In the 2nd Bidding of September 2021, the Quota Premium of the COE for the passenger vehicles rise while the commercial vehicles drop. The worst news is Category B and E are increased by $5000+ which makes their quota premiums to be more expensive.
Cat A – Increased by $1, 000
Category A (Car Up To 1600cc & 97kw) increased by $1, 000 from $47, 000 (1st bidding of this month) to $48, 000.
The number of unsuccessful bids this round surpassed the accessible quota by 30%. This figure has averaged 40% for Cat A in the last 12 months.
Cat B – Escalated by $5, 710
Category B (Car Above 1600cc & 97kw) increased by $5, 710 from $62, 600 (1st bidding of this month) to $68, 310.
The total number of unsuccessful bids this round surpassed the accessible quota by 54%, bigger than the 12-month average of 41%.
Cat C – Dropped by $1, 001
Category C (Goods Vehicles & Bus) dropped by $1, 001 from $40, 001 (1st bidding of this month) to $39, 000.
The total number of unsuccessful bids this round surpassed the accessible quota by 69%, smaller than the 12-month trailing average of 81%.
Cat E – Escalated by $5, 302
Category E (Open-All Except Motorcycle) escalated by $5, 302 from $64, 700 (1st bidding of this month) to $70, 002.
The total number of unsuccessful bids this round surpassed the accessible quota by 102%. The 12-month trailing average for this figure is 60%.
Prevailing Quota Premium
If you are looking to renew the COE on your car, you will have to pay the Prevailing Quota Premium (PQP) prices below this September.
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Reference from sgcarmart.com