September 2026 2nd COE Bidding Results: All Categories Drop — Is COE Cooling After the Recent Rise?

Sep 23

5 min read

Singapore’s COE market has taken a small step back in the September 2026 2nd COE bidding exercise, with all major vehicle categories recording lower premiums compared with the previous bidding.

After every category rose in the September 1st exercise, the latest results show a broad-based correction:

CAT A: $131,890, down $1,119
CAT B: $133,000, down $2,001
CAT C: $92,144, down $957
CAT E: $137,000, down $890

The latest results confirm that COE prices remain high, but the market is still moving in both directions rather than following a straight upward trend.

September 1st vs September 2nd COE Results

COE Category	September 2026 1st Bidding	September 2026 2nd Bidding	Change
CAT A	$133,009	$131,890	🔻 $1,119
CAT B	$135,001	$133,000	🔻 $2,001
CAT C	$93,101	$92,144	🔻 $957
CAT E	$137,890	$137,000	🔻 $890

What Changed?

The biggest drop came from CAT B, which fell by $2,001, while CAT A dropped by $1,119.

CAT C also moved lower by $957, while CAT E slipped by $890. This is significant because all four categories moved in the same direction. However, the falls were relatively moderate compared with the increases seen in the previous exercise. In September 1st bidding, CAT A had jumped $4,508, CAT B increased $4,000, CAT C rose $3,099 and CAT E climbed $2,890. So the latest movement can be viewed as a partial correction after the sharp previous-round increase, rather than evidence on its own that COE prices have entered a sustained downward trend.

COE Has Been Moving Up and Down

Looking at the recent bidding pattern makes the latest result more interesting.

Bidding	CAT A	CAT B	CAT C	CAT E
June 1st	$126,009	$126,989	$94,000	$129,000
June 2nd	$123,847	$123,502	$93,001	$129,002
July 1st	$129,000	$130,889	$95,000	$129,801
July 2nd	$126,000	$129,890	$93,889	$129,971
August 1st	$123,890	$129,910	$91,545	$131,000
August 2nd	$128,501	$131,001	$90,002	$135,000
September 1st	$133,009	$135,001	$93,101	$137,890
September 2nd	$131,890	$133,000	$92,144	$137,000

The pattern is clear: COE has not been moving in one direction consistently.

For example, CAT A went from $123,890 in August 1st to $128,501 in August 2nd, then jumped to $133,009 in September 1st before falling to $131,890 in September 2nd.

CAT B followed a similar pattern, moving from $129,910 → $131,001 → $135,001 → $133,000.

This suggests that short-term bidding activity is having a meaningful impact on premiums, so looking at just one result may not give the full picture.

Should You Buy a Car Now?

For buyers, the latest drop may look encouraging — but it is important not to assume that one round of lower COE means prices will continue falling.

The latest CAT A, B, C and E premiums are still well above their June levels in several categories, despite the September 2nd correction.

If you're already looking at a car, consider more than just the COE premium:

The actual selling price of the car
Remaining COE
Depreciation
Loan interest and monthly instalments
Vehicle condition and mileage
Your intended ownership period
Whether the dealer's current promotion offsets the COE movement

A lower COE does not automatically mean the overall car price is lower.

If you have found a suitable car at a price that works for your budget, it may make sense to compare the actual deal rather than waiting indefinitely for another COE dip.

Should You Sell Your Car Now?

For sellers, the latest drop doesn't necessarily mean you should hold off.

In fact, COE is still at relatively high levels, with the latest premiums at $131,890 for CAT A, $133,000 for CAT B and $137,000 for CAT E.

Used-car prices are influenced by more than COE alone. Your vehicle's:

Registration year
Make and model
COE balance
Mileage
Condition
Demand
PARF/COE value
Current dealer demand

can all affect the price you can get.

If you're thinking of selling, the best way to know whether now is a good time is to check your car's current market value instead of relying solely on the COE chart.

With COE still above $130k for the two main passenger-car categories, sellers may want to get a valuation now and compare the available offers rather than waiting for a future COE result that could move either way.

What Can We Expect From the Next COE Bidding?

The next bidding exercise is scheduled to start on 5 October 2026, with results due on 7 October 2026.

There are a few possible scenarios.

Scenario 1: COE rebounds

The latest drop could be a temporary correction after the sharp September 1st increase.

If bidding demand strengthens again, COE premiums could move higher in the next exercise.

Scenario 2: COE stabilises

Another possibility is that the market settles around the current levels.

Instead of another major jump or fall, CAT A and B could remain around the low-to-mid $130k range, while CAT C and E remain elevated.

Scenario 3: Another correction

If bidding demand cools further, the latest decline could continue into the next exercise.

However, one round of declines is not enough to establish a sustained downward trend.

The recent pattern shows why it is better to watch several consecutive bidding exercises rather than trying to predict the market from one result.

How to Stay Updated and Spot the COE Trend

If you're planning to buy or sell a car, here are some simple ways to track the market.

1. Compare at least the last 3–4 bidding exercises

Don't look at only the latest number.

Look for whether COE is:

consistently rising, consistently falling, or moving up and down

The current market is clearly showing some volatility.

2. Watch all categories

CAT A and B are particularly relevant to passenger cars, but CAT E can also be important because it is an open category that can be used for various vehicle types except motorcycles.

Looking at multiple categories can give you a broader picture of bidding activity.

3. Compare the size of each movement

A $500–$1,000 movement tells a different story from a $4,000–$5,000 jump.

For example, September 1st saw much larger increases than the declines recorded in September 2nd.

That difference is worth monitoring in the next round.

4. Check the COE bidding schedule

COE is tendered twice a month in most months, so keeping track of the bidding dates helps you avoid making decisions based on outdated figures.

5. Don't rely on COE alone

For sellers especially, your car's actual market value matters more than simply knowing today's COE price.

Get a valuation periodically and compare it against previous offers.

6. Watch for a pattern, not a prediction

Nobody can know with certainty whether the next COE will rise or fall.

Instead of trying to predict the exact number, look for a consistent trend across several exercises.

Final Takeaway

The September 2026 2nd COE bidding results show a broad-based decline, with CAT A, B, C and E all falling after every category increased in the previous exercise.

But the bigger picture is more important. COE has been rising, dipping and rebounding repeatedly over the past few months. The latest drop could be a correction, but it is too early to say that COE has entered a sustained downward trend.

For buyers, compare the actual car price and total cost of ownership rather than waiting purely for a lower COE. For sellers, COE remains high, so getting a fresh valuation now can help you understand what your car is actually worth in today's market.

Thinking of selling your car? Don't wait for the next COE result to find out.

👉 Get a FREE car valuation with SGCARDEALS and see if you can secure a strong offer for your car today.