COE Trends in 2015, 2016 and Forecast

2017 Update: Check our 2017 COE Trend Prediction page for the latest COE trends and forecast.


Bidding Terms CAT A- Cars up to 1,600cc & 97KW Cat B- Cars above 1,600cc or 97KW Cat C- Goods Vehicle & Bus Cat E – Open
September 2016
(Rnd 2)
$50,000 $55,501 $49,890 $55,201
September 2016
(Rnd 1)
$51,506 $57,002 $49,801 $56,889
August 2016
(Rnd 2)
$53,334 $56,500 $48,001 $56,956
August 2016
(Rnd 1)
$52,503 $57,903 $48,302 $58,201
July 2016
(Rnd 2)
$53,000 $57,508 $49,890 $57,507
July 2016
(Rnd 1)
$52,301 $56,089 $47,889 $56,002
June 2016
(Rnd 2)
$55,200 $57,010 $48,002 $57,390
June 2016
(Rnd 1)
$53,694 $56,000 $46,434 $55,100
May 2016
(Rnd 2)
$47,020 $49,156 $43,002 $49,700
May 2016
(Rnd 1)
$47,889 $51,010 $42,302 $49,000
Apr 2016
(Rnd 2)
$47,300 $49,602 $43,002 $49,501
Apr 2016
(Rnd 1)
$46,009 $47,000 $44,213 $47,510
Mar 2016
(Rnd 2)
$45,504 $46,502 $46,502 $46,667
Mar 2016
(Rnd 1)
$45,000 $47,604 $48,890 $48,002
Feb 2016
(Rnd 2)
$43,000 $46,970 $45,001 $45,009
Feb 2016
(Rnd 1)
$46,651 $38,610 $45,036 $44,001
Jan 2016
(Rnd 2)
$51,301 $50,089 $46,502 $51,000
Jan 2016
(Rnd 1)
$45,002 $54,920 $42,036 $55,089
Dec 2015
(Rnd 2)
$54,301 $55,001 $46,001 $57,501
Dec 2015
(Rnd 1)
$56,989 $60,001 $48,101 $60,003

COE Price History (Dec 2015 to May 2016)

The price for Category A COE (for cars with engines smaller than 1.6 litres (1,600cc) and less powerful than 97KW) has dropped S$6,412 to S$47,889. The Cat A COE remains volatile though showing a downward trend. The cheapest Cat A COE was recorded in Feb 2016 (Round 1) at $43,000. Mar 2016 (Round 1) at $45,000, was the second cheapest in comparison to nearly five years ago, in May 2011.

The price for a Category B COE (for cars with engines bigger than 1.6 litres, or more powerful than 97KW) fell to S$51,010. That made it just $3,991 less than what it cost in December 2015, a major drop in price compared to Jan 2016, when the price difference was a mere $81. February 2016 (Round 1) saw an unprecedented COE price for Category B when the figure fell to a record-breaking $38,610.

COE Predictions for 2016

The Land Transport Authority as well as Industry Experts are expecting a COE price drop in 2016.

How is COE price determined? Mainly on how many cars are de-registered (and either scrapped or re-exported thereafter). When one car leaves the road for good, it is a fresh COE made available for a new car to take its place.

According to figures released by the LTA, more than 100,000 cars will turn 10 years old, the age at which an owner has to decide whether to deregister it or renew its COE.

COE Supply From May to July 2016

Group Average monthly quota % Change
Cars up to 1,600cc & 97KW 4,433 +9.3
Cars above 1,600cc or 97KW 2,924 +21
Commercial Vehicles 456 +40.7
Open 1,027 +15.1
Total 9,634 +14.6

Source: Land Transport Authority
https://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/COEQuotaAllocationRV.pdf)

Watching the COE trend, the second quarter of 2016 could see COE prices cradled between the $40,000 to $45,000.

One reason for prices to gradually ease compared to last year, is that the COE quota is set to grow, according to industry experts.

Should the vast majority to choose de-registration that should ensure a healthy COE supply in 2016.

This is good news for someone like you who is contemplating on renewing your COE. This means that you can look forward to a brief era of falling COE prices. Therefore, you can expect your car renewal loan to be lesser this year than in 2015.

What better reason to arrange for COE renewal loan? Get a better understanding of COE quotas & premiums first.

Call us for a FREE COE Renewal consultation at +65 6444 4400.

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