Aug COE 1st Bid Results: COE rises across the board

COE rise across the boards

COE had risen across the board after a slip dip in the last COE. This was lead by the CAT B COE for cars above 1600cc. The COE for CAT B has now risen to $37,102, up from $30,012 since Pre Circuit Breaker Days. The is largely due to the cut in COE Quota from an average of 1200 to 900+ for CAT B.

Despite the anticipated tough times ahead, cars remain to be in demand. The demand in bigger CC cars indicates that higher net worth customers are not affected severely by Covid19. 

The COE prices should continue to remain at these elevated levels as the number of bids far exceeds the demand for the cars.

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