COE : May 2023 2nd Bidding Result

 

COE drops but not crash

The anticipated crash did not happen despite the increase in COE. While Cat A and B COE dropped, CAT E actually went up. Demand for Cat A also significantly increased. Motorcycle COE jumped after a surprise dropped for the last bid.

Cat A (Cars up to 1600cc) had 936 bids vs a quota of 596 and decreased by $9,001. It closed at $92,000

Cat B (Cars above 1600cc) had 713 bids vs a quota of 480 and decreased by $6,365. It closed at $113,034

Cat C (Goods, Vehicle and Bus) had 148 bids vs a quota of 72 and increased by $1,912. It closed at $77,501

Cat D (Motorcycles) had 670 bids vs a quota of 571 and increased by $5,600. It closed at $10,602

Cat E (Open Category) had 301 bids vs a quota of 125 and increased by $998. It closed at $125,000