October 2026 2nd COE Bidding Results: COE Bounces Back After Two Drops — Is Another Rise Coming?

Singapore's COE market is showing another change in direction. After falling in the previous two bidding exercises, CAT A, CAT B and CAT C have risen again in October 2026's 2nd COE bidding, while CAT E has moved lower.

This latest result suggests that the COE market may not be heading steadily downward just yet. Instead, we are seeing a pattern of rising, falling and rebounding, making it important for both car buyers and sellers to look beyond a single bidding result.

So, should you buy a car now, or is it a better time to sell? And will COE continue rising in the next bidding?

Let's take a closer look at the latest results and what they could mean for Singapore's car market.

1. October 2026 2nd COE Bidding Results

COE Category	October 1st Bidding	October 2nd Bidding	Change
CAT A	$130,001	$132,004	📈 +$2,003
CAT B	$130,100	$131,901	📈 +$1,801
CAT C	$91,889	$92,200	📈 +$311
CAT E	$137,000	$135,790	📉 −$1,210

What changed this round?

The biggest increase came from CAT A, which rose by $2,003 to $132,004. CAT B also climbed by $1,801 to $131,901.

CAT C recorded a smaller increase of $311, while CAT E moved in the opposite direction, falling by $1,210 to $135,790.

This means three categories increased, but the movement was not uniform across the market.

The key takeaway? COE has rebounded in three categories after two consecutive rounds of declines, but it is still too early to say whether a new upward trend has begun.

2. COE Trend: From Rising to Falling, Then Bouncing Back

To understand the latest results, we need to look at the movement across the recent bidding exercises.

Before October, all four categories rose in September's 1st bidding. However, they fell in September's 2nd bidding. In October's 1st bidding, CAT A, CAT B and CAT C dropped again, while CAT E remained unchanged. Now, in October's 2nd bidding, CAT A, CAT B and CAT C have rebounded, while CAT E has fallen.

The recent pattern looks like this:

• September 1st: Broad-based rise

All four COE categories increased.

• September 2nd: All categories fell

The previous round's increases were followed by a correction.

• October 1st: Further declines

CAT A, CAT B and CAT C fell again; CAT E stayed flat.

• October 2nd: Partial rebound

CAT A, CAT B and CAT C rose, while CAT E declined.

This pattern shows why predicting COE from just one result can be misleading. A decline does not necessarily mean the next round will fall, and a rebound does not automatically signal a sustained rally. The next bidding result will be important in determining whether this rebound continues or proves to be temporary.

3. Should You Buy a Car Now?

For buyers, the latest result presents a mixed picture.

CAT A and CAT B have rebounded after two consecutive declines, which may make some buyers wonder whether they should act before prices rise further.

However, one round of increases does not guarantee another increase in the next bidding exercise.

When buying now could make sense

Consider buying if:

• You've found a car that suits your needs and budget.

• The total selling price is competitive compared with similar cars.

• The depreciation and financing costs are acceptable.

• You plan to keep the car for several years and are comfortable with the purchase price.

Should you wait for another COE drop?

If you are flexible and not in a hurry, monitoring the next bidding result could help you understand whether the recent rebound is continuing.

But don't focus on COE alone. The actual price you pay also depends on the vehicle model, dealer pricing, promotions, financing and other costs.

Our advice: Compare the total car price and depreciation rather than trying to predict the exact lowest COE premium. If the deal already fits your budget, waiting for another drop may not necessarily save you money.

4. Should You Sell Your Car Now?

For sellers, the latest rebound in CAT A and CAT B could be encouraging.

Higher COE premiums can support used-car values in some circumstances, but the relationship is not automatic. Your car's actual value depends on its age, model, condition, mileage, remaining COE and current buyer demand.

With CAT A now at $132,004 and CAT B at $131,901, it may be worth checking your car's current market value rather than waiting for another bidding result.

Why get a valuation now?

• Understand your car's current value: Don't rely on COE premiums alone.

• Compare available offers: Different dealers may value the same vehicle differently.

• Plan your next car purchase: Knowing your selling price helps you calculate how much you need to top up.

• Avoid relying on predictions: COE can change direction unexpectedly.

