COE Bidding – 2nd Round of February 2020

[Estrangable]

1 hour ago, noobcarbuyer said:

Toyota surprisingly not a lot. I thought they did some pre launch sale of the 12 Gen Altis even before motorshow?

u shd go take a look at that altis.. a huge taxi type of screen in the middle and a traditional parking brake stick. compare that to Mz3 … the choice is easy

[Jp66]

10 hours ago, Estrangable said:

C&C Mercs was pretty packed on a sunday afternoon. Like a mini carnival event...everyone trying the new E class and the 140K A class... words like "affordable", "once in a decade price", "you can never find such price" were floating everywhere. 

Audi was pretty empty even though there is a 139K A4 promotion. 

Toyota showroom is truly sad though...hardly anyone. I walked off shaking my head on the price of camry… I think 140K for that. And the new corolla.... its quite disappointing. 

Honda was also like a dead town too..

 

when economy is bad, only the rich are buying,,,,,

[Newbie26]

3 hours ago, yishunite said:

No lah. Sure got some rebound after such huge drop. Lots of dealers put out incentive to ensure quota will be met ie. Coe price wont move much likely rise abit

Agree that after a big drop with reduced quota, highly unlikely to have another big drop

Trending down to 25k is possible over several bids

The last round the long CNY break plus covid-19 did play a role

Most showrooms now have screening, contact tracing plus reassurance of regular cleaning etc, these measures help to mitigate the worry some what

The popular jap cars (honda, toyota) have good number of bookings, well this is what agents said over the weekend, will know tomorrow  

[Lotr]

18 minutes ago, Newbie26 said:

Agree that after a big drop with reduced quota, highly unlikely to have another big drop

Trending down to 25k is possible over several bids

The last round the long CNY break plus covid-19 did play a role

Most showrooms now have screening, contact tracing plus reassurance of regular cleaning etc, these measures help to mitigate the worry some what

The popular jap cars (honda, toyota) have good number of bookings, well this is what agents said over the weekend, will know tomorrow  

Surely the sales will say that, otherwise more people will hold back their purchases

[Philipkee]

On 2/17/2020 at 4:50 PM, Jamesc said:

I put in my bid already. 

$2.

I showed my interest already.  By drinking the coffee at kah motor.   

[Jp66]

On 2/17/2020 at 4:50 PM, Jamesc said:

I put in my bid already. 

$2.

you are not alone 😀

Bidding status as at 18/02/2020 22:07:39 hrs

CategoryCurrent COE Price ($)QuotaBids Received

ACAR UP TO 1600CC & 97KW 1 982 75

BCAR ABOVE 1600CC OR 97KW 1 987 93

CGOODS VEHICLE & BUS 1 352 4

DMOTORCYCLE 1 577 27

EOPEN-ALL EXCEPT MOTORCYCLE 1 328 6

 

[Jamesc]

Just now, Jp66 said:

you are not alone 😀

Bidding status as at 18/02/2020 22:07:39 hrs

CategoryCurrent COE Price ($)QuotaBids Received

ACAR UP TO 1600CC & 97KW 1 982 75

BCAR ABOVE 1600CC OR 97KW 1 987 93

CGOODS VEHICLE & BUS 1 352 4

DMOTORCYCLE 1 577 27

EOPEN-ALL EXCEPT MOTORCYCLE 1 328 6

 

I hope everyone only bid $2 too.

[Jp66]

14 minutes ago, Jamesc said:

I hope everyone only bid $2 too.

if by tmr 3:50pm still $1, I wil submit $3 🤣

[Philipkee]

8 hours ago, Jp66 said:

if by tmr 3:50pm still $1, I wil submit $3 🤣

I will bid $4.

[Philipkee]

8 hours ago, Jp66 said:

you are not alone 😀

Bidding status as at 18/02/2020 22:07:39 hrs

CategoryCurrent COE Price ($)QuotaBids Received

ACAR UP TO 1600CC & 97KW 1 982 75

BCAR ABOVE 1600CC OR 97KW 1 987 93

CGOODS VEHICLE & BUS 1 352 4

DMOTORCYCLE 1 577 27

EOPEN-ALL EXCEPT MOTORCYCLE 1 328 6

 

Doubt it.  Ok.  Maybe got some put $2.  I am sure among the bids of $1000+ bids.  That is why once bids exceeds quota by 1, the numbers jump.  If everyone bids low or increases bids in increments of $1, then cat a coe should be below $1000 actually.

Or one person bid $2 and the next 982 bid $3  then coe is $3.

[Shaun-Ng]

likely drop by 1 to 2K only

[Sword28]

Hi guys,

many ppl are hoping that COE will crash and drop to $1.

just wanted to understand more.

if it really crashes to $1, the ppl that will benefit will be the ppl that booked a car and agent bid for them in that particular bidding, correct?

As in the total car price will be reduced by the COE rebate.

I doubt the car price will drop much because of the $1 COE so those that have not booked will not benefit as much. Correct?

Is my understanding correct?

 

[nerdymedic]

43 minutes ago, Sword28 said:

Hi guys,

many ppl are hoping that COE will crash and drop to $1.

just wanted to understand more.

if it really crashes to $1, the ppl that will benefit will be the ppl that booked a car and agent bid for them in that particular bidding, correct?

As in the total car price will be reduced by the COE rebate.

I doubt the car price will drop much because of the $1 COE so those that have not booked will not benefit as much. Correct?

Is my understanding correct?

 

the COE rebate won’t cover that much. maybe most beneficial for those who bid and got the cheap COE without a car yet, then they can go to a PI and buy a car without COE.

anyways, unless there’s a huge change, no matter how much the COE fluctuates up or down, the price quoted by AD won’t change that much. actually higher COE may equal to less profit margin for them

[savagedp82]

53 minutes ago, Sword28 said:

Hi guys,

many ppl are hoping that COE will crash and drop to $1.

just wanted to understand more.

if it really crashes to $1, the ppl that will benefit will be the ppl that booked a car and agent bid for them in that particular bidding, correct?

As in the total car price will be reduced by the COE rebate.

I doubt the car price will drop much because of the $1 COE so those that have not booked will not benefit as much. Correct?

Is my understanding correct?

 

Highly doubt we'll ever get there again. $1. If get there, then all those who got it shiok. Lol. 

[Dilemma]

Gut feeling is that the COE might drop this round due to the current situations ( Virus, Economy .. ).

But base on the number of post in this thread, seems like so much interest in this round. 

[Ody_2004]

4 minutes ago, Dilemma said:

 

But base on the number of post in this thread, seems like so much interest in this round. 

Fake interest I guess.. work from home.. clear leave.. nothing to do so come here create and enjoy some fun! 🤣

[Estrangable]

hmm...everything is slow currently plus working from home... I haven't logged in for years but still come in to kill some time.

[Dilemma]

8 minutes ago, Ody_2004 said:

Fake interest I guess.. work from home.. clear leave.. nothing to do so come here create and enjoy some fun! 🤣

Very difficult to say leh. Went to a few showrooms last weekend, it was indeed crowded.