drop Ahead!
Hey folks, strap in! We’ve crunched the numbers with the brand‑new calculation system, and the data from de‑registrations between April and September 2022 spells a dramatic dip for the period from November 2022 to January 2023. In plain English: expect an 11% shrinkage overall.
What That Means for Different Categories
- Category A – The worst hit: the COE quota is set to tumble by 16%, dropping from the current monthly average of 1,086.
- Category B – A smaller but still sizable fall: the quota will fall by 13% from the current average of 939.
- Category E – There’s a silver lining: a modest 8% bump is projected, up from the current monthly average of 327.
Why the Numbers Are Different
The new quota calculation method softened the blow. Previously, we had pegged a 19% drop for the August to October period, but the updated model shows a gentler 11.5% decline instead. So while still a hit, it’s less brutal than we imagined.
Keep an eye out – this forecast could reshape how owners approach the market in the coming months. Stay tuned for more updates!
New car pricing: July to September 2022
Why Car Prices Are Doing a 90‑Degree Turn in 2025
Sgcarmart has been crunching numbers from a handful of top‑rated dealerships to figure out the latest price ride on the new‑car scene. The stats are in, and things are looking a bit… pricey.
Quarter‑over‑Quarter: 8% Jump in New‑Car Prices
- Our sample pool of models shows an 8% increase from the last quarter.
- Compared to the May‑June 2022 average, it’s a sharper climb than the two previous three‑month periods.
- That spike is largely thanks to the coincident jump in Category A COE (Certificate of Entitlement) fees.
Category A: The Rocket of COE Prices
When Category A went through the roof, it pulled the whole “Car‑Per‑Coin” club into overtime. Take the Toyota Corolla Altis – its price is now hovering around USD 150,000, a whopping leap from its earlier street‑level numbers.
Compare the Numbers: COE vs Retail
- COE premiums for all three categories surged by 13–15% in the same period.
- In contrast, the retail price increase is only 8%. Dealers are clearly trying to buffer angry buyers.
- It appears that many car sellers are leaning on smaller price hikes to help folks feel less pressured about hitting the showroom.
Bottom Line: “Slow and Steady” Won’t Save the Car Budget
Even with the slower climb, the thrill of owning a hot new car is still priced at a premium. If you’re peeking at those numbers, just remember—every COE Spike feels like a game of Monopoly in real life: you might need to pay a big rent to keep that car in your driveway.
Most popular used cars: June 2022 to August 2022
Top 5 Used Cars From June–August 2022: What’s Hot on Sgcarmart?
Here’s a quick snapshot of the five most popular used cars in the Singapore market over the three‑month period from June to August 2022. The numbers below show how much these vehicles depreciate each year on average.
- Honda Vezel 1.5A X (2016) – $13,954 per year
- Honda Civic 1.6A VTi (2018) – $13,701 per year
- Mercedes‑Benz C‑Class C180 Avantgarde (2017) – $19,570 per year
- Mercedes‑Benz C‑Class C180 Avantgarde (2015) – $20,853 per year
- Mercedes‑Benz C‑Class C180 Avantgarde (2016) – $20,186 per year
Why the Honda Vezel Is Still a Big Deal
The Vezel is still munching through its depreciation at a rate of about $14,000 a year. That’s pretty much the same speed a brand‑new HR‑V or other factory‑sold Honda will lose in the first year. In other words, if you’re buying a used Vezel, you’re not paying the premium you’d have to pay for a new car.
It’s not just a cool crossover – it’s a reliable, budget‑friendly option that continues to hold its value even as new car prices climb.
Other Winners on the List
While the Honda Civic keeps its reputation as a favourite, the rest of the top five are dominated by Mercedes‑Benz C‑Class C180 Avantgarde models from 2015‑2017. That tells us these cars are still zipping around the Sgcarmart with a lot of demand. And let’s not forget the Mercedes‑Benz GLA180 from 2019‑2020 – they’re the “Cat A” party animals you’ll often spot on the classifieds.
Need a Loan for Your Next COE?
Before you decide on a bank loan or an in‑house loan for your COE renewal, check out our guide. It’ll help you pick the best finance route for that next used car you love.
So, whether you’re hunting for a dependable crossover, a compact ambulance, or a classy luxury sedan, these numbers are your play-by‑play on the road to a great deal.
