COE prices for cars surge in second bidding exercise for June 2025, Lifestyle News
Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp, as well as electric cars with a power output of up to 110kW, went up by $1,125 to end the bidding exercise at $98,124.
Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw premiums going up by $3,670 to end at $116,670.
Cat C, which are for goods vehicles and buses, saw prices went up by $3,000 to end the bidding exercise at $65,000.
Cat D, which are reserved for motorcycles, went down by $400 to close at $8,600.
Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go up by $2,989 to finish the exercise at $116,889.
Here's a summary of the second COE bidding exercise for June 2025: Category Current COE Previous COE Difference PQP* A $98,124 $96,999 +$1,125 $98,328 (June)
$99,643 (July) B $116,670 $113,000 +$3,670 $116,945 (June)
$116,909 (July) C $65,000 $62,000 +$3,000 $66,109 (June)
$64,427 (July) D $8,600 $9,000 -$400 $9,221 (June)
$9,036 (July) E $116,889 $113,900 +$2,989 Not applicable
*PQP, or Prevailing Quota Premium, is the moving average of COE prices in the last 3 months, and denotes the amount payable in order to renew a car's COE at the end of its tenure.
sherly.goh@asiaone.com
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