The first Certificate of Entitlement (COE) bidding exercise for February 2026 concluded yesterday, showing a downward trend across all passenger vehicle categories. Most notably, Category B premiums—covering larger, more powerful cars and high-output electric vehicles—experienced a significant correction of 8.8%, bringing the premium to its lowest level in nearly 12 months.
Bidding Results: 4 February 2026
The table below summarizes the changes from the final bidding round of January:
Market Analysis & Observation
Following the surge in premiums observed during the post-Motorshow period in late January, the current dip suggests a stabilizing market as immediate backlogs are cleared. Key observations include:
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Correction in Category B: The $10,744 drop in Category B is the most substantial in months. Market analysts attribute this to a decrease in bidding intensity as dealers clear orders collected during the 2026 Singapore Motorshow.
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Narrowing Gap between Categories: The price difference between Category A and Category B has contracted to $4,570. Historically, a wider margin is expected between these segments; the current narrow gap indicates a rare alignment in the cost of entry for luxury and mainstream vehicle segments.
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Seasonal Bidding Environment: With the Lunar New Year approaching, a natural dip in showroom traffic typically leads to more conservative bidding strategies by major distributors, contributing to the “green” dip across the board.
Outlook for Q1 2026
While the Land Transport Authority (LTA) has noted that premiums remain elevated by historical standards, the current dip offers a tactical window for buyers who had deferred purchases during the January peak. As demand often rebounds following the festive break, industry observers will be monitoring whether this correction holds into the second bidding round of February.
Consult Our Specialists
At GW Automotive Group, we provide up-to-the-minute market data to help you navigate the complexities of vehicle ownership in Singapore. Whether you are looking to upgrade to a Category B model or require a professional valuation for your current vehicle, our consultants are available to assist.
