COE bidding - 1st round of Feb 2017

[therock]

First bid post CNY.

Huat ah!!

 

How to bid:

https://www.lta.gov.sg/content/ltaweb/en/roads-and-motoring/owning-a-vehicle/vehicle-quota-system/certificate-of-entitlement-coe.html

 

 

How do you check the ongoing bids:

 

https://www.mytransport.sg/oneMotoring/coeDetails.html

 

 

Previous results:

https://www.lta.gov.sg/apps/news/page.aspx?c=2&id=16c2b5ae-a62a-4c38-b9e2-fc577fdc5fe6

Last bid results:

 

The Land Transport Authority (LTA) received 5,732 bids at the end of the January second open bidding exercise for Certificates of Entitlement (COEs). Of these, 3,877 were successful. Detailed results of the tender are as follows:

 

Quota

Quota Premium

Total Bids Received

Number of Successful Bids

Unused Quota carried forward

NON-TRANSFERABLE CATEGORIES

Category A (Cars up to 1600cc & 97kW (130bhp))

1,846

$50,889

2,437

1,766

80

Category B (Cars above 1600cc or 97kW (130bhp))

1,246

$52,807

1,967

1,226

20

Category D (Motorcycles)

377

$6,052

412

331

46

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

186

$47,001

254

173

13

Category E (Open)

400

$52,600

662

381

19

 

 

There are still unfulfilled COE orders for quite a few cars, in both Cat & B.

With cars ranging from more budget ones like the 99k Corolla offers to Cat B C Class bids, so there should still be some demand.

 

This can be balanced against the fact that the quota was recently increased and that the economy isn't doing too well.

 

Furthermore, 20th Feb will see more info on how the diesel cars will be taxed.

So some will either rush in now and enjoy the current discounts, or wait and see until more news is out..

It's still an exciting time and my personal prediction that the COE levels will remain largely the same.

 

Uber and private hire cars are still looking for COEs and will prevent the COE from going down too low.

 

There is a minimum level, which draws out the opportunistic bidder, these are people with spare cash, or the marginal buyer who then takes the opportunity to grab a car on the cheap.

Remember the date for the next bid:

 

08 Feb 2017

 

Huat ah!!!

[Ct3833]

The much anticipated COE increase after Motor Show did not happen. The speculation about before CNY rush was also nowhere found.   COE price over the next few months is going to be interesting.  The 10% increase in COE allocation is simply making the COe game more fun. Plus Taxi companies fight back  PH by reducing rental fees and more creative packaging, hopefully adding more positive variables to the COE equations.

 

Wishing all success in getting their dream car in the Lunar Year of Rooster! 

Edited February 2, 2017 by Ct3833

[TangoElite]

My 2 cents prediction: Both CAT A and CAT B slight decline, end at around 49k. 

 

 

Reasons:

1. Increase in supply as we all know

2. Savy buyers will put off decision to place order until after Feb 8, decreasing demand

 

 

Offset by: 

1. Orders for jan motorshow were not cleared in jan second bidding, as reports stated that bank loans were not approved in time, hence spillover to Feb 1st round, increasing demand

2. Promos from ADs with diesel cars to clear stock, increasing demand

3. 3 week gap from last round

4. Likely CAT E will be used for CAT C too, reducing CAT B supply

 

 

 

Unknown:

1. Bidding patterns of LCR

[Titanium]

$48888 for both cats. Huat ah!

[Pocy]

Bro therock .... superb start for COE after CNY! Huat Ah!!

 

 

Edited February 2, 2017 by Pocy

[Winningeleven]

Went to leng kee see see look look. Bo lang wan..

 

I believe both drop. For now. I guess.

 

CAT A 47k

CAT B 49k.

[Friendstar]

I believe cat A will hover ard 45k in the next few months.

 

Cat B 48k.

[Kia7200]

Singapore budget 2016 already set a quota for the coe premium. Averagly is $50k per coe

 

Anything lower for too long, someone is gona lose his/her high pay job

[Ct3833]

Singapore budget 2016 already set a quota for the coe premium. Averagly is $50k per coe

 

Anything lower for too long, someone is gona lose his/her high pay job

next 3 months have good chance to see COE below 50k all the way. 3 months is not long, so no one will lose his/her high pay job.

Edited February 2, 2017 by Ct3833

[Rooney3]

I believe cat A will hover ard 45k in the next few months.

 

Cat B 48k.

Quote for truth. 10% higher quota is no joke with this recent poor demand..

[Kia7200]

next 3 months have good chance to see COE below 50k all the way. 3 months is not long, so no one will lose his/her high pay job.

Though by right, after cny and increase of Coe quota, the premium should drop.

 

But seeing the trend, I think will drop by couple of k

[Darius]

My 2 cents prediction: Both CAT A and CAT B slight decline, end at around 49k.

 

 

Reasons:

1. Increase in supply as we all know

2. Savy buyers will put off decision to place order until after Feb 8, decreasing demand

 

 

Offset by:

1. Orders for jan motorshow were not cleared in jan second bidding, as reports stated that bank loans were not approved in time, hence spillover to Feb 1st round, increasing demand

2. Promos from ADs with diesel cars to clear stock, increasing demand

3. 3 week gap from last round

4. Likely CAT E will be used for CAT C too, reducing CAT B supply

 

 

 

Unknown:

1. Bidding patterns of LCR

I agree the 3 weeks break is something to watch out for.

[Hlim]

Let me try

 

Cat A 47k

Cat B 49k

Cat E 49k

[13177]

Last few round when there is a 3 week break, but the coe also did not increased much lo. So this time round if coe never increased much or even drop, i guess the demand for coe is really weak.

[L23]

We should be seeing some 40k plus Coe this time round

[Nutty]

Hoping to get my COE this coming bid.

 

Car all set for collection, pending this piece of paper

[Dafansu]

Last few round when there is a 3 week break, but the coe also did not increased much lo. So this time round if coe never increased much or even drop, i guess the demand for coe is really weak.

feel that the last bid already quite weak. My friend gotten his altis from BM. booked 1 day after the motor show, still managed to get within 1 bid. I think quite a number of members here also gotten within 1 bid.

Edited February 2, 2017 by Dafansu

[Ct3833]

Unsuccessful bid for CAT B quite high but not so for CAT A despite after motor show. My guess is

CAT A 46k

CAT B 48k

Edited February 2, 2017 by Ct3833