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Certificate of Entitlement (COE) prices mostly went up in the first bidding exercise for March 2025.
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 $120 to end the bidding exercise at $92,730.
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 going up by $3,402 to end at $113,000.
Cat C, which are for goods vehicles and buses, saw prices went up by $1,812 to end the bidding exercise at $67,001.
Cat D, which are reserved for motorcycles, went up by $410 to close at $9,201.
Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go up by $2,899 to finish the exercise at $112,901.
Here's a summary of the first COE bidding exercise for March 2025:
| Category | Current COE | Previous COE | Difference | PQP* |
| A | $92,730 | $92,850 | -$120 | $92,525 (Mar) |
| B | $113,000 | $109,598 | +$3,402 | $111,807 (Mar) |
| C | $67,001 | $65,189 | +$1,812 | $66,874 (Mar) |
| D | $9,201 | $8,791 | +$410 | $8,344 (Mar) |
| E | $112,901 | $110,002 | +$2,899 | 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.