Seems that Singaporeans car buyers are getting smarter

[Ithunk]

COE prices fell across the board at the latest tender on Wednesday.

 

The premium for cars up to 1,600cc fell by more than $2,000 to close at $16,747, while COE for cars above 1,600cc softened by around $1,000 to settle at $18,389.

 

Open COE, which can be used for any vehicle type but ends up mainly for cars, dipped by $900 to $19,000.

 

The premium for commercial vehicles finished at $16,989 - down from $18,110 two weeks ago. And the COE for motorbikes hit $902, from $931 previously.

 

Observers said the latest results - with the first across-the-board dips since supply was cut last month - could be because of lower buying interest.

 

Car buyers, used to the low prices seen in the first half of this year, are shying away from showrooms despite an all-round improvement in consumer sentiment.

[Ithunk]

sorry for the thread title mistake, should be Singaporean car buyers

[Kangadrool]

Not as smart as to demand the rights to bid the amount they want.

[Picanto]

smart for this round. but they cannot outsmart the coe system.

[Roh96]

Not the car buyer smart, should be the car dealer smart as they don't want to push COE too high to break their own rice bowl. As they have 4 or 6 bids to play with so no point pushing it too high and chase away the fishes. Moving up and down is more fun, just like stock market.

Edited November 4, 2009 by Roh96

[Ahhoe]

Not the car buyer smart, should be the car dealer smart as they don't want to push COE too high to break their own rice bowl. As they have 4 or 6 bids to play with so no point pushing it too high and chase away the fishes. Moving up and down is more fun, just like stock market.

 

 

true. you have a point there.

[Windchoco]

Not the car buyer smart, should be the car dealer smart as they don't want to push COE too high to break their own rice bowl. As they have 4 or 6 bids to play with so no point pushing it too high and chase away the fishes. Moving up and down is more fun, just like stock market.

 

To further support this theory, they could have stocked up on Open Cats during the start of the year... so now can slowly use up to prevent the market from bcoming too hot..

[Galantspeedz]

To further support this theory, they could have stocked up on Open Cats during the start of the year... so now can slowly use up to prevent the market from bcoming too hot..

 

 

COEs bid in the Categories A, B and D are valid for 6 months, while COEs in Categories C and E are valid for 3 months ("Temporary COE"). If the Temporary COE (TCOE) successfully bid for the registration of vehicle is not utilised by its expiry date, the TCOE will lapse and its bid deposit [ie. $200 for Category D and $10,000 (or $5,000 for bid applications during the COE bidding exercises conducted from October 2009 to September 2010) for Categories A, B, C and E] forfeited.

 

 

Expire liao lar...... stock up? you think stock up can food meh? all COE got expiry dates.

[Lex250]

I still think it is a stupid system...COE shud be bid by individual and not car dealers....

Edited November 5, 2009 by Lex250

[Darryn]

I still think it is a stupid system...COE shud be bid by individual and not car dealers....

 

Individual can bid if they want to, just make the appropriate deposit and do online.

 

Whether or not the AD accept is a different matter of course - am sure PI will accept but thats opens a different can of worms....is there anything in place that says that AD must sell you car exclusive of COE if you want (at a transparent price, as in - price - current COE)

 

[Tigershark1976]

End of the year are usually peak period for car sales due to festive seasons. If the COE continue to drop on Dec and Jan without any Gov intervention on the COE system.... its shows that the market its very bad...

[Davc]

I still cannot believe that among the car dealers that they do no collaborate. I think they do.

 

Game theory, if you study economics.

 

Just like how the petrol stations, pretend to compete, but when they want to increase, they will do together, earn together.

[Rayoh]

COE bidding is a "behind door" event...??

 

I'm always wondering.... How the hell will we know if LT@ decides to "input" a few bogus bids to regulate the COE prices???

 

Anyone has done in-dept study to this bidding system?

 

50 bucks COE?? Well.... a smoke screen i would say...

 

I wonder......

 

[Relagsingh]

I still cannot believe that among the car dealers that they do no collaborate. I think they do.

 

Game theory, if you study economics.

 

Just like how the petrol stations, pretend to compete, but when they want to increase, they will do together, earn together.

 

It's totally kelong. It's controlled by the big name dealers.

Edited November 5, 2009 by Relagsingh

[Picanto]

posting such slanderous things about dealers is BAD.

[Qinglong]

even the bus operators collude with one another.

 

that's why they call it an oil cartel.........which is another word for monopoly

 

 

[Kangadrool]

They have already sized up the tour bus operators. What's next they are looking at??? Petrol companies? [bounce1]

Edited November 6, 2009 by Kangadrool

[Seaweed]

not quite smart....if smart then coe will not be 16k...it should only be a few k...everyone one should stop buying once the coe go above 5k...only those in urgent buys(meaning no buy will die kind of situation)...if we cooperate...we get things cheap...we try to outbid each other...only two winner...the goverment and the seller...