The latest COE results for December 2024’s 1st bidding round have been released, and the numbers are showing some interesting shifts compared to November 2024’s 2nd bidding. If you're considering whether now is the right time to buy or sell your car, let’s dive into the details and explore what’s ahead.
December 2024 1st Bidding Results vs November 2024 2nd Bidding
Category | November 2nd | December 1st | Change |
CAT A | $89,889 | $94,000 | +$4,111 |
CAT B | $105,081 | $103,010 | -$2,071 |
CAT C | $69,000 | $70,289 | +$1,289 |
CAT E | $107,501 | $104,001 | -$3,500 |
Key Observations
CAT A (Small Cars): Prices bounced back with a $4,111 increase, signaling renewed interest in smaller vehicles. This could reflect higher demand after last month’s significant dip.
CAT B (Large Cars): Prices saw a slight decrease of $2,071, providing an opportunity for buyers looking at larger or luxury models.
CAT C (Commercial Vehicles): A modest increase of $1,289 shows some stability in this category, which remains accessible for businesses.
CAT E (Open Category): Prices dropped by $3,500, making it slightly more attractive for those considering flexible vehicle options.
Should You Buy or Sell?
Thinking of Selling?With CAT A prices recovering and CAT E showing signs of softening, this could be a good time to sell if you own a small or premium car. Buyers may act quickly to secure their ideal vehicles before prices rise again.
Considering Buying?If you’ve been eyeing a large car or commercial vehicle, the current dip in CAT B and moderate increase in CAT C could be in your favor. For open category buyers, now might be a strategic time to act while prices remain relatively low.
What to Expect in the Next Bidding?
Stable Demand in CAT A: With the holiday season approaching, smaller cars may continue to see steady interest, potentially pushing prices higher.
Pressure on CAT B and E: Prices might stabilize or increase slightly as buyers look to secure deals before the year ends.
Commercial Vehicles (CAT C): Expect gradual increases as businesses prepare for the new year.
Tips to Stay Updated and Predict Trends
Track COE Results Regularly: Keep an eye on every bidding session to spot emerging trends.
Follow Market News: Industry updates often give clues about factors like demand, supply, or policy changes.
Consult Experts: Engage with trusted dealers for insights tailored to your needs.
Use Free Tools: Check your car’s valuation to understand how changing COE prices impact its worth.
Check Your Car’s Value Today!
Whether you’re planning to sell or upgrade, knowing your car’s worth is key to making informed decisions. Get a FREE car valuation with us now – it’s fast, easy, and completely no-obligation.
Stay ahead of the market with our regular updates and expert advice. Happy driving! Check out for more updated car tips and informations on our social media:
Instagram: www.instagram.com/sgcardeals
LinkedIn: www.linkedin.com/company/sgcardeals
Facebook: www.facebook.com/sgcardeals
TikTok: www.tiktok.com/@sgcardeals
Comments