The first COE bidding of February 2025 has just closed, and prices have taken a noticeable dip across all categories. If you're thinking of buying or selling a car, here's what you need to know about the latest COE trends and what to expect in the upcoming bidding.
February 2025 1st Bidding vs January 2025 2nd Bidding
Category | January 2nd Bidding | February 1st Bidding | Change |
CAT A (Cars ≤1600cc & 130bhp) | $93,601 | $85,000 | ▼ $8,601 |
CAT B (Cars >1600cc or 130bhp) | $116,625 | $111,104 | ▼ $5,521 |
CAT C (Goods Vehicles & Buses) | $65,476 | $62,506 | ▼ $2,970 |
CAT E (Open Category) | $115,112 | $110,000 | ▼ $5,112 |
Key Takeaways from the Latest COE Results
CAT A sees a significant drop – At $85,000, this is the lowest price in months. If you were holding off on buying a smaller car, now could be a good time to take advantage of the dip.
CAT B and CAT E continue to decline – While prices remain above the $100k mark, they have softened, making this a better window for those considering luxury or performance cars.
Commercial vehicle COE (CAT C) follows the trend – A $2,970 dip may encourage businesses to secure new fleet vehicles before a potential rebound.
Should You Buy or Sell Your Car Now?
For Buyers: If you're eyeing a new car, this could be a golden opportunity, especially for CAT A cars. Prices may not stay this low for long, especially as demand may picks up.
For Sellers: While COE prices have dipped, demand for used cars remains steady. Selling now before further COE fluctuations could ensure you get a good resale value for your vehicle.
What to Expect in the Next Bidding
Demand could rise slightly, pushing COE prices back up.
If the downward trend continues, we may see further softening, especially in CAT A and CAT E.
Stay Updated & Predict COE Trends
Follow COE trends closely to time your purchase or sale effectively.
Consider factors like car demand, economic conditions, and upcoming regulations.
Get a free car valuation to see how much your car is worth in the current market.
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