COE Bidding - 1st Round July 2019

[Vinceng]

  On 7/3/2019 at 1:47 PM, 13177 said:

Still increase price? Think their car price already 'markup' a lot liao?

 

It's common practise - Distributors increase prices to subsidise those who booked during lower COE times - eg. $26,999 to average out.

Edited July 3, 2019 by Vinceng

[Runforyourlife]

  On 7/3/2019 at 11:30 AM, Sdf4786k said:

At this rate , getting a cat B like i30 or Octavia 1.4t seems to be a better value

Den it’ll rise back again.

[Yawnz]

  On 7/3/2019 at 1:43 PM, Wolverine23 said:

AD still need to worry? I thought sure get

Good timing. How much did you pay?

[Lotr]

  On 7/3/2019 at 1:55 PM, Vinceng said:

It's common practise - Distributors increase prices to subsidise those who booked during lower COE times - eg. $26,999 to average out.

Yeah, need to lure in more buyers to support COEs prices otherwise will crash

[Lotr]

  On 7/3/2019 at 2:54 PM, YEN96 said:

It's opposite. Coe go south automatically got buyer. Rule of thumb AD likes low coe. Nobody like high coe cos is paid to ah Gong!!

 

Is it?!???? LOLLLLLO

True that low COE is good for buyers and sellers, cos sellers can mark up more.

 

But my point is that,sellers will not want a sudden crash in COE cos they would have to give rebates. So in the face of weak demands, they have to cut price or hold promotions to bring in buyers to support the COE. Something like engineering a soft landing

 

On the other hand, higher COE also means higher loan quantum,not sure if high loan benefits AD or salesperson or both.

[Apple-Tree]

Oh ....... for sport laaa,  got time to play.  Bid below pay 1K only per bid.

 

If I catch you, you are mine .......

 

  On 7/3/2019 at 1:43 PM, Wolverine23 said:

AD still need to worry? I thought sure get

 

[Sdf4786k]

  On 7/3/2019 at 5:04 PM, YEN96 said:

You are wrong, ADs like low coe,of cos they want coe to go down more. Only the govt likes high coe, AD and car buyers never like high coe.

 

Engineer soft landing for wat?!?! They want to engineer more sales! To have more sales means price must be cheaper, price cheaper means more buyer. How to price cheaper??? Coe must cheaper.

 

So wat if they need to give some rebates for 1 coe bidding? But can generates enough sales for 2 to 3 coe bidding ??

 

This is Business! In short lose $2 and can possibly make $200. Think long term and think bigger picture. No just about 1 bidding coe rebate anyway rebate is set by the selfs, if lower is only right to rebate. Bueiness they need high volume sales to turn

 

U can sign for cheap car price but at $0 coe rebate level 20 NG coe bids equates to cannot get coe cannot get car is no use.

 

Coe should stabilize at current levels at +/- $2 to $3k fluctuations pending new models launches

 

In summary, Singaporeans not much buying power already.

 

from sales and marketing 101, yes thats true.

 

But you end up chasing a small / same pool of buyers. And there can only be so many COE to gp around in each bid.

 

So you end up with zero sum game.

 

Getting buyers to buy product B instead of Product A.

[Dilemma]

  On 7/3/2019 at 9:19 AM, Hubwee said:

i self bidded at 34,000 at 15:59:49 .... so sorry ... 

 

So did u or did u not get the COE? 

[Kusje]

  On 7/4/2019 at 1:08 AM, Dilemma said:

So did u or did u not get the COE? 

 

That's the price that COE closed at yesterday.... Why still need to ask?

[emo3lmo]

C&C mit damn weird..

in May their margin for outlander was ard 19+k when COE is at 48k

 

Signed outlander at 101k last week and from the COE closing of 34k, the margin is at 22+k..

 

(basic cost excluding COE: 44660 - https://www.onemotoring.com.sg/content/dam/onemotoring/Buying/Car_Cost_Update/Car_Cost_Update.pdf )

 

somehow they do not want to get the COE for me :( bidded at 32k..

[Dilemma]

  On 7/4/2019 at 1:23 AM, Kusje said:

That's the price that COE closed at yesterday.... Why still need to ask?

 

Because i'm not sure ?

[Mockngbrd]

  On 7/4/2019 at 1:43 AM, emo3lmo said:

C&C mit damn weird..

in May their margin for outlander was ard 19+k when COE is at 48k

 

Signed outlander at 101k last week and from the COE closing of 34k, the margin is at 22+k..

 

(basic cost excluding COE: 44660 - https://www.onemotoring.com.sg/content/dam/onemotoring/Buying/Car_Cost_Update/Car_Cost_Update.pdf )

 

somehow they do not want to get the COE for me :( bidded at 32k..

Mayb got ppl buys higher price than u so clear them first.

Edited July 4, 2019 by Mockngbrd

[emo3lmo]

  On 7/4/2019 at 1:56 AM, Mockngbrd said:

Mayb got ppl buys higher price than u so clear them first.

Ahh.. kns 22k margin not enough meh..

 

Bought mazda 3 in 2016 margin only around 11k

Mazda 3 deluxe at 103k

Omv 19k cevs 5k coe 51k

[Vinceng]

  On 7/4/2019 at 1:43 AM, emo3lmo said:

C&C mit damn weird..

in May their margin for outlander was ard 19+k when COE is at 48k

 

Signed outlander at 101k last week and from the COE closing of 34k, the margin is at 22+k..

 

(basic cost excluding COE: 44660 - https://www.onemotoring.com.sg/content/dam/onemotoring/Buying/Car_Cost_Update/Car_Cost_Update.pdf )

 

somehow they do not want to get the COE for me :( bidded at 32k..

Maybe the car is not in Singapore yet and their priority is to close the earlier orders.

[emo3lmo]

  On 7/4/2019 at 2:12 AM, Vinceng said:

Maybe the car is not in Singapore yet and their priority is to close the earlier orders.

Allocated the car to me already on the day of booking.. got ready stock in warehouse Edited July 4, 2019 by emo3lmo

[Vinceng]

  On 7/4/2019 at 2:13 AM, emo3lmo said:

Allocated the car to me already on the day of booking.. got ready stock in warehouse

 

Then most likely they need to clear the backlog of those who purchased at higher price.

 

But if you had traded in your existing car, it's to your advantage to drag on the collection of your new car.

[emo3lmo]

  On 7/4/2019 at 2:17 AM, Vinceng said:

Then most likely they need to clear the backlog of those who purchased at higher price.

 

But if you had traded in your existing car, it's to your advantage to drag on the collection of your new car.

 

Ahh yep yep

told them to deliver after my birthday so the insurance premium will be lowered by 300 

[Lotr]

  On 7/4/2019 at 1:43 AM, emo3lmo said:

C&C mit damn weird..

in May their margin for outlander was ard 19+k when COE is at 48k

 

Signed outlander at 101k last week and from the COE closing of 34k, the margin is at 22+k..

 

(basic cost excluding COE: 44660 - https://www.onemotoring.com.sg/content/dam/onemotoring/Buying/Car_Cost_Update/Car_Cost_Update.pdf )

 

somehow they do not want to get the COE for me :( bidded at 32k..

Low COE is the time for sellers to increase margin. Same with VW passat, coe drop 1.9k, selling price drop by 1.5k