COE Watch · April 2026 · 2nd Bidding 5 min read

April 2026 · 2nd Bidding Results

Reviewed by The Right Workshop team Updated

This round’s story

Cat A back above $120k as motorcycles slide in April 2026

Five-category breakdown of the latest LTA bidding round, with context from the past six months.

COE quota premiums by category, April 2026 2nd bidding round. Each row is one category, with its premium, its change from the previous round, its quota, the bids received and its PQP figure where LTA publishes one.
Category Quota premium Change from previous round Recent trend Quota, bids and PQP
Cat A ≤1,600cc $123,010 ↑ +4.2% Quota 1,265 · Bids 2,410
Apr PQP $107,407
Cat B >1,600cc $121,001 → 0.0% Quota 811 · Bids 1,194
Apr PQP $114,366
Cat C Goods/Bus $83,501 ↑ +4.4% Quota 290 · Bids 494
Apr PQP $75,751
Cat D Bikes $9,290 ↓ -7.1% Quota 563 · Bids 684
Apr PQP $8,670
Cat E Open $125,002 ↑ +3.3% Quota 241 · Bids 494
Apr PQP n/a

Premium Trend · All 5 Categories

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Movement vs previous bidding round iHover the % to see what it was last round

What this could mean

One read of these numbers is that demand conditions from the previous round are continuing to play out. Quota adjustments from LTA, seasonal buying patterns, and upcoming policy changes are all factors that could be influencing premiums. These are possibilities, not certainties.

Note: COE results reflect closing-bid economics for that single 4pm round.

Looking ahead

The next bidding round opens in roughly two weeks. Watch for any LTA quota announcements between now and then, since quota changes are typically the single biggest predictor of where premiums move.

For 10-year owners

Thinking about renewing your COE?

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For end-of-life cars

Time to let the car go?

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COE Watch, your questions answered

When does LTA release the next COE bidding result?

LTA holds COE bidding twice a month, typically the first and third Wednesdays. Results are announced at 4pm SGT. Cole publishes the breakdown within hours of each release.

What is the difference between Cat A and Cat B?

Cat A is for cars with engines up to 1,600cc and 130bhp. Cat B is for everything above either threshold. See our full Cat A vs Cat B guide.

Can I use this round’s premium to predict the next round?

Not reliably. Each round closes on its own bid economics. The 12-month trend chart helps you see direction over time but the next single round can move sharply against the trend.

What is PQP and why is it different from the bidding premium?

PQP (Prevailing Quota Premium) is the rolling 3-month average of quota premiums. It is what you pay to renew an existing COE. Bidding premium is what new bidders pay this round. PQP lags bidding by 1 to 2 months.