May 1st COE Bidding Results 2025: Cat A Hits 7-Month High at $103,009

Overview of COE Results – 7 May 2025

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The first Certificate of Entitlement (COE) bidding exercise for May 2025 closed with sharp increases across key categories — most notably in Category A, which surged to $103,009, its highest point since September 2023. This comes just two weeks after the conclusion of Singapore’s General Election, where post-GE confidence appears to have reignited buying interest.

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Here’s a breakdown of where each category landed this round:

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• Category A (Cars ≤1600cc & 97kW): $103,009 (↑ $3,509)
• Category B (Cars >1600cc or 97kW): $119,890 (↑ $2,887)
• Category C (Goods Vehicles & Buses): $62,590 (↓ $2,411)
• Category D (Motorcycles): $8,709 (↓ $600)
• Category E (Open Category): $118,889 (↑ $888)

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Category A’s movement past the $100K mark is a strong signal of renewed demand in the small-to-mid segment market, while the increases in Cat B and E suggest buyers are moving quickly to secure registrations before premiums rise further. On the other end, Categories C and D experienced dips, possibly due to fleet procurement slowdowns or timing adjustments in the commercial and motorcycle segments.

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What’s Driving the Price Movements?

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The latest results appear to be influenced by a mix of post-election sentiment and ongoing buyer momentum. Following Singapore’s General Election in April, market confidence seems to have returned quickly - with more aggressive bidding across Cat A, B, and E compared to the previous round.

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According to analysts, this uptick could be attributed to several factors:

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• Renewed consumer certainty post-GE2025, as buyers who had been holding back now proceed with delayed vehicle purchases.
• Dealers responding with stronger push activity, locking in orders from showroom traffic that increased in the weeks following the election.
• Buyers anticipating future quota tightening, choosing to secure COEs now before potential mid-year adjustments or price spikes.

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On the flip side, Categories C and D experienced softer demand. Cat C, which caters to commercial vehicles and fleet operators, saw a $2,411 drop — suggesting that business owners may be pacing their replacements or waiting for further stability in operating costs.

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PQP for May 2025 – What It Means for Renewals

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The Prevailing Quota Premium (PQP) for May 2025 reflects recent COE price volatility, and will directly impact car owners considering a COE renewal instead of buying a new vehicle.

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Here are the updated PQP figures for the month:

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• Cat A: $93,718 (↑ $1,654)
• Cat B: $114,249 (↓ $538)
• Cat C: $66,428 (↑ $69)
• Cat D: $9,165 (↑ $412)

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For Cat A owners, the increase is unsurprising given the sharp uptick in recent COE bids. While it’s still under the current bidding price, it may continue to rise if the next few rounds maintain similar momentum.

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Cat B owners enjoy a slight drop in PQP - a rare window for renewal at a lower rate than previous months. If your COE is due soon, this may be a good opportunity to act.

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For commercial vehicle owners (Cat C), the PQP remains relatively stable, while motorcycle owners (Cat D) should expect a moderate increase.

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COE Trends to Watch This Month

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With the May 1st bidding exercise setting a strong tone, several trends are worth watching in the coming weeks.

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1. Cat A crossing $100K could fuel FOMO-driven bidding.

This psychological threshold often triggers a wave of urgency among buyers who have been on the fence — especially for popular mass-market models. If bidding activity stays elevated, we may see premiums stabilise just above this level, or rise further if supply tightens.

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2. Cat B and Cat E remain closely aligned.

Category B and the Open Category are now just $1,000 apart. This often signals strong dealer activity, especially from those looking to buffer inventory or register higher-end vehicles more flexibly.

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3. Post-GE showroom activity remains a key variable.

If footfall continues to stay strong in showrooms - especially with mid-year promotions and new model launches, COE premiums may hold or trend upward in the next few bidding rounds.

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4. Commercial and motorcycle segments may stabilise.

The drop in Cat C and D could either continue if demand remains soft, or bounce slightly if fleet owners or riders re-enter the market later this month.

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Stay Ahead with BCC Automotive

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As COE prices continue to move, the smartest decision is to stay informed and maintain your vehicle properly, whether you're planning to renew, sell, or keep it running long into its next COE cycle.

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At BCC Automotive, we’ve spent the past 50 years helping car owners navigate every kind of market, from price spikes to quota cuts - by doing what we do best: keeping your vehicle in peak condition.

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From full diagnostics to routine servicing and pre-purchase inspections, we make sure you’re not just reacting to the market, but staying ahead of it.

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Check out our recent guide on which engine oil to use for your vehicle