COE Bidding - 2nd Round of September 2016

[Akula]

Guessing that Cat A will drop to just below $50K will Cat B will be about $55K

[Sweeney]

Now that MOF announced they are looking into financial workarounds by many clever companies, might just tip fence-sitters into committing before new restrictions kick in. Predict up, modestly, +1-2K for Cat A.

 

Cat B will have a life of its own due to inelasticity of demand from this group. Up. 

[Apple-Tree]

Good News !!!  LCR today tuesday got a 1/4 Page adv.

 

 

Enjoy 30% OFF Fuel Prices

 

Get 50% off Car Rental !!!

 

 

Today C&C Full Page PHP adv on Today FRONT PAGE, after they realised that it is Ong Ye Kung, who sits on the board of directors at the Monetary Authority of Singapore (MAS), that is talking lor. 

 

 

Sometimes when I think it should drop, it increases.

Saw some news which mention pte hirer might slow down bidding for coe, this is one of the biggest factor for the increase of coe premium.

But still I think all cat should be ard $2k +-

 

[Quizesilver]

Checking in..

 

Now I am on NG, was suggested to top up 2k to increase chances.

 

What's everyone tot of cat a going up?

[tomcruize99]

Why you think COE premium will increase if MAS introduce more financial restrictions? (ie. clamp on pte hires and financial workarounds)

[Ct3833]

Why you think COE premium will increase if MAS introduce more financial restrictions? (ie. clamp on pte hires and financial workarounds)

Fact is basing on MAS and LTA's implementation over the past few months like uber and easing loan, it is unlikely that any funancial restrictions will be implemented. If any, more likely to legalise a longer loan and to losen PHP guidelines.

[Pocy]

Other stuff I'm not sure, govt scholars are good at $ idea. Easy the loan curb to similar as PHP. No more complain and collect $$$.

[Daniu82]

Just hope the price will go down a bit for the next 3 mths cos will be trying to get a new car within this period...

[therock]

Just hope the price will go down a bit for the next 3 mths cos will be trying to get a new car within this period...

That will depend on how much you bid, and what the others have bid.. may sound obvious, but it's a simple maths matter, and if the rest tide of sales promotions result in more sales, then there will be more bids and prices may not head south.

On the other hand, if the economy turns sour, then the bids will be more cautious.

Looking at the throngs in the showrooms, it looks like a lot of folks have cash in their pockets.. 

[Philipkee]

That will depend on how much you bid, and what the others have bid.. may sound obvious, but it's a simple maths matter, and if the rest tide of sales promotions result in more sales, then there will be more bids and prices may not head south.

On the other hand, if the economy turns sour, then the bids will be more cautious.

Looking at the throngs in the showrooms, it looks like a lot of folks have cash in their pockets..

Either that or it is a disaster waiting to happen

[Enye]

roadshow at Waterway Point

 

Wah demand so strong

 

[Apple-Tree]

If Toyota, Honda, even Nissan or Hynudai ..... I believe lor, or izzit ?. One of the oldest sales tactics.

 

But for Renault, LTA M03 said, on average sell about 30+ car only per month leh.

 

I also like to play at Taka Jewllery lor, they used to put up similar diamond sign board.  I always said if only that sold out diamond is still available.  Expect to the sales man to say ...... still have.   Last one, reserved for a RELATIVE's ROM .....

 

Anyway, every car they sell make about 20~35K margin lor ....... 

 

 

roadshow at Waterway Point

Wah demand so strong

[Vinceng]

Same for VW, selling like hot cakes.

 

All their event cars are almost sold out since released 2 weeks ago.

[merc280v6]

roadshow at Waterway Point

 

Wah demand so strong

 

ð

If you go to sgCarMart website, only DIESEL Renault passenger car models are available now (for obvious Cat A considerations).

 

I don't believe that they have sold sooo many diesel cars over one weekend ... unless the heartland buyers were all duped!

[therock]

VW seems to be perennially involved in such event car sales. I wonder if that's the only way to move their cars now?

[Victor68]

For every event, they will need to hit a certain sale target. Don't forget it cost money to hold event.

 

As how good is their sale? This has to do with economy not free. Otherwise they can have event everyweek

[Leion]

Bidding opens!

[Little_prince]

Bidding opens!

 

only last 15 min got action lah.

 

most of the day is zzzzz

 

hahaha

 

good luck bro!