COE Bidding - November 2023

[Freeder]

On 11/8/2023 at 4:41 PM, Zxcvb said:

Those who got their COE from the previous bidding must be banging balls now. 🤣

Wondering what’s the new price now for Lexus RX350H ?

Last week price was ard $368k😅..

[Ct3833]

On 11/8/2023 at 3:49 PM, Kar_lover said:

Cat E break at $108k

 

Those who bidded cat E at 150k last round will have to hug their COEs tight tight now.

[13177]

On 11/8/2023 at 4:30 PM, Fcw75 said:

This cut-and-fill approach will not work. Instead of looking at the root cause of the issue, they just bring forward the COE.

Just use their eyes to take a look at the new SNM SNL SNN Toyota Voxy, Noah, Alphard and many others with the blue label on the road.

Ya, like i said they always like to resolve an issue with another issue, but the issue is still not resolved at all.

[Mustank]

f**k man knn

[Voodooman]

On 11/8/2023 at 4:41 PM, Mkl22 said:

Can. If arf paid is let’s say 20k assuming no rebates. Then 20% loss is customs. 25% is arf. Gst 8%, dealer mark up 100% of arf. Total should be less than $30K, export should get most of the body value back. 

Really? I was just saying it tongue in cheek. Crazy market, at this rate, we will need a PhD to buy a car in Singapore.

[Soya]

On 11/8/2023 at 4:10 PM, Fitmugen said:

He should be demoted for loss of COE revenue

.

 

Edited November 8, 2023 by Soya

[Knighthunter]

@Ct3833 uniquely owning car here…..those got 150k COE last bid slapped 40k lost even before driving the car…..

Edited November 8, 2023 by Knighthunter

[Ct3833]

On 11/6/2023 at 8:19 AM, Ct3833 said:

COE price should come down but wont be cheap enough for many to change car. My own suspicion is during the coming years when there are higher COE quota, LTA will implement negative growth to pull back the current over allocation, which will cause the COE price to stay reasonably high that there may be no more 30k or 50k COE.

 

i did say COE will come down but did not expect it to come down so much so quickly. But dealers are still in the trial and error state, next few bids will see some fluctuations before the price could stabilise.

The other thing is buyers must avoid rushing in now, otherwise , coe will go up again. 

 

On 11/8/2023 at 4:49 PM, Knighthunter said:

@Ct3833 uniquely owning car here…..those got 150k COE last bid slapped 40k lost even before driving the car…..

Most of these people are not owners, they are dealers who bidded for spares and some traders who just bid coe for sale, now they are stuck with the valuable coe.

 

 

[Mockngbrd]

[Mkl22]

On 11/8/2023 at 4:46 PM, Voodooman said:

Really? I was just saying it tongue in cheek. Crazy market, at this rate, we will need a PhD to buy a car in Singapore.

Scholars didn’t think about this as never before coe drop 40k. And previous coes were never as high as 150k so even if drop 30% at the 10year peak in 2013 was max 20-25k not enough to trigger a dereg to save. But this time 40k is substantial and if it continues to slide in the next 1-2mths 50-60k difference will trigger many dereg

[Enye]

wah ...zhun zhun drop to the level where the miw elite professionals are happy 

while still excluding peasants

😑😬

[Jamesc]

Why she show middle finger?

 

[Stratovarius]

Going shoroom nao!

[Alfc]

On 11/8/2023 at 4:56 PM, Ct3833 said:

i did say COE will come down but did not expect it to come down so much so quickly. But dealers are still in the trial and error state, next few bids will see some fluctuations before the price could stabilise.

The other thing is buyers must avoid rushing in now, otherwise , coe will go up again. 

 

Most of these people are not owners, they are dealers who bidded for spares and some traders who just bid coe for sale, now they are stuck with the valuable coe.

 

 

For dealers or PHV companies, if they have not registered a car with the previous COE, they can just let it lapse and forgo the $10k deposit. If my facts are right, they can easily bid it up with controlled downside risk for them.

[Jamesc]

People ask COE come down.

Now come down also not happy.

[Mustank]

On 11/8/2023 at 5:02 PM, Jamesc said:

People ask COE come down.

Now come down also not happy.

I want coe high until crasy

[Ginyu]

On 11/8/2023 at 5:02 PM, Jamesc said:

People ask COE come down.

Now come down also not happy.

Of coz mah because their car now cannot sell higher. Some was even hoping to drive for free 🤣

[Jamesc]

On 11/8/2023 at 5:08 PM, Mustank said:

I want coe high until crasy

Me too!

Now my used cars lose value.

Haiz

Edited November 8, 2023 by Jamesc