The first COE bidding exercise of February 2025 saw a continued downward trend in premiums, offering a slight relief for potential car buyers. While most categories recorded a decrease, motorcycle premiums in Category D were the only exception, seeing a slight increase.
With this shift in COE prices, what does it mean for prospective buyers and existing car owners? Let’s break down the latest results and key insights from this bidding round.
Here’s how the COE premiums fared in the latest bidding exercise:
Key Takeaways from This Bidding Round:
The downward trend in COE prices can be attributed to several key factors:
With these trends in mind, let’s explore what this means for car buyers and owners.
With COE prices showing a downward trend in most categories, here’s what car buyers and owners should consider:
✅ Now might be a good time to enter the market. If COE prices continue to dip, it could mean better deals on new cars, especially for those eyeing luxury or larger vehicles in Category B and E.
✅ Financing is still a key factor. While COE prices have softened, interest rates on car loans remain high. Buyers should weigh the total cost of ownership before committing.
✅ Keep an eye on quota changes. The COE market is unpredictable. Future adjustments in quota supply could push prices back up.
🚗 Renewing your COE? Lower premiums may mean more affordable renewal costs for those considering extending their vehicle’s lifespan.
🚗 Selling your car? If COE prices continue to fall, the resale value of used cars may dip. Now could be a strategic time to trade in your vehicle before prices stabilize.
🚗 Regular servicing is key. Whether you’re holding onto your car longer or purchasing a new one, ensuring your vehicle is in top condition will save on maintenance costs in the long run. Curious how often you should service your vehicle? Check out our recent guide on the servicing intervals based on the make and model you drive!
As COE prices continue to shift, it’s crucial to stay informed and make smart decisions whether you're buying, selling, or maintaining your car.
At BCC Automotive, we’ve been Singapore’s trusted car servicing and repair specialists for 50 years, ensuring every vehicle stays in peak condition - no matter what’s happening in the market.
Visit us at Sin Ming & Toh Tuck, or book your appointment online today!