Executive Summary
The June 2026 Certificate of Entitlement (COE) bidding exercises concluded with a noticeable softening in premiums across most major vehicle categories. After a highly competitive first round that saw prices for Category A and B hovering at similar levels, the second exercise brought relief with significant price corrections, particularly for larger cars.
First Bidding Exercise Results
| Vehicle Class | Quota | Bids Received | Bids Success | Premium (SGD) | Over-subscription % |
|---|---|---|---|---|---|
| Category A | 1,246 | 2,076 | 1,241 | $126,009 | 166.6% |
| Category B | 889 | 1,300 | 889 | $126,989 | 146.2% |
| Category C | 293 | 453 | 287 | $94,000 | 154.6% |
| Category D | 526 | 594 | 522 | $10,000 | 112.9% |
| Category E | 261 | 497 | 238 | $129,000 | 190.4% |
Second Bidding Exercise Results
| Vehicle Class | Quota | Bids Received | Bids Success | Premium (SGD) | Over-subscription % |
|---|---|---|---|---|---|
| Category A | 1,251 | 1,768 | 1,245 | $123,847 | 141.3% |
| Category B | 883 | 1,202 | 879 | $123,502 | 136.1% |
| Category C | 291 | 390 | 280 | $93,001 | 134.0% |
| Category D | 532 | 615 | 494 | $9,989 | 115.6% |
| Category E | 262 | 487 | 254 | $129,002 | 185.9% |
Detailed Analysis
Bidding Competition
The first bidding round in June 2026 was marked by intense competition, especially in Category E (Open Category), which saw an over-subscription rate of 190.4%. Category A also faced high pressure with 1.66 bids for every available certificate. However, demand significantly cooled by the second round. Category A over-subscription dropped to 141.3%, while Category B fell to 136.1%, suggesting that the immediate backlog of orders from previous months may be clearing.
Premium Movements
The most significant movement occurred in Category B (larger cars), where premiums fell by $3,487 (2.7%) to end the month at $123,502. Category A premiums followed suit, dropping by $2,162 (1.7%) to $123,847. Interestingly, Category B ended the month slightly cheaper than Category A, a rare occurrence that highlights the volatility in current market demand. Category E remained the most resilient, increasing by a nominal $2 to stay at $129,002.
Category Performance
Category C (Commercial) saw a modest decrease of $999, maintaining a relatively high price floor of $93,001. Meanwhile, Category D (Motorcycles) remained remarkably stable, with a negligible $11 drop, holding firm just under the $10,000 mark. The overall trend indicates a stabilized market after previous months of volatility, though prices remain high by historical standards.
What This Means for Car Buyers
For Category A buyers, the downward trend is a positive signal. The reduction in over-subscription suggests that the frenzy of bidding is subsiding, which may lead to further stabilization in the coming months. If you are looking for a mass-market car, monitoring the next exercise for a continued dip would be wise.
Category B buyers should note that premiums are currently lower than Category A, making larger or more powerful cars relatively better value for money this month. The $3,487 drop in the second round suggests that dealers may have reduced their aggressive bidding as mid-year sales targets were met.
Commercial vehicle and motorcycle buyers face a stagnant market. Prices are not showing significant downward momentum, suggesting that demand is matching supply perfectly. For those in these categories, timing is less critical than for private car buyers at this stage.