COE Results February 2026 2nd Bidding: Cat A $106,501
COE Results

COE results, February 2026 2nd bidding

Premiums for Cat A to E from the Feb 2026, 2nd bidding, closed 20 Feb 2026, the change from the Feb 2026, 1st bidding, and what the result means for the PQP.

Closed 20 Feb 2026Cat A $106,501Cat B $105,001
Results

Premiums, Feb 2026, 2nd bidding

CategoryPremiumChangeQuotaBidsBids per COE
Cat ACars up to 1,600cc and 97kW (EVs up to 110kW)$106,501▲ $181 (0.2%)1,2891,9751.53
Cat BCars above 1,600cc or 97kW (EVs above 110kW)$105,001▼ $5,889 (5.3%)8131,3531.66
Cat CGoods vehicles and buses$74,999▲ $198 (0.3%)2945021.71
Cat DMotorcycles$7,989▼ $300 (3.6%)5486651.21
Cat EOpen category (any vehicle except motorcycles)$112,890▼ $3,110 (2.7%)2395712.39

On a phone, swipe the table sideways for the quota and bids.

What moved

Cat A rose $181 (0.2%) to $106,501, and Cat B fell $5,889 (5.3%) to $105,001. That leaves Cat B $1,500 below Cat A.

Demand was keenest in Cat E, with 2.39 bids for every COE on offer, against 1.53 in Cat A and 1.66 in Cat B.

It is the lowest Cat B premium since the Dec 2024, 1st bidding. A year earlier, in the Feb 2025, 2nd bidding, Cat A closed at $92,850, so it is 15% higher than then.

What it means for renewing

This was the last of the six results behind the March 2026 PQP, so the March 2026 renewal price was fixed when it closed. It is the average of every premium from Dec 2025 to Feb 2026.

March 2026 PQP
Cat A$106,541
Cat B$115,938
Cat C$75,669
Cat D$8,367

On that PQP, a 10-year Cat A renewal financed over 118 months at 2.80% flat is about $1,152 a month (Cat B $1,254), and a 5-year Cat A renewal over 60 months at 2.58% about $1,003. Estimates, subject to lender approval.

Renewals made in February 2026 itself pay the February 2026 PQP, Cat A $107,571, which was fixed before this exercise.

Trend

The last 12 exercises

Cat ACat B
Cat A and Cat B COE premiums, Sep 2025, 1st bidding to Feb 2026, 2nd bidding$100k$110k$120k$130k$140k$150kSep ’25Oct ’25Nov ’25Dec ’25Jan ’26Feb ’26Cat ACat B Cat A and Cat B COE premiums, Sep 2025, 1st bidding to Feb 2026, 2nd bidding$100k$110k$120k$130k$140k$150kSep ’25Nov ’25Jan ’26Cat ACat B
Cat A and Cat B, the 12 exercises up to the Feb 2026, 2nd bidding. Hover or tap for each result.
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