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Certificate of Entitlement (COE) premiums saw decreases across the board in the second bidding exercise for January 2025, with the largest drop of almost $8,000 coming in Cat E.
Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp, as well as electric cars with a power output of up to 110kW, went down by $98 to end the bidding exercise at $93,601.
Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw premiums go down by $4,876 to end at $116,625.
Cat C, which are for goods vehicles and buses, saw prices go down by $2,415 to end the bidding exercise at $65,476.
Cat D, which are reserved for motorcycles, went down by $1,280 to close at $7,721.
Finally, Cat E, which is open to all vehicles except motorcycles, experienced the largest drop this round, with premiums going down by $7,888 to finish the exercise at $115,112.
Here's a summary of the second COE bidding exercise for January 2025:
| Category | Current COE | Previous COE | Difference | PQP* |
| A | $93,601 | $93,699 | -$98 | $97,747 (Jan) $94,513 (Feb) |
| B | $116,625 | $121,501 | -$4,876 | $109,164 (Jan) $110,537 (Feb) |
| C | $65,476 | $67,891 | -$2,415 | $70,912 (Jan) $68,481 (Feb) |
| D | $7,721 | $9,001 | -$1,280 | $8,935 (Jan) $8,457 (Feb) |
| E | $115,112 | $123,000 | -$7,888 | Not applicable |
*PQP, or Prevailing Quota Premium, is the moving average of COE prices in the last 3 months, and denotes the amount payable in order to renew a car's COE at the end of its tenure.