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February 2026 2nd COE Bidding Results – Post-CNY Cooling or Start of a New Trend?

The latest Certificate of Entitlement (COE) results released by the Land Transport Authority for February 2026 2nd bidding are out — and the numbers show a continued softening trend in several key categories.

With Chinese New Year just concluded, many buyers and dealers are watching closely: is this the typical post-festive slowdown, or are we entering a more sustained correction phase?

Let’s break down the numbers.



COE Price Comparison (February 2026)

Category

February 1st Bidding

February 2nd Bidding

Difference

CAT A

$106,320

$106,501

⬆ +$181

CAT B

$110,890

$105,001

⬇ -$5,889

CAT C

$74,801

$74,999

⬆ +$198

CAT E

$116,000

$112,890

⬇ -$3,110

Key Observations

CAT B & CAT E Continue to Drop

  • CAT B fell significantly by $5,889

  • CAT E dropped by $3,110

These are meaningful corrections, especially after the stronger price levels seen in January.

CAT A & CAT C Remain Stable

  • CAT A increased marginally by $181

  • CAT C rose slightly by $198

This suggests that demand in the mass-market segment remains relatively resilient, even after CNY.


Comparing January 2nd → February 1st → February 2nd

Looking at the broader trend:

  • CAT B: $121,634 → $110,890 → $105,001

  • CAT E: $120,891 → $116,000 → $112,890

We are seeing two consecutive bidding exercises of decline for higher-capacity and open-category COEs.

This indicates:

  • Cooling demand after pre-CNY purchases

  • Possible market fatigue at higher price levels

  • Buyers becoming more price-sensitive


Should You Buy or Sell Now?

For Buyers

With CAT B and CAT E softening for two consecutive rounds, this could be:

✔ A window of opportunity

✔ A post-CNY market reset

✔ A chance to negotiate better package deals

Luxury and higher-capacity vehicles may now come with slightly more room for negotiation compared to January’s peak.

If you have been holding back due to high COE levels earlier this year, this may be the moment to re-enter the market before prices stabilise again.


For Sellers

Even though COE prices have dipped from January’s highs, values remain relatively strong compared to late 2025 levels.

Important points:

  • Market demand is still active.

  • Dealers need stock post-CNY.

  • Buyers who delayed purchases in January may return now.

If your vehicle was registered between 2021–2024, you are still in a favourable position in terms of depreciation structure and remaining COE value.

The key is timing and proper valuation.


What to Expect in the Next Bidding?

Historically, post-Chinese New Year periods often show:

  1. Short-term softening

  2. Stabilisation phase

  3. Gradual rebound if demand returns

Key factors to monitor:

  • Quota supply adjustments

  • Dealer inventory levels

  • Economic sentiment

  • Loan interest rate environment

If demand picks up in March, we could see CAT B and CAT E stabilise or rebound slightly.


How to Stay Updated & Predict COE Trends

To stay ahead:

  1. Track 3 Consecutive Biddings

Look for patterns across at least three exercises — not just one spike or drop.

  1. Watch CAT B & CAT E

These categories usually reflect overall market sentiment and purchasing power trends.

  1. Monitor Seasonal Effects

CNY, year-end bonuses, and mid-year promotions all affect bidding behaviour.

  1. Get Regular Valuations

Even if you are not selling immediately, understanding your car’s market value helps you act quickly when timing is right. Get FREE car valuation now!


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