What it means for you
<h2>What it means for you</h2><h3>What happened on 21/10/2026</h3><p>The Land Transport Authority's 2nd bidding round for October 2026 is in. The round moved in both directions. Cat A was the biggest riser at +$2,003, while Cat D was the biggest faller at -$234. 3 of 5 categories rose, 2 fell.</p><div class="my-6 overflow-x-auto"><table class="min-w-full text-sm border border-metal-champagne rounded-lg overflow-hidden"><thead class="bg-primary text-on-primary"><tr><th class="px-4 py-3 text-left">Category</th><th class="px-4 py-3 text-right">Premium</th><th class="px-4 py-3 text-right">Δ vs prev round</th><th class="px-4 py-3 text-right">PQP (Oct)</th><th class="px-4 py-3 text-right">Quota</th><th class="px-4 py-3 text-right">Bids</th></tr></thead><tbody class="bg-surface"><tr class="border-t border-metal-champagne"><td class="px-4 py-3">A — Cars ≤1600cc & ≤130bhp / ≤110kW</td><td class="px-4 py-3 text-right font-semibold">$132,004</td><td class="px-4 py-3 text-right text-primary font-semibold">+$2,003</td><td class="px-4 py-3 text-right">$128,715 (Oct) $129,883 (Nov)</td><td class="px-4 py-3 text-right">1,191</td><td class="px-4 py-3 text-right">1,574</td></tr><tr class="border-t border-metal-champagne"><td class="px-4 py-3">B — Cars >1600cc / >130bhp / >110kW</td><td class="px-4 py-3 text-right font-semibold">$131,901</td><td class="px-4 py-3 text-right text-primary font-semibold">+$1,801</td><td class="px-4 py-3 text-right">$131,616 (Oct) $131,819 (Nov)</td><td class="px-4 py-3 text-right">923</td><td class="px-4 py-3 text-right">1,149</td></tr><tr class="border-t border-metal-champagne"><td class="px-4 py-3">C — Goods vehicle & bus</td><td class="px-4 py-3 text-right font-semibold">$92,200</td><td class="px-4 py-3 text-right text-primary font-semibold">+$311</td><td class="px-4 py-3 text-right">$92,614 (Oct) $91,814 (Nov)</td><td class="px-4 py-3 text-right">308</td><td class="px-4 py-3 text-right">481</td></tr><tr class="border-t border-metal-champagne"><td class="px-4 py-3">D — Motorcycle</td><td class="px-4 py-3 text-right font-semibold">$10,778</td><td class="px-4 py-3 text-right text-primary font-semibold">-$234</td><td class="px-4 py-3 text-right">$11,161 (Oct) $11,392 (Nov)</td><td class="px-4 py-3 text-right">539</td><td class="px-4 py-3 text-right">611</td></tr><tr class="border-t border-metal-champagne"><td class="px-4 py-3">E — Open (all except motorcycle)</td><td class="px-4 py-3 text-right font-semibold">$135,790</td><td class="px-4 py-3 text-right text-primary font-semibold">-$1,210</td><td class="px-4 py-3 text-right">-</td><td class="px-4 py-3 text-right">270</td><td class="px-4 py-3 text-right">411</td></tr></tbody></table></div><h3>What the PQP column means</h3><p>The PQP row looks like a premium number but it isn't one. PQP stands for Prevailing Quota Premium — it's the rolling 3-month average of successful bidding premiums, recalculated at the start of each month. LTA uses the PQP, not the latest round's premium, when calculating your COE renewal price.</p><p>That distinction matters for two reasons:</p><ul class="list-disc list-outside ml-6 mb-6 space-y-2"><li><strong>A single round's spike doesn't drive renewals.</strong> When this round's higher premiums flow into the PQP calculation next month, they enter as one of three inputs. A higher premium in one round nudges the next-month PQP up, but the effect is smoothed across the rolling 3-month window — not a step change.</li><li><strong>A single round's dip doesn't drop renewals either.</strong> Two or three higher rounds still sitting inside the 3-month window keep PQP elevated even after a softer round.</li></ul><p>For October 2026, the PQP figures shown are the published month-start average based on the previous three months' premiums.</p><h3>How LTA's bidding actually clears</h3><p>LTA holds two bidding rounds per month, typically on the 1st and 3rd Wednesday. Each round:</p><ol class="list-decimal list-outside ml-6 mb-6 space-y-2"><li>Bidders submit a price they're willing to pay for a COE.</li><li>LTA ranks bids from highest to lowest.</li><li>The round clears at the lowest price that fills the available quota. Everyone who bid at or above that price pays the clearing price.</li><li>Anyone below the clearing price walks away with no COE.</li></ol><p>The Bids Received column shows how many people bid. The Quota column shows how many COEs were on offer. <strong>A ratio above 1 means the category was oversubscribed</strong> — more bidders than plates.</p><h3>What's next</h3><p>The next bidding round of October 2026 will close on the upcoming Wednesday. We'll publish the next update after that round closes.</p><h3>Reference</h3><p><strong>Source:</strong> Land Transport Authority (LTA) — OneMotoring COE Open Bidding. <a href="https://onemotoring.lta.gov.sg/content/onemotoring/home/buying/coe-open-bidding.html">onemotoring.lta.gov.sg</a></p><p><strong>Selling your car?</strong> Get a free valuation from Wheeley Auto → <a href="https://wheeleyauto.sg/sell">wheeleyauto.sg/sell</a></p>