Crowds flock back to car showrooms

[Columbian78]

Talking about individual bidding for own coe, Citibank used to allow through its Internet banking. It was the most convenient and I tried it without making an actual bid as there was never a fluke moment the last few years.

 

Then recently Citibank no longer offer this feature. Ocbc allows thru phone banking which is so old tech. Even then, recently they temporarily disabled it.

 

UOB only allow Internet bidding for dealer and company account.

 

DBS I think only thru ATM.

 

There is no policy to make self bidding easy for individuals. Make all main banks offer bidding thru Internet. Govt only wants dealers to bid.

[Ktglfc]

Talking about individual bidding for own coe, Citibank used to allow through its Internet banking. It was the most convenient and I tried it without making an actual bid as there was never a fluke moment the last few years.

 

Then recently Citibank no longer offer this feature. Ocbc allows thru phone banking which is so old tech. Even then, recently they temporarily disabled it.

 

UOB only allow Internet bidding for dealer and company account.

 

DBS I think only thru ATM.

 

There is no policy to make self bidding easy for individuals. Make all main banks offer bidding thru Internet. Govt only wants dealers to bid.

COE $ goes to garmen, of course, they want it to be as high as possible.

Can control car population and at the same time have revenue coming in.

[Astrid]

sheep will always be sheep

 

very predictable

 

Just goes to show how many thousands of people are waiting at the sidelines - waiting for COE prices to correct a bit and then all chiong!!!

People with cars reaching 10 years this year, parents buying for their just-turned-21 children, new entrants living here, expats on term assignments (rental cars) ... all cannot wait too long one.

Even a $10K correction will drive these people to the showrooms!

 

Thus I say again, COEs will never drop again. The minimum support level has been breached already and will worsen as our population continues to grow!

 

For those who had got cheap COEs in early last decade, don't push your luck, cos you'd never smell <$20K COEs ever again ... not now, not in 2016! The country's demographics have changed!

 

Gone also will be the myriads of <$10K COE, red-plate OPC, small-engined cars of yester-decade.

Edited May 13, 2014 by Astrid

[Solar]

Somehow I feel car dealers screwed themselves.

Bidding too high the Coe made the very cars they sell unaffordable, and in turn reduce their sales.

 

Since they are under table kelong as some has claimed, they should fix the Coe at an affordable range instead. Well.. they probably experimented 80k?

[lausai88]

Somehow I feel car dealers screwed themselves.

Bidding too high the Coe made the very cars they sell unaffordable, and in turn reduce their sales.

 

Since they are under table kelong as some has claimed, they should fix the Coe at an affordable range instead. Well.. they probably experimented 80k?

I think car dealer also bo bian,they receive the order from customer, if cannot secure coe to sell the car - no commission

furthermore coe pay buy customer, bid higher also he don't feel the pain

[Astrid]

Somehow I feel car dealers screwed themselves.

Bidding too high the Coe made the very cars they sell unaffordable, and in turn reduce their sales.

 

Since they are under table kelong as some has claimed, they should fix the Coe at an affordable range instead. Well.. they probably experimented 80k?

Even if/when COEs were $90K, ALL will be taken right?

There is no such thing as 'unaffordability' as you have put it, nor resultant 'reduced sales'.

The car market as one, continues to sell as many cars as each month's COE quota would allow!

There are no/zero spare COEs available after each bidding cycle.

 

So no matter how low or high COEs are bidded for, ALL will be snapped up.

 

The game plan is really one AD vs all the other competition.

Whomever has the budget and appetite to bid the highest will get to sell their cars.

Those who cannot bid high (e.g. Jap B&B cars) will continue to fall out twice a month!

 

So bidding as high as their business model would allow has been the strategy and tactic used by each and every AD to secure their desired market share!

Not the other way round, to bid low ... duh!

[mdgg]

I think high COE is good. Takes money from the rich and help the poor. How do you think our government is going to fund improvement in buses and MRT services without COE money???

I agree that COE is a good and easy source of revenue for the government, and I do buy the idea that direct taxation is the way to go. If only the government has the a heart of Robin Hood, that will be ideal.

[car138]

Even if/when COEs were $90K, ALL will be taken right?

There is no such thing as 'unaffordability' as you have put it, nor resultant 'reduced sales'.

The car market as one, continues to sell as many cars as each month's COE quota would allow!

There are no/zero spare COEs available after each bidding cycle.

