COE Bidding – November 2021

[Lotr]

How low is Tesla's margin? 10k?

[Calvin8808]

8 minutes ago, Fitvip said:

@Calvin8808 Cannot lah, unless the work pass holder stays permanently outside Singapore. The vehicle has to be in his name and it has to be used or kept at least 6 hours outside Singapore everyday. In addition, he has to purchase Autopass for paying of fees and charges. The vehicle must have valid insurance policy. 

So everyday must drive back home to Malaysia? 

[Calvin8808]

Anyway what's everyone prediction for today?

 

[Lotr]

1 minute ago, Yongwd said:

today bidding look pretty aggressive ...

 

Yep, looks strong

After last bidding, one industry player commented that the no. of unsuccessful bids is equal to the quota of this bid.

[Fitvip]

3 minutes ago, Calvin8808 said:

So everyday must drive back home to Malaysia? 

Haha, that is the condition. The vehicle has to be outside Singapore for 6 hours everyday!

[D3badge]

1 hour ago, Jtis said:

Depends how you look at it. I am no fan of higher coe prices, everyone is affected, i will also be impacted in a few years' time. But with a lower quota, prices will go up regardless. Just a matter of how much, how fast.

I still support the low profit margin direct sales model by Tesla. The buyers of Tesla authorised the coe bidding with their eyes open, it is bid what you are prepared to pay. If prices were to go up, I rather the price increase goes to higher coe prices that has residual value to the individual car owner, rather than it going to the mid 5 digit dealer markups,  which vanishes the minute you drive out from the showroom.

The middleman dealer markups in Singapore are obscenely high, highest in the world if I am not wrong. Of course, the reality is that in short term, there is going to be both coe increase plus obscene dealer markup, propelling the new car prices to the moon.

Really, I am hoping that this loss of market share for the traditional car dealers, will make them rethink their obscene markups, since their cars are not competitively priced. Singaporeans drivers are already paying through their noses for the privilege of driving. Why continue to be the carrothead to the dealers? 

that why in reality on pure EV cars sales, Tesla still in RED.....

6 months ago article

The company had an income of $438 million, including a $101 million "positive impact" from the sale of Bitcoin, and $518 million from selling zero-emission regulatory credits to other automakers. That means Tesla continues to lose money making and selling vehicles.

https://www.caranddriver.com/news/a36266673/teslas-q1-2021-earnings-call-questions/

[darviathan]

8 minutes ago, Calvin8808 said:

Anyway what's everyone prediction for today?

 

 

On 11/1/2021 at 4:23 PM, darviathan said:

I think COE this time round will go up.

Cat A 59K Cat B 91K

 

just like petrol, up up up 😂

my prediction. lol

[Heartbreakid]

This era is about everything UP in prices.

[Ct3833]

My guess

CAT A - 58K

CAT B - 85K

Open CAT 91k

Edited November 3, 2021 by Ct3833

[Calvin8808]

30 minutes ago, Fitvip said:

Haha, that is the condition. The vehicle has to be outside Singapore for 6 hours everyday!

Like that better still, even house also buy Malaysia. So much cheaper

[Mkl22]

4 minutes ago, Calvin8808 said:

Like that better still, even house also buy Malaysia. So much cheaper

if you can tahan the commute on weekdays.

[Ingenius]

4 hours ago, Calvin8808 said:

Well, I'm happier being a Singaporean and paying higher prices for cars, properties and just about anything instead of being a Malaysian for the environment, security, political stability, efficiency, anti-corruption and many other things. Well everything have it's pros and cons and I'm happy where I am.  

By far the best post I have read this week . 

Edited November 3, 2021 by Ingenius

[Calvin8808]

1 minute ago, Mkl22 said:

if you can tahan the commute on weekdays.

It's not the commute that I cannot tahan. It's staying in Malaysia I cananot tahan. Haha 

Btw I mean staying as in long term. Short term I'm fine

Edited November 3, 2021 by Calvin8808

[Calvin8808]

Cat A = $57K

Cat B = $84K

[Ahpan]

My guess

 

CAT A = $60K
CAT B = $85K

Edited November 3, 2021 by Ahpan

[Freeder]

A=65

B=85

6585– All-in…

Bloodbath Cumming.. the final countdown..AMTF🙏🏻

Edited November 3, 2021 by Freeder

[Invigorated]

My guess from the speed it's coming in..

Cat A @ 55k

Cat B @ 85k

 

[Yongwd]

Wow $66k for open Cat