2016 Feb, 1st COE Bidding Exercise

[Baal]

Looking at the rebate.........I agar agar A 49k & B 52K

[Runforyourlife]

dont fight the bull inside you. let it go.

 

 

 

He ownself get car so hoping cat B drops

so many bids but price still at $1 means what?

 

will only change when amt of bids above quota.

 

repeat repeat repeattttttttttttttttttttttttttttttttttttttttt

[Kar_lover]

Anyone knows if there is any correlation between AD rebate price and how much they will bid?

 

e.g.:

KM - Cat A and B both $48K

Borneo - Cat A rebate $46K  Cat B rebate $49K

TC - Cat A rebate $47K  Cat B rebate $48K

 

MB C&C - Cat A and B both $39K

PML - Cat A and B both $45K

 

(all numbers are for guaranteed COE)

 

I was thinking, if it is for guaranteed COE it is in the dealers' interest to get the COE for their customers sooner rather than later. Does this mean that high rebate levels = higher bids? 

 

Personally i can't see a direct correlation between rebate level and bid amount - at most it is an indirect one. Rebate level is basically a buffer between the current COE and how much COE must fall before they give customer back the "access" COE they paid. So an AD that put a low rebate level like C&C $39k means you have to wait for COE to drop more than $10k before you get anything back from access COE. Whereas higher rebate levels like KM/BM/TC means that a moderate drop of around $4k to $5k may be sufficient for you to get something back. And if really drop by $10k you get a lot more money back from KM/BM/TC then C&C. So when you sign with C&C basically you can't hope to get anything back. At the end of the day, rebate level is not a factor in my car buying decision. The indirect correlation i mentioned earlier is, a dealer may not bother to bid below the COE rebate level as it does not benefit him to do so. But it does not indicate how much the dealer will actually bid. Usually bigger ADs will tend to bid high and let the smaller dealers "save" them by bidding low since COE is determined by the lowest successful bid.

 

With regards to gteed COE, well it's like trading in stocks. Let's say the deal is a 6 bid guarantee, if the dealer believes the COE will be going down the next few months, then the later he bid the more he could potentially profit although how much more he profits depends on what the rebate level is. But if dealer believe that COE is going up then yes, he will bid sooner rather than later.

[Chrispie]

I can imagine when the transport ministry runs out of idea... The key appt holders come come to surf mcf.

 

So among us.. Khaw is lurking somewhere.

[Vinceng]

My guess for this round of Certificate Of Extortion prices:

 

Cat A - $50,502

Cat B - $51,101

[Carnoob]

Cat A - 44,000

Cat B - 49,000

 

So what's the prize for right / closest answer? 

[flashbang]

Today found out that current public transport trip percentage is 60-70%. Khaw aims to make it 75% by 2030 and 85% by 2050. Still a long way to go, don't think cars will be greatly affected in the short run.

 

Still got more FTs coming in to squeeze on MRT/bus, they will help to boost the %.

[Freeder]

Cat A - 44,000

Cat B - 49,000

 

So what's the prize for right / closest answer?

Photo session with T2 Orgasmic Lolek hand pose

[Wyfitms]

I can imagine when the transport ministry runs out of idea... The key appt holders come come to surf mcf.

 

So among us.. Khaw is lurking somewhere.

 

 

yes, 

search for "khaw" in members and u will see a few who joined for years but not a single post

 

just read and absorb only 

[Yaloryalor]

If the coe price is low, it could also mean economy really no good, so lesser people buy car?!

 

Those who have to buy or have to buy will still buy but maybe buy cheaper car.

 

Economy outlook not very good so be more prudent.

Anyone knows if there is any correlation between AD rebate price and how much they will bid?

 

e.g.:

KM - Cat A and B both $48K

Borneo - Cat A rebate $46K  Cat B rebate $49K

TC - Cat A rebate $47K  Cat B rebate $48K

 

MB C&C - Cat A and B both $39K

PML - Cat A and B both $45K

 

(all numbers are for guaranteed COE)

 

I was thinking, if it is for guaranteed COE it is in the dealers' interest to get the COE for their customers sooner rather than later. Does this mean that high rebate levels = higher bids? 

 

I dun think any dealers intend to book below their COE rebate amount. Hence, likely they are expecting actual COE amount to be at least $5K above their rebate amount.

[Zeally]

Those who have to buy or have to buy will still buy but maybe buy cheaper car.

 

Economy outlook not very good so be more prudent.

 

I dun think any dealers intend to book below their COE rebate amount. Hence, likely they are expecting actual COE amount to be at least $5K above their rebate amount.

 

No point bidding below the rebate amount, it is not beneficial for them. But every dollar above the rebate amount means a dollar less of profit. So how much they bid depends on how much profit they want to make, bearing in mind that if bid too low, deal doesn't go through, then its zero profit.

 

For all the bears, do not expect a big drop. anything close to 45k is a steal. I am expecting 48-9K. If it really comes down to 45, then we will have more buyers in the showroom this coming weekend.

Edited February 3, 2016 by Zeally

[Char]

How to check from one motoring to see how much the dealer bid for you ?

[Junesh1983]

How to check from one motoring to see how much the dealer bid for you ?

 

https://ocoe.lta.gov.sg/PaInternetAction.do

[Char]

More bids doesn't translate into higher COE as many try luck to bid low to anticipate increase quota of COE .... Recall back 2006-2008 every bidding exercise got 3k +- for CAT A yet COE price only less than 20k .

[Wildfaye29]

1hr to go, bids are streaming in

[flashbang]

1.9k bids at 3pm. Pretty obvious it's red again. Dealers usually put in their bids at the same time each exercise. 1 hour to go means some big dealers haven't even switch on their computer...

[EricChan]

Definitely early today. $50k and above in that case

[evo171]

Getting their fingers warmed up...