COE Bidding – 1st Round of September 2017

[DACH]

I think will drop too.

1. School holidays

2. Lunar 7th month

3. Uber and Grab releasing cars into the used car market

4. Market still slow

[Vinceng]

With Grab and Uber out of the picture, and authorised distributors having lesser cars in the lineup to sell due to Euro 6 emissions, prices are expected to remain at current levels. 

 

Demand is still strong from non-Singaporean residents residing here.

Edited September 6, 2017 by Vinceng

[clasher]

I also think it will drop. Just look at the number of pages in this thread

[Friendstar]

41k. Cat A

 

 

Cat B strong due to harrier turbo

[Ct3833]

I also think it will drop. Just look at the number of pages in this thread

While i also thought should drop but properties price continue to break record high per sqft, government reported 5% more revenue against last year, it is difficult to be convinced that it will decline.

41k. Cat A

 

 

Cat B strong due to harrier turbo

Cat B has about 1,300 COE for bidding, dont think Harrier booking is able to suck up all the Cat B. Some said BM collects about 400+ booking per month. There must be other brands to bid high to compete for Cat B. Edited September 6, 2017 by Ct3833

[Matrix0405]

Cat A drop - Susuki,Chevy no euro6 cars to sell + no PHV + ghost mth + sch holiday.

Cat B crash - no Accord, no Camry, no Teana = almost no cat B models to sell. 

[Doppel]

While I also think there is a possibility that COE may trend down for the rest of the year, my consideration was the new VES would replace the current CEVS from 1st January 2018, and the car that I was considering would not have any rebate (neutral) under VES, compared to the current $10,000 rebate.

 

So, if COE falls by $5,000 next year and my targeted car's price is also adjusted accordingly, I'd be indifferent in terms of depreciation.

($5K only because CEVS rebate is applied to the ARF, and at the end of ten years, PARF rebate is 50% of ARF paid).

 

But no one knows for certain whether COE will fall by $5K, so I decided to purchase within this year.

 

LTA gives us rebate, we must take, and don't hope for COE to fall, which is an uncertainty.

[Dafansu]

While I also think there is a possibility that COE may trend down for the rest of the year, my consideration was the new VES would replace the current CEVS from 1st January 2018, and the car that I was considering would not have any rebate (neutral) under VES, compared to the current $10,000 rebate.

 

So, if COE falls by $5,000 next year and my targeted car's price is also adjusted accordingly, I'd be indifferent in terms of depreciation.

($5K only because CEVS rebate is applied to the ARF, and at the end of ten years, PARF rebate is 50% of ARF paid).

 

But no one knows for certain whether COE will fall by $5K, so I decided to purchase within this year.

 

LTA gives us rebate, we must take, and don't hope for COE to fall, which is an uncertainty.

 

unless you are looking at specific models affected by the VES if not there are ample opportunity for a drop for those models not affected by it. 

[currypuff]

I think will drop too.

1. School holidays

2. Lunar 7th month

3. Uber and Grab releasing cars into the used car market

4. Market still slow

School holiday also affect coe? Student go holiday so not buy cars?

[DACH]

School holiday also affect coe? Student go holiday so not buy cars?ðð

Parents go on holidays with their children.

[Doppel]

unless you are looking at specific models affected by the VES if not there are ample opportunity for a drop for those models not affected by it.

Yes, I was specifically looking at the Peugeot 308 Hatchback, which currently has a $10,000 CEVS rebate, but would be neutral under VES.

[currypuff]

Parents go on holidays with their children.

Tot dealer will bid for them? So sch holidays doesn't really affect

[Karigon]

Cat A drop - Susuki,Chevy no euro6 cars to sell + no PHV + ghost mth + sch holiday.

Cat B crash - no Accord, no Camry, no Teana = almost no cat B models to sell. 

 

Theres actually still quite a number of popular cat B models such as the Qashqai 2.0l, Civic Turbo/ Hatch, Harrier etc

Should still see a decent drop in cat B tho.

Edited September 6, 2017 by Karigon

[Ct3833]

Theres actually still quite a number of popular cat B models such as the Qashqai 2.0l, Civic Turbo/ Hatch, Harrier etc

Should still see a decent drop in cat B tho.

Qashqai 2.0 is not a popular model if I am correct. In fact even the civic 1.5T is not a popular model judging by the total number of sedans honda puts on the road monthly. Edited September 6, 2017 by Ct3833

[DACH]

Tot dealer will bid for them? So sch holidays doesn't really affect

Some families already started going for overseas holidays since the long weekend, last weekend to be precise.

Qashqai 2.0 is not a popular model if I am correct. In fact even the civic 1.5T is not a popular model judging by the total number of sedans honda puts on the road monthly.

Qashqai is selling quite well for the past years.

For Civic, the more popular one is the 1.6l NA. 

Theres actually still quite a number of popular cat B models such as the Qashqai 2.0l, Civic Turbo/ Hatch, Harrier etc

Should still see a decent drop in cat B tho.

Don't forget the Mazda 6.

[Ct3833]

Some families already started going for overseas holidays since the long weekend, last weekend to be precise.

Qashqai is selling quite well for the past years.

For Civic, the more popular one is the 1.6l NA. 

Dach

the 1.2T is a CAT A model. should not affect CAT B pricing. Karigon was referring to 2.0L model, which is not a common  model on the road. 

 

Yah agree with Mazda 6 but they are run rate, no more surge in booking to cause COE to go up.

 

in retrospect, there is no new models to create excitement to the rich.  The new E series W213 didnt induce much buying. The much anticipated BMW 5 series G30 launch also did not seem to capture rich men's pockets a lot.  likely CAT B will stay flat.

Edited September 6, 2017 by Ct3833

[Friendstar]

I never knew that qq2.0 is popular

[DACH]

Dach

the 1.2T is a CAT A model. should not affect CAT B pricing. Karigon was referring to 2.0L model, which is not a common  model on the road. 

 

Yah agree with Mazda 6 but they are run rate, no more surge in booking to cause COE to go up.

I see. 

I think probably because the X-trail takes away the sales of the 2.0L model.

 

Anyway, the new Qashqai and X-trail models are coming.