The second COE bidding exercise for February 2025 has concluded, bringing some interesting changes to the market. As we approach the end of the first quarter of the year, let’s analyze the latest trends, compare them with the previous bidding, and discuss whether it’s a good time to buy or sell your car.
COE Results Comparison: February 1st vs. February 2nd Bidding
Category | February 1st Bidding | February 2nd Bidding | Change |
CAT A (Cars up to 1600cc & 130bhp) | $85,000 | $92,850 | ⬆️ $7,850 |
CAT B (Cars above 1600cc or 130bhp) | $111,104 | $109,598 | ⬇️ $1,506 |
CAT C (Goods Vehicles & Buses) | $62,506 | $65,189 | ⬆️ $2,683 |
CAT E (Open Category) | $110,000 | $110,002 | ⬆️ $2 |
Key Takeaways
CAT A saw a sharp increase – Prices surged by $7,850, bouncing back after the previous dip. This suggests a growing demand for mass-market cars.
CAT B continued to decline slightly – The category for larger and more powerful cars dipped by $1,506, signaling possible buyer hesitation.
CAT C rebounded – COE for commercial vehicles went up by $2,683, showing some renewed demand in the logistics and business sectors.
CAT E remained stable – A minor increase of $2 shows that the open category COE is holding steady.
Should You Buy or Sell a Car Now?
For Sellers: If you own a CAT A vehicle, this is a good time to sell while demand is high and COE prices have rebounded. The rising trend could attract buyers looking to secure their cars before another potential increase.
For Buyers: With CAT A prices climbing, securing a car now might be wise before further increases. However, CAT B is seeing a slight dip, meaning potential buyers of larger vehicles could wait and observe the trend in the next bidding.
What to Expect in the Next Bidding
CAT A might continue to rise if demand remains strong, especially from first-time car buyers.
CAT B could stabilize or decrease slightly as the luxury car market remains cautious.
CAT C may see further fluctuations depending on demand from businesses and fleet buyers.
CAT E could remain steady with minor adjustments, depending on overall market trends.
Tips to Stay Updated & Predict the Trend
Follow COE trends closely – Monitor price movements from each bidding session to spot patterns.
Check vehicle demand – New model launches and promotions from dealers can impact COE prices.
Stay updated with industry news – Economic factors, government policies, and fuel prices can influence COE bidding behavior.
Get a free car valuation – If you’re considering selling, know your car’s worth in today’s market.
Final Thoughts
The latest COE results indicate a mix of recovery and stability across categories. If you’re thinking about selling your car, this could be an ideal time, especially for CAT A owners. For buyers, it’s best to act strategically based on category-specific trends.
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