Car News

COE Results November 2018, 1st Tender

November 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$28,199
Up $2,643
$29,670 1,819 2,849
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,302
Up $1,000
$32,121 1,265 2,142
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$29,501
$28,733 332 460
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,000
Down $900
557 862
By |Car News, COE|Comments Off on COE Results November 2018, 1st Tender

COE Results October 2018, 2nd Tender

October 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$25,556
Down $2,901
$29,670 1,674 1,811
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,302
Up $1
$32,121 1,273 1,856
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$29,501
Up $1,000
$28,733 350 470
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,900
Up $348
539 779
By |Car News, COE|Comments Off on COE Results October 2018, 2nd Tender

COE Results October 2018, 1st Tender

October 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$28,457
Up $457
$30,284 1,668 2,059
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,301
Down $6
$32,279 1,271 1,886
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$28,501
Up $1,397
$29,397 342 522
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,552
Up $552
561 1,066
By |Car News, COE|Comments Off on COE Results October 2018, 1st Tender

COE Results September 2018, 2nd Tender

September 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$28,000
Down $2,209
$30,284 1,664 2,059
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,307
Down $694
$32,279 1,278 1,859
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$27,104
Up $103
$29,397 542 921
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,000
Up $199
530 928
By |Car News, COE|Comments Off on COE Results September 2018, 2nd Tender

COE Results September 2018, 1st Tender

September 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$30,209
Down $1,788
$32,339 1,664 2,488
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,001
Down $428
$33,377 1,274 1,959
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$27,001
Down $2,901
$30,696 386 612
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,801
Down $510
540 1,006
By |Car News, COE|Comments Off on COE Results September 2018, 1st Tender

COE Results August 2018, 2nd Tender

August 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,997
Down $1,801
$32,339 1,695 2,948
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,429
Down $1,952
$33,377 1,272 2,031
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$29,902
Down $487
$30,696 409 635
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,311
Down $1,109
527 927
By |Car News, COE|Comments Off on COE Results August 2018, 2nd Tender

COE Results August 2018, 1st Tender

August 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$33,798
Up $1,099
$34,197 1,672 3,633
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$34,381
Up $1,830
$34,991 1,265 2,132
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$30,389
Down $500
$31,163 379 549
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$33,420
Up $611
536 896
By |Car News, COE|Comments Off on COE Results August 2018, 1st Tender

COE Results July 2018, 2nd Tender

July 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,699
Up $7,699
$34,169 1,443 3,100
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,551
Up $1,551
$34,990 1,285 1,919
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$30,889
Down $203
$31,162 320 538
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,809
Up $1,808
558 1,082
By |Car News, COE|Comments Off on COE Results July 2018, 2nd Tender

COE premiums dropped after the full implementation of VES

Certificate of entitlement (COE) premiums have been on a falling trend since Uber exited Singapore’s market. With the absence of private-hire players bidding aggressively for COEs, premiums now reflect more accurately the real demand from car buyers.

COE prices continued to fall in the first round of bidding since VES has been implemented, with premiums ending at their lowest in as long as 8 years in the latest bidding result (4th July 2018). Category A (cars up to 1.600cc and 130bhp) premium fell the most by 24.5% to $25,000. While Category B (cars above 1,600cc or 130 bhp) dropped by 7.8% to $31,000. Premiums for Category E (any vehicle except motorcycles) dipped by 9.9% to $31,001. All the 3 premiums ended at their lowest since March 2010.

The fall might be the result of the new VES ruling which went into full effect on 1st July 2018. The new emission rule measures the level of tailpipe pollutants new car produces. It factors in particulate matter on top of carbon dioxide, carbon monoxide, hydrocarbons and nitrogen oxides. The amount of rebate/surcharge given is determined by the worst performing pollutant. Many petrol cars are now subjected to additional surcharge. This result in many people holding back on new car purchase, resulting in lesser competition in COE bidding, hence a fall in COE premium.

Take advantage of the low COE premiums (especially for CAT A cars) and get your dream car today. Speed credit provide one of the most competitive car loan packages with established banks and financial institutions in Singapore. We provide interest rates as low as 1.68% for used car loans and 2.48% for new car loans. We also provide insurance quote for new/used car.

Drop us an enquiry here or get a non-obligatory insurance quote here.

Alternatively, call our hotline at 6444 4400 to enquire.

By |Car Loan Tips, Car News, COE|Comments Off on COE premiums dropped after the full implementation of VES

COE Results July 2018, 1st Tender

July 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$25,000
Down $9,110
$ 1,435 1,626
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,000
Down $2,900
$ 1,288 1,637
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,092
Down $909
$ 313 535
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,001
Down $3,399
591 975
By |Car News, COE|Comments Off on COE Results July 2018, 1st Tender

COE Results June 2018, 2nd Tender

June 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$34,110
Down $2,316
$37,165 1,446 1,818
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$33,900
Down $2,100
$36,888 1,316 1,729
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,001
Up $2,099
$32,200 308 548
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$34,400
Down $2,600
581 868
By |Car News, COE|Comments Off on COE Results June 2018, 2nd Tender

COE Results June 2018, 1st Tender

June 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$36,426
Down $1,575
$38,214 1,441 1,696
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$36,000
Down $1,989
$37,906 1,293 1,727
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$29,902
Up $1
$33,717 425 685
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$37,000
Down $1,700
559 927
By |Car News, COE|Comments Off on COE Results June 2018, 1st Tender