COE premiums for smaller cars and motorcycles fall as prices for larger cars rise to $105,000, Lifestyle News

In the second COE bidding exercise in May 2024, category A closed at $92,700; Cat B closed at $105,689; Cat C closed at $72,001; Cat D closed at $9,311; while Cat E closed at $105,002.

Cat A (car up to 1,600 cc and 130 HP, and electric vehicle up to 110 kW) received 1,444 offers for 983 COE and its premium was reduced by $904. Category A COE closed at $92,700.

Cat B (car with more than 1,600 cc or 130 HP and electric vehicle with more than 110 kW) received 1,099 bids for 658 COE and its premium increased by only $687. The category B COE closed at $105,689.

Cat C (goods vehicles and buses) received 382 bids for 207 COEs and its premium increased by exactly $2,000. The category C COE closed at $72,001.

Cat D (motorcycle) received 604 bids for 526 COE and its premium decreased by only $192. Category D COE closed at $9,311.

Lastly, Cat E (all vehicles except motorcycles) received 295 bids for 178 COEs and increased only $313. Category E COE closed at $105,002.

Jason Lim, CEO of authorized BMW agent Eurokars Auto, told Motorist: “Premiums remain relatively stable. For our part, we still see relatively stable demand for new BMW Eurokars. Stability is good for the market, because “There are no disturbances.” “School holidays are coming up, but they don’t really affect consumer demand if both the price and promotion are right.”

Below is a summary of the second COE bidding exercise for May 2024:









Category

Current COE

Previous COE

Difference

PQP

A: car up to 1600 cc and 130 HP, and electric vehicle up to 110 kW $92,700

$93,604

– $904

$78,482
(April 2024)
$84,550
(May 2024)
B: car over 1600 cc or 130 HP and electric vehicle over 110 kW $105,689

$105,002


+ $687

$98,062
(April 2024)
$99,116
(May 2024)
C – goods vehicle and bus $72,001

$70,001

+ $2,000

$71,053
(April 2024)
$71,120
(May 2024)
D-motorcycle $9,311

$9,503

– $192

$9,286
(April 2024)
$9,547
(May 2024)
E – all vehicles except motorcycles $105,002

$104,689

+ $313

Does not apply

READ ALSO: COE premiums end up mixed and prices of smaller cars and motorcycles fall

This article was first published in Motorista.