The results for the second COE bidding exercise of March 2026 are out, and it’s a “bull run” across all five categories. If you were hoping for a dip before the April quota changes, the market had other plans. In a clean sweep, every single category saw an increase, with Category A hitting its highest point since October last year. View previous COE Result [March 2026 1st Bidding]
Key Highlights & Market Analysis
1. Category A Continues to Climb
Category A saw the largest dollar increase this round, jumping by $3,670. At $111,890, it is now inching closer to the Category B price ($115,568). This narrowing gap suggests that demand for “mainstream” cars remains incredibly resilient, likely driven by new EV entrants and fleet renewals.
2. The “Motorcycle Surge”
Category D (Motorcycles) recorded the highest percentage jump this round, rising nearly 11.5%. With Hari Raya Puasa approaching, observers note that many riders are rushing to secure their new bikes to ensure they are on the road in time for the festivities.
3. The 3-Week Gap Effect
One of the biggest factors behind this round’s aggressive bidding is the upcoming three-week interval until the next exercise (April 6–8). Historically, a longer break gives dealers more time to collect orders, which often creates upward pressure on premiums. Bidders in this round likely chose to secure their COEs now rather than risk an even higher spike in early April.
What’s Next for Car Buyers?
With the Open Category (Cat E) closing at $118,119—significantly higher than Cat B—it signals that the market expects prices to continue their upward trajectory in the next round.
GW Auto Tip: If you are looking to purchase a vehicle, the current “convergence” of Cat A and Cat B prices means that the price difference between a mainstream car and a luxury model has shrunk. It might be a good time to compare models across both categories to see where you can get the best value for your money.
Confused by the current price surge? Speak with our consultants to find out the best bidding strategy for your next car.
