March 1st COE Bidding Results: Premiums Rise Across Most Categories

The first COE bidding exercise for March 2025 saw prices rising across most categories, with the exception of Category A, which experienced a slight dip. The latest bidding results highlight the continued demand for larger vehicles and commercial categories, while smaller car COE prices saw a minor correction.

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Here’s a quick snapshot of the results from the 5 March 2025 bidding round:

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With only Category A dipping slightly, the trend suggests strong demand for larger vehicles, commercial fleets, and motorcycles, likely influenced by factors such as inventory management, corporate fleet purchases, and overall buyer confidence.

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Category Breakdown & Analysis

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Category A: Small Cars See a Slight Drop

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• New COE Price: $92,730 ($120 decrease)

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The small dip in Category A COE premiums suggests that demand for mass-market cars is stabilizing after previous hikes. With affordability concerns still present, buyers may be holding off on purchases or considering alternative financing options.

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Category B: Larger Cars & Luxury Vehicles Continue Upward Trend

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• New COE Price: $113,000 ($3,402 increase)

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Despite recent fluctuations, Category B prices remain on an upward trajectory. Strong demand for premium and luxury cars, coupled with limited supply, continues to push up prices.

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Category C: Commercial Vehicle COE Sees Increase

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• New COE Price: $67,001 ($1,812 increase)

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With businesses expanding and commercial fleet upgrades in progress, demand for goods vehicle COEs remains steady. Companies may also be securing COEs before potential supply restrictions tighten further.

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Category D: Motorcycle COE Climbs Again

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• New COE Price: $9,210 ($410 increase)

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Although this is a smaller increase compared to other categories, motorcycle COEs have been gradually climbing due to increased ridership demand and delivery service expansions.

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Category E: Open Category Sees Biggest Jump

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• New COE Price: $112,901 ($2,899 increase)

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This open-category COE can be used for any vehicle type, and with strong luxury car demand, prices in Category E continue to remain high. Buyers looking for high-end cars are likely driving up this segment.

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What’s Driving These Trends?

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1. Luxury Demand Stays Strong – Buyers of premium and high-performance vehicles are still willing to pay a premium for their COEs, especially in Category B & E.
2. Commercial Vehicles in Demand – Businesses are continuing to renew or expand their fleets, driving Category C prices higher.
3. Motorcycles Remain an Attractive Option – Delivery services and personal transport preferences continue to support Category D's price stability.
4. Interest Rates & Financing Impacting Mass Market Buyers – While demand for small cars (Category A) remains steady, the small dip indicates that some buyers may be waiting for better financing rates.

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What’s Next for COE Prices?

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• With continued fluctuations in demand across vehicle types, buyers should expect further volatility in upcoming bidding rounds.

• If you’re considering purchasing a vehicle, now may be a good time to evaluate financing options and explore dealerships offering better packages.

• For commercial vehicle owners, early COE renewals or securing COEs before further price hikes could be a strategic move.

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Final Thoughts: Is Now the Right Time to Buy?

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While Category A buyers may find some relief, prices for larger cars, commercial vehicles, and motorcycles continue to trend upwards. If you’re in the market for a vehicle, keeping an eye on COE trends and consulting with dealers for the best financing options is crucial in today’s market.

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Stay Ahead with BCC Automotive

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With COE premiums fluctuating, staying informed helps you make the right decisions - whether you’re buying, selling, or maintaining your car.

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At BCC Automotive, we’ve been Singapore’s trusted car servicing and repair specialists for 50 years, ensuring your vehicle runs at its best - no matter what’s happening in the market.

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🚨 For a limited time, enjoy our LIQUI MOLY 50th Anniversary Servicing Special - available until 31st March!