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COE Results Before CNY for January 2025 2nd Bidding: What Do They Mean for You?

Writer's picture: Marketing SGCDMarketing SGCD

The results for the January 2025 2nd COE bidding are in, and they reflect some significant market movements. As we approach Chinese New Year (CNY) 2025, this might be the perfect time to upgrade your car for the festive season. Let’s dive into the latest COE results, how they compare to the previous bidding, and what this means for car buyers and sellers.



January 2025 COE Results Overview

Category

January 1st Bidding

January 2nd Bidding

Change

CAT A (Small Cars)

$93,699

$93,601

-$98 (↓ 0.1%)

CAT B (Large Cars)

$121,501

$116,625

-$4,876 (↓ 4%)

CAT C (Goods Vehicles)

$67,891

$65,476

-$2,415 (↓ 3.6%)

CAT E (Open Category)

$123,000

$115,112

-$7,888 (↓ 6.4%)


Key Insights

  1. CAT A (Small Cars):CAT A prices have remained relatively stable, dipping slightly by just $98. This consistency indicates a balanced demand for small cars, making it a safe choice for buyers looking for affordability and stability.

  2. CAT B (Large Cars):After a surge in the previous bidding, CAT B prices have dropped by $4,876. This slight correction could signal an opportunity for those considering luxury or large cars to act before prices stabilize or rebound.

  3. CAT C (Goods Vehicles):Commercial vehicle COE prices saw a significant dip of $2,415, making this a great time for businesses to consider upgrading their fleets or purchasing new goods vehicles.

  4. CAT E (Open Category):CAT E prices fell sharply by $7,888. The Open Category often reflects overall market trends, and this dip could attract buyers who are flexible in their car options.


Should You Buy or Sell Your Car Now?

  • For Sellers:While CAT B and CAT E prices have dipped, they are still relatively high compared to historical averages. This means that owners of luxury or large cars can still fetch attractive resale prices. If you’re considering selling, now is the time to act before the market potentially cools further.

  • For Buyers:The recent dips across all categories, especially CAT B and CAT E, make this a favorable time to purchase a car. With Chinese New Year just around the corner, upgrading your car now ensures you’ll be driving into the festive season in style.


What to Expect in the Next Bidding

  1. Stabilization:CAT A is likely to remain stable, as demand for small cars continues to balance out.

  2. Volatility in CAT B and E:Prices in CAT B and CAT E could fluctuate depending on demand for luxury cars and overall market activity. Buyers might see another slight correction, but sellers should remain cautious as prices could stabilize.

  3. Commercial Vehicle Opportunities:Businesses looking to expand or refresh their fleets may find further dips in CAT C prices, making it an ideal time to act.


Tips to Stay Ahead of COE Trends

  • Monitor the Market:Stay updated with the latest COE results to anticipate trends and make informed decisions.

  • Plan Around Festive Seasons:Demand typically increases before major holidays like Chinese New Year, so timing your decision around these periods can be beneficial.

  • Work with Experts:Leverage trusted platforms for car valuation, sales, and purchases to get the best value for your car.


Upgrade Your Ride This Chinese New Year!

There’s no better time to make the switch. Whether you’re selling your car for a great price or upgrading to a new ride for the festive season, take advantage of the current COE trends.


Start with a FREE car valuation today and see how much your car is worth in this market.

SGCARDEALS – Your Trusted Partner in Singapore’s Car Market. Let us help you make the most of the current COE trends. Drive into Chinese New Year 2025 in style!

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