Prices saw a significant increase across all categories in the second Certificate of Entitlement (COE) bidding exercise for March 2025, following a similar trend observed in the first bidding exercise earlier this month.
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 up by $1,772 to end the bidding exercise at $94,502.
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 $3,890 to end at $116,890.
Cat C, which are for goods vehicles and buses, saw prices went up by $3,088 to end the bidding exercise at $70,089.
Cat D, which are reserved for motorcycles, went up by $310 to close at $9,511.
Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go up by $4,090 to finish the exercise at $116,991.
Here’s a summary of the second COE bidding exercise for March 2025:
| Category | Current COE | Previous COE | Difference | PQP* |
| A | $94,502 | $92,730 | +$1,772 | $92,525 (Mar) $92,064 (Apr) |
| B | $116,890 | $113,000 | +$3,890 | $111,807 (Mar) $114,787 (Apr) |
| C | $70,089 | $67,001 | +$3,088 | $66,874 (Mar) $66,359 (Apr) |
| D | $9,511 | $9,201 | +$310 | $8,344 (Mar) $8,753 (Apr) |
| E | $116,991 | $112,901 | +$4,090 | 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.
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