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316 replies to this topic | 431 praises

#1

Posted 04 November 2016 - 02:28 PM

Carbon82
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29dv3p4.png

2uyg8d3.png

UynS5Tal.png

The details of the November 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:


Tender opens: Monday, 7 November 2016, 12 noon
Tender closes: Wednesday, 9 November 2016, 4.00 pm
Tender results: Wednesday, 9 November 2016 (Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 4,261 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:
Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,929
Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,347
Category D: Motorcycles => 399

TRANSFERABLE CATEGORIES:
Category C: Goods Vehicles and Buses => 185
Category E: Open Category => 401


I make a quick comparision with last bidding exercise, and surprisingly, only Cat A experienced a more "significant" cut in quota (less 94 COE), while quota for the other categories remain largely untouch or inline with LTA previous announcement on COE quota from Nov 2016 - Jan 2017.

Cat A
Oct 2nd Bidding => 2,023
Nov 1st Bidding => 1,929
Changes => -94 (-4.6%)

Cat B
Oct 2nd Bidding => 1,340
Nov 1st Bidding => 1,347
Changes => +7 (+0.5%)

Cat C
Oct 2nd Bidding => 360
Nov 1st Bidding => 399
Changes => +39 (+10.8%)

Cat D
Oct 2nd Bidding => 188
Nov 1st Bidding => 185
Changes => -3 (-1.6%)

Cat E
Oct 2nd Bidding => 429
Nov 1st Bidding => 401
Changes => -28 (-6.5%)

 

P/S: There seems to be some issues with tinypic.com, as well as the alternate photo uploading site I am using (the chart cannot be displayed). So I have attached the latest 2015 & 2016 chart via MCF attachment for your reference.

Attached Thumbnails

  • IMG_0959.PNG

Edited by Carbon82, 04 November 2016 - 02:51 PM.

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#2

Posted 04 November 2016 - 02:33 PM

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29dv3p4.png

2uyg8d3.png

UynS5Tal.jpg

The details of the November 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 7 November 2016, 12 noon
Tender closes: Wednesday, 9 November 2016, 4.00 pm
Tender results: Wednesday, 9 November 2016 (Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 4,261 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:
Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,929
Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,347
Category D: Motorcycles => 399

TRANSFERABLE CATEGORIES:
Category C: Goods Vehicles and Buses => 185
Category E: Open Category => 401


I make a quick comparision with last bidding exercise, and surprisingly, only Cat A experience a more "significant" cut in quota (less 94 COE), while quotat for the other categories remain largely untouch or inline with LTA previous announcement on COE quota from Nov 2016 - Jan 2017.

Cat A
Oct 2nd Bidding => 2,023
Nov 1st Bidding => 1,929
Changes => -94 (-4.6%)

Cat B
Oct 2nd Bidding => 1,340
Nov 1st Bidding => 1,347
Changes => +7 (+0.5%)

Cat C
Oct 2nd Bidding => 360
Nov 1st Bidding => 399
Changes => +39 (+10.8%)

Cat D
Oct 2nd Bidding => 188
Nov 1st Bidding => 185
Changes => -3 (-1.6%)

Cat E
Oct 2nd Bidding => 429
Nov 1st Bidding => 401
Changes => -28 (-6.5%)

Good Luck to all waiting for COE!! Cheers!!
Carbon82 praised this

#3

Posted 04 November 2016 - 02:52 PM

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Thanks bro Carbon82 for the continual effort made so far [thumbsup]  [thumbsup] [thumbsup]  


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#4

Posted 04 November 2016 - 02:59 PM

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I think the impact of reduced quota and car show is much less than the impact of private rental company's bidding. If they bid less, COE would drop.



#5

Posted 04 November 2016 - 03:02 PM

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All upzzzz

 

Cat A $52K-54K

Cat B $56K-58K

 

i reckon. . . . . . .



#6

Posted 04 November 2016 - 03:04 PM

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The main factors for a higher COE:

 

- year end bonus

- expo sales

- coming CNY demand

- follow on demand for the Motor Show

- decreased COE quota

- pent up three week demand

 

Factors for a lower COE

 

Market uncertainly

Uber and Grab demand petering out?

