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March 2022 COE Results 1st Bidding: Drastic Increases In Premiums -> Cat D at $11,400
In the 1st COE bidding exercise for March 2022, Cat A closed at $68,501, Cat B at $94,889, Cat C at $48,889, Cat D at $11,400 and Cat E at $98,890.
Cat A (Cars up to 1600CC & 97KW) received 962 bids and saw a $5,501 increase from the previous exercise. It closed at $68,501.
Cat B (Cars above 1600CC or 97KW) saw 860 bids and increased by $1,299. It closed at $94,889.
Cat C (Goods Vehicle & Bus) received 199 bids and increased by $2,388. It closed at $48,889.
Cat D (Motorcycles) had 602 bids in total and saw an increase of $811. It closed today at $11,400.
Lastly, Cat E (Open Category) received 318 bids and saw an increase of $5,788. It closed at $98,890.
This is the fourth consecutive COE bidding since Jan 19 that premiums have risen across all categories of vehicles.
Here’s a summary of the 1st bidding exercise for March 2022:
|
Category
|
Current COE
|
Previous COE
|
Difference
|
PQP
|
|---|---|---|---|---|
| A – Car up to 1600CC & 97KW |
$68,501
|
$60,761
|
+ $5,501
|
$59,179 (Mar) |
| B – Car above 1600CC or 97KW |
$94,889
|
$86,102
|
+ $1,299
|
$83,464 (Mar) |
| C – Goods Vehicle & Bus |
$48,889
|
$44,001
|
+ $2,388
|
$44,118 (Mar) |
| D – Motorcycle |
$11,400
|
$10,010
|
+ $811
|
$9,882 (Mar) |
| E – Open |
$98,890
|
$87,000
|
+ $5,788
|
- |
Article Credits Motorist
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