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COE costs upward push at some level of the board other than Category C, Standard of living

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PHOTO:

The Straits Times file

PUBLISHED ONMarch 20, 2024 8:55 AMByDavid Ting

In the second COE bidding explain of March 2024, Cat A closed at $85,489; Cat B closed at $96,011; Cat C closed at $70,112; Cat D closed at $9,689; while Cat E closed at $95,856.

Cat A (car as a lot as 1600cc & 130bhp, and EV with as a lot as 110kW) got 1,922 bids for 936 COEs and its top rate climbed by $2,489. Category A COE closed at $85,489.

Cat B (car above 1600cc or 130bhp, and EV with bigger than 110kW) got 1,066 bids for 656 COEs and its top rate climbed by a single dollar. Category B COE closed at $96,011.

Cat C (goods vehicle and bus) got 313 bids for 202 COEs and its top rate lowered by $5,487 — or about 7.2 per cent. Category C COE closed at $70,112.

Cat D (motorbike) got 629 bids for 521 COEs and its top rate elevated by $289. Category D COE closed at $9,689.

Lastly, Cat E (all autos apart from motorbike) got 256 bids for 157 COEs and climbed by $846. Category E COE closed at $95,856.

Right here’s a summary of the second COE bidding explain for March 2024:

Category

Unique COE

Old COE

Inequity

PQP

A – car as a lot as 1600cc & 130bhp, and EV as a lot as 110kW $85,489

$83,000

+ $2,489

$83,385
(Feb 2024)
$seventy 9,237
(Mar 2024)
B – car above 1600cc or 130bhp, and EV above 110kW $96,011

$96,010

+ $1

$113,742
(Feb 2024)
$106,075
(Mar 2024)
C – goods vehicle and bus $70,112

$75,599

– $5,487

$71,319
(Feb 2024)
$70,171
(Mar 2024)
D – motorbike $9,689

$9,400

+ $289

$9,696
(Feb 2024)
$9,248
(Mar 2024)
E – all autos apart from motorbike $95,856

$95,010

+ $846

No longer applicable

ALSO READ:COE costs upward push in all classes apart from tremendous autos

This article used to be first printed in Motorist.

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