 

My take

 

55-60k for Cat A and Cat B

60k for open Cat


Edited by therock, 04 November 2016 - 03:04 PM.

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#7

Posted 04 November 2016 - 03:11 PM

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All upzzzz

 

Cat A $52K-54K

Cat B $56K-58K

 

i reckon. . . . . . .

 

understand from PI, typically +/- range $5k from the last round bidding is the typical fluctuation.



#8

Posted 04 November 2016 - 03:59 PM

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All cat down $1000 - $2000



#9

Posted 04 November 2016 - 04:09 PM

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94 cut for Cat A quota, meaning about 47 less per coe round? Actually doesnt make any great difference lo, but ADs say until the coe quota cut like a lot and price will up a lot also? Overall i think coe might go up during the first bid in nov, but subsequent coe bidding then hard to say. Might come down also since economy really not say very good lo. Coe should still hover around $50k +- la.


Edited by 13177, 04 November 2016 - 04:10 PM.

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#10

Posted 04 November 2016 - 04:13 PM

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94 cut for Cat A quota, meaning about 47 less per coe round? Actually doesnt make any great difference lo, but ADs say until the coe quota cut like a lot and price will up a lot also? Overall i think coe might go up during the first bid in nov, but subsequent coe bidding then hard to say. Might come down also since economy really not say very good lo. Coe should still hover around $50k +- la.

 

if they dont say this way, how to get people to quickly faster sign on dotted line ? 



#11

Posted 04 November 2016 - 04:23 PM

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as car sale person i will obviously tell you to quickly buy otherwise sure go up. but i am not in car sale haha
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#12

Posted 04 November 2016 - 04:30 PM

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does it mean COE quota peak already has passed over, subsequently quota will gradually shrink until wave bottom 2022?



#13

Posted 04 November 2016 - 04:38 PM

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if they dont say this way, how to get people to quickly faster sign on dotted line ? 

True also. Even next round coe might not go up, and yet sales people might tell potential buyer faster signed, and existing customer faster top up. If not coe will go up and up and up. Lol.


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#14

Posted 04 November 2016 - 04:55 PM

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All cats drop this time round

#15

Posted 04 November 2016 - 05:19 PM

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If COE up - blame Uber + garmen

 

If COE down - blame economy + garmen

 

I summarise already

 

savvy  ?

 

:XD:


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#16

Posted 04 November 2016 - 05:27 PM

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Good Luck to all waiting for COE!! Cheers!!

need more than luck..... Need $$$$$$!
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#17

Posted 04 November 2016 - 05:30 PM

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If COE up - blame Uber + garmen

If COE down - blame economy + garmen

I summarise already

savvy ?

:XD:

If COE unchanged - kelong liao

need more than luck..... Need $$$$$$!

No $$$$$$ ... no talk ... no 🚘🚘🚘🚘🚘🚘
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#18

Posted 04 November 2016 - 05:50 PM

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All cats drop this time round

 

I oso hope so, really hope so



#19

Posted 04 November 2016 - 06:31 PM

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True also. Even next round coe might not go up, and yet sales people might tell potential buyer faster signed, and existing customer faster top up. If not coe will go up and up and up. Lol.

Every coe bidding time, we will always see folk commenting that the subsequence coe trend will base on current round result. When current round published with up trend, the next round of coe, similar group of folk will repeat the same comment all over again again.

This has kind of post has been observe since coe is at ~40k lvl. Isnt that a joke?
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#20

Posted 05 November 2016 - 09:59 AM

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Mercedes just had a full center page (2pages) on straitstimes today. Those who predict COE will go up can say, with merce advertise this way, COE will sure to go up.
Those who predict COE will come down can say even last week before COE bidding still need to advertise big big, that means no demand, COE will come down.
So predicting COE price movement is subjective. But the reality is there wont be big swing and COE will not likely to crash. The current demand from individual is weak against the quota available, but there are many more other influencing factor around the coe price.

By the way, SPH would usually advertise full page after car expo to boast the total number of car sold and to thank their participating dealers, did we see any this round ? No number to boast about or i missed that newspaper ?

Edited by Ct3833, 05 November 2016 - 10:26 AM.



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