The second COE bidding for February 2025 has concluded, showing increases across most categories, except for Category B (luxury cars), which saw a slight dip. This trend suggests strong demand for vehicles despite the fluctuating quota. Let’s break down the latest COE results and what they mean for potential car buyers in Singapore.
Table of Contents for February 2025 2nd COE Bidding
February 2025 – 2nd COE Bidding Results
Here’s how COE premiums changed compared to the 1st bidding round of February:
Category A (Cars ≤ 1600cc & 130bhp or 110kW)
- New Price: $92,850
- Change: Increased by $7,850
- Trend: Strong rebound after a previous decline, indicating higher demand for mass-market cars.
Category B (Cars > 1600cc or 130bhp, or 110kW)
- New Price: $109,598
- Change: Decreased by $1,506
- Trend: Slight dip, possibly due to a minor increase in quota, leading to some relief for luxury car buyers.
Category C (Goods Vehicle & Bus)
- New Price: $65,189
- Change: Increased by $2,683
- Trend: Prices rose despite a stable quota, reflecting consistent business demand for commercial vehicles.
Category D (Motorcycles)
- New Price: $8,791
- Change: Increased by $502
- Trend: Demand for motorcycles remains strong, keeping prices on an upward trend.
Category E (Open – All Except Motorcycles)
- New Price: $110,002
- Change: Increased by $2
- Trend: Almost unchanged, showing stable demand across vehicle types.
Key Takeaways from February 2025 COE Bidding
- Mass-market car COE (Cat A) jumps significantly – A $7,850 increase suggests demand is bouncing back.
- Luxury car COE (Cat B) sees a small decline – The only category to drop, signaling a slight ease in pricing pressure.
- Commercial vehicle COE (Cat C) rises again – Businesses are still willing to pay more, driving up costs.
- Motorcycle COE (Cat D) inches higher – A $502 increase keeps two-wheeler prices slightly elevated.
- Open category COE (Cat E) remains stable – A tiny $2 increase suggests an equilibrium in demand.
What Does This Mean for Car Buyers?
- For Budget Car Buyers: Prices for Category A cars are rising, so buying sooner rather than later might be wise.
- For Luxury Car Buyers: The slight drop in Cat B COE provides a small window of opportunity to secure a lower price.
- For Businesses: The rising Cat C COE means commercial vehicle buyers may face higher costs moving forward.
Final Thoughts
The latest COE results for February 2025 reflect strong demand in most categories, with only luxury car COEs seeing a small dip. With prices fluctuating, prospective buyers should monitor trends closely before making their purchase decisions.
Stay tuned for more COE updates.
