COE Bidding – 1st Round of April 2019

[Showster]

So far reading above comments it seems âPanic Buyâ is all set for next few rounds followed by reduction in quote. LTA, dealers , bank all happy as they love the high coe environment.

They actually hate it. Sales will reduce and they can only charge each buyer more.

[Roh96]

COE drop showrooms are crowded, COE up showrooms also crowded with panic buyers. So dealers are right, anytime is a good time to buy. Haha..

[nigel8210]

there is never a best time to enter the market, one can only guess and speculate based on historical data

 

When the COE is coming down some folks will wait and hope it drops further

When its going up, some will panic and enter before it goes up further

 

Those always waiting on the sideline….

well, will always wait

 

Its almost exactly like buying shares, almost.....

[Club21z]

I buy during CNY period.

Based on historical chart is low.

Any other period is harder to predict.

[Vinceng]

My friend has received  a call from his SE asking him to top up $2K for his non-guaranteed COE. It’s a Japanese make.

 

The SE told him COE is expected to rise further at the next bid, and he is unlikely to secure his COE with this uptrend for the next quarter (reduced quota).

 

Anybody who booked under non guaranteed COE requested to top up?

 

[Kodiaqer]

i believe before every round of coe bidding

 

there shd be an "informal" meeting for ADs... informal if not CCS would come in, but maybe not cos high COE is in the national coffer interests

 

in the informal meeting, each rep would say how many they need tis round, based on how many orders lah, guaranteed non guaranteed lah, shipment arrived lah blah blah

 

then some nego happen maybe on quantity for each, and then maybe the bidded price range....

 

the above is my opinion, not fake news ah....

[nigel8210]

i believe before every round of coe bidding

 

there shd be an "informal" meeting for ADs... informal if not CCS would come in, but maybe not cos high COE is in the national coffer interests

 

in the informal meeting, each rep would say how many they need tis round, based on how many orders lah, guaranteed non guaranteed lah, shipment arrived lah blah blah

 

then some nego happen maybe on quantity for each, and then maybe the bidded price range....

 

the above is my opinion, not fake news ah....

 

 

I had the same feeling.

[Sng28]

i believe before every round of coe bidding

 

there shd be an "informal" meeting for ADs... informal if not CCS would come in, but maybe not cos high COE is in the national coffer interests

 

in the informal meeting, each rep would say how many they need tis round, based on how many orders lah, guaranteed non guaranteed lah, shipment arrived lah blah blah

 

then some nego happen maybe on quantity for each, and then maybe the bidded price range....

 

the above is my opinion, not fake news ah....

PIs more likely..dont recall this for AD's style but PIs not all but some.. will gather together to discuss over coffee just casually and impromptu 

[Vinceng]

Did anyone realise that the bids always end with 001, 002, 003 etc. That’s the identification of each distributor so they “communicate” who is placing the bids

 

[Club21z]

Informal meeting ?

This is a serious allegation.

 

If it happens and leak out, gonna cause a big hoo ha.

[Tiger1]

I secured my cat b coe at 34k, first bid in March and now it went up by 7k? Too fast too furious...

[nigel8210]

I secured my cat b coe at 34k, first bid in March and now it went up by 7k? Too fast too furious...

Now is 43K, went up by 9K not 7K

[Fitmugen]

i believe before every round of coe bidding

 

there shd be an "informal" meeting for ADs... informal if not CCS would come in, but maybe not cos high COE is in the national coffer interests

 

in the informal meeting, each rep would say how many they need tis round, based on how many orders lah, guaranteed non guaranteed lah, shipment arrived lah blah blah

 

then some nego happen maybe on quantity for each, and then maybe the bidded price range....

 

the above is my opinion, not fake news ah....

Anyone who wants to be zng kay will be hunted down by gahmen. Only they can be banker, the rest play with their rules

[ozyboy87]

Not a technical analyst, but I have been actively observing the prices for CAT A, B and Open since November last year.

 

Cat A went down to 23k-25k at the end of last year till March this year. CAT A has largely stabilised for a good 3 months. Though I do see room to drop further in December 18, but I was not sure.

 

The CAT B trend is a hint to the CAT A trend. Once I noticed the CAT B seeing a significant increase at the start and middle of March, I am sure the increase will be reflected in CAT A in the next few rounds.

 

I think typically Open CAT is a few cycles ahead of CAT B and CAT B is a few cycles ahead of CAT A. But surely there will always be a pricing gap between the CATs. But the general increase/decrease trend seem to move in tandem. This is a logical deduction as potential CAT B buyers might have a change of heart due to the price increase and eventually buy a CAT A car instead. Similarly, when CAT B price is low, some potential CAT A owners might make the leap and buy a CAT B car.

 

My view is that CAT A will continue its upward trend, as long as the Open CAT keeps increasing. 

 

In addition, if you lurk around some other sub-forums, one would notice that there is a huge backlog of bookings for Stonic and Cerato. Some of these buyers have yet to even secure a COE and start their 6 bids NG. The FL Civic was only made available in June and the new Mazda 3 has already started to collect EOI and bidding COE. Further, the next quarterly quota is expected to decrease, backed by the consumers' fear of missing out attitude, might just drive the CAT A price higher.

Edited April 5, 2019 by ozyboy87

[makeanewcall]

There is no demand, dont be stupid. Coe at 23k-26k levels and you dont see cars flying off the shelves anyway.

 

Pretty sure it will drop back down, Coe up and no one will buy cars@expo. Down it goes again.

[Kodiaqer]

Anyone who wants to be zng kay will be hunted down by gahmen. Only they can be banker, the rest play with their rules

 

zng kay so that coe prices go high y would ccs get involved?

 

its diff if 4 chicken sellers collude to set high prices for chickens..

[Mockngbrd]

There is no demand, dont be stupid. Coe at 23k-26k levels and you dont see cars flying off the shelves anyway.

 

Pretty sure it will drop back down, Coe up and no one will buy cars@expo. Down it goes again.

 

 

No demand???? 

[cashcow]

Not a technical analyst, but I have been actively observing the prices for CAT A, B and Open since November last year.

 

Cat A went down to 23k-25k at the end of last year till March this year. CAT A has largely stabilised for a good 3 months. Though I do see room to drop further in December 18, but I was not sure.

 

The CAT B trend is a hint to the CAT A trend. Once I noticed the CAT B seeing a significant increase at the start and middle of March, I am sure the increase will be reflected in CAT A in the next few rounds.

 

I think typically Open CAT is a few cycles ahead of CAT B and CAT B is a few cycles ahead of CAT A. But surely there will always be a pricing gap between the CATs. But the general increase/decrease trend seem to move in tandem. This is a logical deduction as potential CAT B buyers might have a change of heart due to the price increase and eventually buy a CAT A car instead. Similarly, when CAT B price is low, some potential CAT A owners might make the leap and buy a CAT B car.

 

My view is that CAT A will continue its upward trend, as long as the Open CAT keeps increasing. 

 and

In addition, if you lurk around some other sub-forums, one would notice that there is a huge backlog of bookings for Stonic and Cerato. Some of these buyers have yet to even secure a COE and start their 6 bids NG. The new Civic was only made available in June and the new Mazda 3 has already started to collect EOI and bidding COE. Further, the next quarterly quota is expected to decrease, backed by the consumers' fear of missing out attitude, might just drive the CAT A price higher.

Congrats to your well research assessment of coe trends and taking a purchase position early.

 

I have said b4 - cheap durian nobody interested; only when expensive everybody gets excited and rush to buy. lol

 

Hope that you will take delivery of your super duper mazda 3 from TEK soon!