COE Price Trends

Interactive charts from 1999 to present. Toggle categories and time ranges.

Data sourced from LTA · Updated after each bidding round

View data as table
COE price trend data — latest round (01 Apr 2026)
Category Quota Premium PQP Bids Received Quota Available
Cat A (Cars up to 1600cc) S$118,000 S$108,920 2 1,265
Cat B (Cars above 1600cc) S$121,000 S$115,314 1 811
Cat C (Goods Vehicles & Buses) S$80,001 S$76,358 539 295
Cat D (Motorcycles) S$10,000 S$8,860 657 534
Cat E (Open) S$121,001 S$117,970 475 245

Bid Ratio Over Time

Category Spread (A vs B)

How to Read COE Price Trends

COE prices do not move randomly — they follow patterns driven by supply, demand, and timing. The most important structural factor is the quarterly quota, which is largely determined by deregistrations. When more cars leave the road, more COEs become available, easing prices.

The bid ratio chart above is a leading indicator. When competition heats up (ratio above 2x), prices almost always rise in the following rounds. Conversely, a falling bid ratio often precedes softer prices. Pair this with the supply forecast to anticipate whether conditions are likely to improve or tighten.

The category spread (A vs B) reveals demand composition. A wide spread indicates strong appetite for larger vehicles, while a narrow spread suggests uniform market softening. For actionable signals based on all these factors combined, see the bid advisor. For historical context going back to 2002, browse the full results archive.

Frequently Asked Questions

Why are COE prices so high right now?
COE prices are driven by the balance between supply (quota) and demand. When deregistrations are low — typically 8-10 years after a period of low new registrations — the quota shrinks, pushing prices up. Other factors include economic conditions, interest rates, and seasonal demand patterns.
What is the COE price cycle?
COE prices tend to follow a roughly 10-year cycle tied to the vehicle lifespan. Waves of cars registered during high-COE periods deregister together a decade later, temporarily boosting supply and softening prices. Understanding where we are in the cycle helps set expectations.
What does the bid ratio tell me?
The bid ratio is the number of bids received divided by the number of COEs available. A ratio above 2.0 means strong competition (more than 2 bidders per certificate), which typically pushes prices up. Below 1.5 indicates weaker demand. Track it on the chart above alongside price trends.
What is the Category A vs B spread?
The spread is the price difference between Cat B (cars above 1,600cc/97kW) and Cat A (at or below). A widening spread signals stronger demand for larger or luxury vehicles. A narrowing spread suggests the market is cooling uniformly. Use Compare Categories for a deeper analysis.

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