At SGCARDEALS, you can get a FREE car valuation and explore competitive offers through our network of 300+ verified dealers.

If you're considering selling, find out what your car is worth first — then decide whether the available offer meets your expectations.

5. What Can We Expect in the Next COE Bidding?

Based on the latest results, there are three possible scenarios to watch.

Scenario 1: COE continues to rise

If bidding demand strengthens, CAT A and CAT B could rise again after their latest rebound.

This scenario becomes more convincing if both categories increase again in the next exercise, rather than just recovering temporarily.

What it means: Buyers may want to compare available deals sooner, while sellers should check whether their car's valuation has improved.

Scenario 2: COE stabilises

The latest increases could be a short-term adjustment after two rounds of declines.

If demand settles, premiums could move within a narrower range instead of rising or falling sharply.

What it means: Buyers may have more time to compare cars, while sellers can focus on their individual vehicle's market value rather than trying to time every COE movement.

Scenario 3: COE falls again

The latest rebound may not last if bidding demand weakens in the next exercise.

CAT E's decline also shows that not every category is following the same direction.

What it means: Buyers could see another opportunity if premiums fall, while sellers should monitor how their particular vehicle's valuation responds.

Our outlook

The latest results point to a partial rebound rather than a confirmed return to a sustained upward trend.

If CAT A and CAT B rise again in the next exercise, that would strengthen the case for a renewed upward movement. If they fall again, the latest increase may turn out to be temporary.

For now, it is best to prepare for continued volatility rather than assume COE will move in one direction.

6. How to Stay Updated and Predict COE Trends

You cannot know the next COE premium with certainty, but tracking a few important indicators can help you make better-informed decisions.

Tip 1: Track at least 3–4 consecutive bidding results

Avoid drawing conclusions from one result alone.

Look for a consistent pattern across several exercises:

• Repeated increases: Possible sustained upward momentum.

• Repeated declines: Possible cooling in demand.

• Alternating increases and declines: Greater volatility and no clear direction.

The current market has shown both sharp rises and corrections, so multiple results matter.

Tip 2: Monitor CAT A and CAT B separately

CAT A and CAT B are especially relevant when tracking COE for passenger cars.

In the latest exercise, CAT A rose by $2,003 and CAT B by $1,801. If both continue increasing, it could suggest stronger bidding pressure in these categories.

However, their movements can differ, so avoid assuming they will always follow the same trend.

Tip 3: Pay attention to the size of each movement

A small increase may mean something different from a sudden jump of several thousand dollars.

Compare both the direction and the size of each change. Also check whether an increase is simply recovering an earlier decline or pushing prices to a new high.

Tip 4: Follow COE quota announcements and market demand

COE supply, bidding participation and broader car-buying demand can all influence premiums.

Keep an eye on official quota announcements and reliable automotive news. These provide useful context, although they cannot predict the exact outcome of the next bidding.

Tip 5: Track your car's valuation, not just COE

If you are selling, your vehicle's market value is more directly relevant to your decision than the COE premium alone.

Get updated valuations periodically and compare offers. If you are buying, compare the total purchase price, depreciation and financing costs.

Tip 6: Set a budget before making your move

For buyers, decide on a comfortable total budget and monthly instalment before negotiating.

For sellers, decide on an acceptable selling price and what you plan to buy next.

This helps you make a decision based on your own needs instead of reacting emotionally to every COE headline.

Final Takeaway: COE Is Rebounding, but the Trend Is Not Yet Clear

The October 2026 2nd bidding results show that CAT A, CAT B and CAT C have risen again after two consecutive rounds of declines, while CAT E has fallen.

The recent pattern is:

📈 Rise → 📉 Drop → 📉 Drop → 📈 Partial rebound

For buyers, it may be worth watching the next result if you have flexibility, but don't assume prices will definitely rise or fall.

For sellers, the rebound is a good reminder to check your current car valuation instead of waiting for a supposedly perfect market moment.

Thinking of selling your car?

Get a clearer picture of your car's value before the next COE result.

SGCARDEALS offers:

• FREE car valuation

• Competitive offers from 300+ verified dealers

• A fast and hassle-free selling process

Get your FREE car valuation today and find out what your car could be worth in the current market.