COE Bidding – Feb 2025

[13177]

On 2/19/2025 at 3:53 PM, Spidey10 said:

aisayyy...neber crash ahhh

Coe bidding closed at.

Cat A: $92k.

Cat B: $109k.

Cat A increased another $7k! 😅

[Tianmo]

On 2/19/2025 at 3:57 PM, Tohto said:

Look like still up up and away.... 😂

I know you happy like DUCK rite?

 

[Spidey10]

On 2/19/2025 at 4:01 PM, 13177 said:

Coe bidding closed at.

Cat A: $92k.

Cat B: $109k.

Cat A increased another $7k! 😅

sad day...

[Good_man]

Total bid : 2,290, where Quota is 1149, almost 2 to 1

[13177]

On 2/19/2025 at 4:06 PM, Good_man said:

Total bid : 2,290, where Quota is 1149, almost 2 to 1

Not surprise that more bid received for Cat A since last round dropped to $85k lo, sure more people go in to buy car.

[Mustank]

😅

[Melody288]

On 2/19/2025 at 4:06 PM, Good_man said:

Total bid : 2,290, where Quota is 1149, almost 2 to 1still 

Bcos still got people bid at $11. 

[leftturn]

Pent-up demand from people waiting for COE price to drop for over a year in 2024.

Growing acceptance for higher COE prrices at current levels.

LTA has cut and fill a big chunk of future supply from guaranteed deregisterations, though limited impact on price.

Demand will increase at a faster pace than supply in the next few years, unless more exsiting owners give up on car ownership.

Despite this, I believe COE price will comtinue to fall. COE bidding is a dealer's game and prices needs to fall as greater quantity of COE becomes available to market their cars to the average consumer.

[inlinesix]

Where is @Mockingbird?

[Mockngbrd]

[flabberdeet]

Cat A bids being almost double of quota is not surprising. 

There was a leak, so already cPHC companies had rushed in to bid in this round before it was originally supposed to take effect in the next round.

Even after LTA made it official that it affects this round, the cPHC companies will still have incentive to secure this locked-in COE as soon as possible, so the 3-year lock in can pass sooner than later.

Looking at Cat B and Cat E is where the real movement is, since cPHC companies are not highly vested in those categories. 

My guess (and guess only), is that the people who got priced out of this round's Cat A are mostly individual buyers. Within the next few rounds the bid-to-quota ratio should return back to normal (usually bids about 300-400 more than quota).

 

 

 

Edited February 19 by flabberdeet

[Freeder]

Suddenly why got so many LTA sexperts here?🤭

[Ody_2004]

Mediacorpse ..

 

[Kar_lover]

On 2/19/2025 at 4:07 PM, 13177 said:

Not surprise that more bid received for Cat A since last round dropped to $85k lo, sure more people go in to buy car.

Yep so it's not mainly driven by PHV as what some perceived... i certainly didn't expect to rebound so much given that the increased quantity was for 3 months...

[RadX]

this could be a point to prove sinkies that it is not due to PHV and due to REAL demand from rich sinkies/non sinkies/dog/cat etc...

 

So let's see

[flabberdeet]

On 2/19/2025 at 4:57 PM, flabberdeet said:

Cat A bids being almost double of quota is not surprising. 

There was a leak, so already cPHC companies had rushed in to bid in this round before it was originally supposed to take effect in the next round.

Even after LTA made it official that it affects this round, the cPHC companies will still have incentive to secure this locked-in COE as soon as possible, so the 3-year lock in can pass sooner than later.

Looking at Cat B and Cat E is where the real movement is, since cPHC companies are not highly vested in those categories. 

My guess (and guess only), is that the people who got priced out of this round's Cat A are mostly individual buyers. Within the next few rounds the bid-to-quota ratio should return back to normal (usually bids about 300-400 more than quota).

 

 

 

Looks like I was wrong. LTA said >90% of Cat A secured by individual buyers.
 

Looks like Singaporeans really very rich. 
 

I think I should stick to my BMW liao… bus, MRT, walk. 

[Daniu82]

Got 1 uncle in car sales was interviewed on channel 8 news after the COE result and implementation of the new policy. He said “See, COE increase is not due to PHV!” Then I laughed. 🤣 

[Freeder]

On 2/20/2025 at 7:18 AM, Kar_lover said:

Yep so it's not mainly driven by PHV as what some perceived... i certainly didn't expect to rebound so much given that the increased quantity was for 3 months...

After erection then u all will know…

u all don’t be so happy yet especially all the so called EV & LTA sexperts here🤭

Then suddenly will be many Chartered Accts n Financial sexvisors will appear..WTF..