Jump to content

COE Bidding - 2nd Round of December 2016

wdldalian

By wdldalian,
in General Car Discussion

 Share

Recommended Posts

Ct3833

Ct3833

Supersonic
  On 12/20/2016 at 9:53 AM, Dafansu said:

Surprisingly quite a number of viewers at Mazda Leng Kee now. Should be signing the agreement before tomorrow's COE

This is unheard before, COE is already set to increase but with this last minute shopping will push COE price even higher. Maybe it will take 3 or 4 more rounds instead of 2 before the price could settle back down.
↡ Advertisement
Link to post
Share on other sites
therock

therock

Supersonic

Well, maybe it was one fluke downturn of the COE, that led all the people lurking to come out and try..

Then we may see another round of whining when people book the 'down bids' and complain they didn't get their COE and blame the companies.

IMO, we all go in with our eyes wide open.

One low COE level will definitely bring out car buyers, and if the prices are lowered, some will try.

Unless the COE is guaranteed, it is going to be hard to see how every company will fulfil their sales...

Link to post
Share on other sites
Ody_2004

Ody_2004

Turbocharged
  On 12/20/2016 at 9:53 AM, Dafansu said:

Surprisingly quite a number of viewers at Mazda Leng Kee now. Should be signing the agreement before tomorrow's COE

If taking loan won't be on time for tomorrow bidding..
Link to post
Share on other sites
Inspiring1804

Inspiring1804

1st Gear
  On 12/20/2016 at 9:03 AM, Ct3833 said:

At 3pm tomorrow you will still likely to see $1.00.

When bidding closed, it will still be $1. Because system technical glitch. Will LTA honour this if this is the case? Lol
Link to post
Share on other sites
Darius

Darius

2nd Gear
  On 12/20/2016 at 10:03 AM, Ct3833 said:

This is unheard before, COE is already set to increase but with this last minute shopping will push COE price even higher. Maybe it will take 3 or 4 more rounds instead of 2 before the price could settle back down.

Due to inter bank rate hike?;
Link to post
Share on other sites
merc280v6

merc280v6

6th Gear
  On 12/20/2016 at 10:03 AM, Ct3833 said:

This is unheard before, COE is already set to increase but with this last minute shopping will push COE price even higher. Maybe it will take 3 or 4 more rounds instead of 2 before the price could settle back down.

I mentioned it somewhere here - bonus time, with the usual year-end / CNY car buying spree and ADs determined to meet their sales KPI in this last bidding exercise of 2016!
  • Dislike 1
Link to post
Share on other sites
Arch1984

Arch1984

4th Gear

Many ADs will try to get as much coe as possible to secure sales before financial close. So as to get more bonus. Bidding wun be weak tmr.

 

Bidding will be strong all the way till cny. Den we can see if it remains strong for 2017. Given that they took in orders at quite low prices this time round. Any jump in coe would likely be capped.

 

Probably trending btw 48k to 50k for the next few rounds.

Link to post
Share on other sites
merc280v6

merc280v6

6th Gear
  On 12/20/2016 at 10:12 AM, therock said:

Well, maybe it was one fluke downturn of the COE, that led all the people lurking to come out and try..

Then we may see another round of whining when people book the 'down bids' and complain they didn't get their COE and blame the companies.

IMO, we all go in with our eyes wide open.

One low COE level will definitely bring out car buyers, and if the prices are lowered, some will try.

Unless the COE is guaranteed, it is going to be hard to see how every company will fulfil their sales...

Like that dude in the Hyundai Elantra thread, who signed on a non-guaranteed 6-bid, $10K-discounted deal ... but soon got angry with KMC for consistently under-bidding his COE at $48K (against a $43K rebate) and never successful :D

 

Some people can be unrealistic and have the nerve to - believing that only they are destined to get super deals from the ADs and all others are (thus and therefore) carrot heads!

  • Praise 1
  • Dislike 1
Link to post
Share on other sites
Mshon99

Mshon99

Neutral Newbie
  On 12/20/2016 at 11:27 AM, merc280v6 said:

Like that dude in the Hyundai Elantra thread, who signed on a non-guaranteed 6-bid, $10K-discounted deal ... but soon got angry with KMC for consistently under-bidding his COE at $48K (against a $43K rebate) and never successful :D

 

Some people can be unrealistic and have the nerve to - believing that only they are destined to get super deals from the ADs and all others are (thus and therefore) carrot heads! ð

Hoping for either crash or super high for cat A..

 

30k or 56k for Cat A. No in between.

Link to post
Share on other sites
Rooney3

Rooney3

1st Gear
  On 12/20/2016 at 11:13 AM, merc280v6 said:

I mentioned it somewhere here - bonus time, with the usual year-end / CNY car buying spree and ADs determined to meet their sales KPI in this last bidding exercise of 2016! ðð¼

 

COEs WILL revert to >$50K yet again ... mark my words ð

I like how you conveniently disappeared the last couple of bids when coe was coming down. And how you are back on a rampant now!

 

So natural!

 

Coe on a downtrend till minimum next year June already. Of course now and then will see a 1-2k fluctuations up too.

 

Look at how the poor economy and recent rate hike are already affecting local REITS.

  • Praise 1
Link to post
Share on other sites
obat22

obat22

2nd Gear
  On 12/20/2016 at 3:13 PM, Rooney3 said:

I like how you conveniently disappeared the last couple of bids when coe was coming down. And how you are back on a rampant now!

 

So natural!

 

Coe on a downtrend till minimum next year June already. Of course now and then will see a 1-2k fluctuations up too.

 

Look at how the poor economy and recent rate hike are already affecting local REITS.

 

I agree with you and totally correct we are in the midst of poor economy. However, some people some more can be so boastful that he paid full cash for his car. If so rich dont need to buy b&b cars. Less boastful talk is better for everybody here, huh! (probably was sleeping inside the cage before!) Go and deduct my points, hahaha

Link to post
Share on other sites
Ct3833

Ct3833

Supersonic
  On 12/21/2016 at 12:35 AM, therock said:
......"Victor Kwan, Wearnes Automotive managing director for Jaguar Land Rover, thinks it was. "With the possible further reduction in the COE quota over the next few months, there should be upward pressure on COE premiums".....

 

"further reduction " is my suspicion too. These people in the industry may know something from the government that we dont. Government is not likely to let COE to fall. An easy step is to tighten COE quota and keep the balance for future use.

Very simple, instead of selling 5,000 COE at $40,000 , they might as well sell 4,000 COE at $50,000. Even government is not going to get more income, at least they keep the income flat and leave behind more papers for future income.

 

But all considered, i am still incline to think COE will be below $50k in 2017 , unlikely to fall much though.

Link to post
Share on other sites
Dafansu

Dafansu

Turbocharged
  On 12/21/2016 at 12:35 AM, therock said:

 

 

IT looks like the motor industry in Singapore is expecting COE (Certificate of Entitlement) premiums in 2017 to head anywhere but south, even as everyone agrees the economic uncertainty is weighing heavily on consumers' minds.

 

 

premiums to head anywhere but south? Not North if remain high? 

↡ Advertisement
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...