Certificate of Entitlement (COE) premiums for most categories saw an increase in the second bidding exercise for December 2024, with Cat B and E seeing a rebound following four consecutive rounds of declines.
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 $2,000 to end the bidding exercise at $96,000.
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 $5,990 to end at $109,000.
Cat C, which are for goods vehicles and buses, saw prices went down by $399 to end the bidding exercise at $69,890.
Cat D, which are reserved for motorcycles, went up by $503 to close at $8,381.
Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go up by $4,991 to finish the exercise at $108,992.
Here's a summary of the second COE bidding exercise for December 2024:
| Category | Current COE | Previous COE | Difference | PQP* |
| A | $96,000 | $94,000 | +$2,000 | $98,582 (Dec) $97,747 (Jan) |
| B | $109,000 | $103,010 | +$5,990 | $109,880 (Dec) $109,164 (Jan) |
| C | $69,890 | $70,289 | -$399 | $72,215 (Dec) $70,912 (Jan) |
| D | $8,381 | $7,878 | +$503 | $9,509 (Dec) $8,935 (Jan) |
| E | $108,992 | $104,001 | +$4,991 | 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.
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