 

So no matter how low or high COEs are bidded for, ALL will be snapped up.

 

The game plan is really one AD vs all the other competition.

Whomever has the budget and appetite to bid the highest will get to sell their cars.

Those who cannot bid high (e.g. Jap B&B cars) will continue to fall out twice a month!

 

So bidding as high as their business model would allow has been the strategy and tactic used by each and every AD to secure their desired market share!

Not the other way round, to bid low ... duh!

AD will only bid high if there are customers that buy their high COE car package. They bid high coz customers are willing to pay for high COE. In current mkt where there is an increasing COE supply, will customers still want to pay high COE? Will AD still offer high COE car package & bid high COE?

[Wt_know]

AD is always in the winning side because before they bid the coe the buyer has already signed and agreed to pay for the coe be it $60k or $90k

 

Edited May 13, 2014 by Wt_know

[13177]

COE $ goes to garmen, of course, they want it to be as high as possible.

Can control car population and at the same time have revenue coming in.

Still thinking where they spend all the profits generated from coe?

[Watwheels]

Still thinking where they spend all the profits generated from coe?

 

Pay the top ppl lah.

 

Lookin at their CPF account they feel damn lich. How not to?

[Astrid]

AD will only bid high if there are customers that buy their high COE car package. They bid high coz customers are willing to pay for high COE. In current mkt where there is an increasing COE supply, will customers still want to pay high COE? Will AD still offer high COE car package & bid high COE?

With Audi A3 sedan and Merc CLA back in Cat A COE, it is the strata of people booking these up-class German marques that the other ADs are actually competing with for Cat A COEs.

 

PA and C&C can factor in higher COE bids into the list prices and the people buying these type of cars will still be willing to pay for a guaranteed COE. With a higher budget to submit their bids, you think PA or C&C will under-bid and risk losing their share of COEs (thus their deemed market share) to their competitors? No way!!

 

Their ability to bid high is fueled by the buying power of their clientele and also the absolute price of their car models!!

 

Many cash-rich foreigners gravitate toward such luxury marques, in addition to the local riche buying their 4th or 5th errand-cars, or for their just-turned-21 children!

 

You want to compete with 'em?

Edited May 13, 2014 by Astrid

[Nav14]

Anyone flock to used car market?

 

Used car like still high high

Used car prices have hardly moved. I was at on one of the largest car marts on Sunday and asked why prices have not come down despite COE goig down, one SE said all the dealers in the carmart agreed not to reduce prices.

[Wt_know]

all crows are black colour ...

price fixing or price matching?

 

Used car prices have hardly moved. I was at on one of the largest car marts on Sunday and asked why prices have not come down despite COE goig down, one SE said all the dealers in the carmart agreed not to reduce prices.

 

[Voodooman]

Used car prices have hardly moved. I was at on one of the largest car marts on Sunday and asked why prices have not come down despite COE goig down, one SE said all the dealers in the carmart agreed not to reduce prices.

Got monetary reward guys...

 

 

REPORT

If you know of any anti-competitive agreement, please file a complaint with CCS (Competition Commission of Singapore). In appropriate cases, a monetary reward can be paid to informants who are whistle-blowing on a cartel activity.

 

http://www.ccs.gov.sg/content/ccs/en/Anti-Competitive-Behaviour/AntiCompetitiveAgreements.html

[frenchfly]

So next bidding will be down or up

[Blackyv]

Got monetary reward guys...

 

 

REPORT

If you know of any anti-competitive agreement, please file a complaint with CCS (Competition Commission of Singapore). In appropriate cases, a monetary reward can be paid to informants who are whistle-blowing on a cartel activity.

 

http://www.ccs.gov.sg/content/ccs/en/Anti-Competitive-Behaviour/AntiCompetitiveAgreements.html

Don't waste time... They are good in catching tour bus operator and chicken rice seller... For these dealers, no one wanna touch... If wanna touch, long ago already plug the adjust odo cheat already...

So next bidding will be down or up

Either up or down or maintain...

[Voodooman]

Don't waste time... They are good in catching tour bus operator and chicken rice seller... For these dealers, no one wanna touch... If wanna touch, long ago already plug the adjust odo cheat already...

 

Either up or down or maintain...

Aiyo, if everyone thinks that way, we will be screwed again and again.

 

The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing...

 

If I hear this first hand, I would have written an email to CCS asking for investigation. These guys have the skills, expertise, technology, etc, to stop evil. Whether they do it or not is another matter.