top of page
Search
Writer's pictureMarketing SGCD
3 days ago2 min read

Latest COE Results: January 2025 1st Bidding – Is It Time to Buy or Sell?

The new year has kicked off with dramatic shifts in COE prices, and the results of January 2025’s 1st bidding are finally in. Here’s a breakdown of the latest trends, how they compare to December 2024’s 2nd bidding, and insights on whether it’s the right time to buy or sell your car.



COE Results Comparison: December 2nd vs. January 1st Bidding

Category

December 2nd Bidding

January 1st Bidding

Change

CAT A

$96,000

$93,699

-$2,301

CAT B

$109,000

$121,501

+$12,501

CAT C

$69,890

$67,891

-$1,999

CAT E

$108,992

$123,000

+$14,008

What Do These Changes Mean?

For Sellers:

  • CAT B (Large Cars): The surge to $121,501 (+$12,501) makes this an excellent time to sell your large car. Higher COE prices mean your car’s resale value increases as buyers look to save on upfront COE costs.

  • CAT E (Open Category): CAT E also saw a significant jump to $123,000 (+$14,008). If your car qualifies for this category, selling now could yield top value.

For Buyers:

  • CAT A (Small Cars): Prices dipped slightly to $93,699 (-$2,301). If you’ve been waiting to buy a small car, this could be a good opportunity.

  • CAT C (Commercial Vehicles): A decrease to $67,891 (-$1,999) makes it a favourable time for businesses to invest in commercial vehicles.


What to Expect in the Next Bidding

  1. Demand for CAT B & E May Persist: The sharp increase in CAT B and CAT E prices indicates strong demand for luxury and large cars. Expect these categories to remain competitive.

  2. Potential Stability in CAT A: Small car prices may stabilise further, presenting consistent opportunities for buyers.

  3. CAT C Likely to Hold: With minimal fluctuations, commercial vehicle COEs should remain steady.


Tips to Stay Updated and Predict Trends

  1. Monitor Recent Bidding Patterns: Keep track of results every two weeks to identify price trends.

  2. Understand Economic Factors: Interest rate changes and policy updates can impact demand.

  3. Get Professional Insights: Work with trusted dealers who can help you navigate the market.


Thinking of Selling Your Car?

With the spike in CAT B and CAT E prices, there’s never been a better time to sell your car. Start with a FREE car valuation to find out how much your car is worth in today’s market.

As COE prices fluctuate, smart decisions can help you make the most of the market. Whether you’re buying or selling, staying informed is key!

Stay tuned for more updates and tips in the coming weeks.


Check out for more updated car tips and informations on our social media:

6 views0 comments

ความคิดเห็น

bottom of page