COE bidding - 1st round March 2017

[RadX]

alamak your name is not tianmokilan ..... sounds like in malay like "TaMoKalah" (dont/cannot want to lose one)

Ya lo

 

'Menang kalah tidak spa, itu gaya mesti ada'

[Blueray]

On private-hire car services affecting COE premiums, Mr Khaw said the evidence "does not suggest" premiums are going up as a result of private-hire car services.

 

He said the bids submitted during each cycle were "more or less" at the market rate, and that private-hire car firms were "not being particularly aggressive" in bidding. 

 

 

Khaw say one ...  

 

http://www.mycarforum.com/blog/12/entry-4820-market-for-taxis-and-taxi-like-services-doubles/

[Winningeleven]

Last time the coe bidding topic will be created only after LTA released the quota which always fall on Fri date. The creator would also did a good job to post the past coe data for reference.

 

Now is out of control liao.

[L23]

Last time the coe bidding topic will be created only after LTA released the quota which always fall on Fri date. The creator would also did a good job to post the past coe data for reference.

 

Now is out of control liao.

Are u missing yoyo?

[Pocy]

Are u missing yoyo?

........ and Ah Lim's analysis

[Teo1606]

Hard to say wor. My friend jazz miss by 1k last bidding.

mine miss by $100 bid by KM

[BanCoe]

Ya lo

 

'Menang kalah tidak spa, itu gaya mesti ada'

Awak Punya Bahasa Melayu tiada Kalah

[Handsomedi]

Last time the coe bidding topic will be created only after LTA released the quota which always fall on Fri date. The creator would also did a good job to post the past coe data for reference.

 

Now is out of control liao.

Yes fully agreee with you. Right now the thread is full of rubbish talk with things that is not related to coe

[mcflhw]

Yes fully agreee with you. Right now the thread is full of rubbish talk with things that is not related to coe

Some one post other languages here? For what?

[Philipkee]

mine miss by $100 bid by KM

Look on the bright side. They could have missed it by $1.00. Happened to some bros here iirc.

[RCTP]

Look on the bright side. They could have missed it by $1.00. Happened to some bros here iirc.

Wa that one really curse and swear liao.

[Pohtk]

Cat A: $46,000

Although the recent fear cause the COE to increase, the excess biddings is not consider high technically (can't just look at how much % fail bid, but do some analysis) throughout the history of bids.

 

​Cat B: $48,000

​​More harder to predict than Cat A and chances of it to stay at $50,000 is high. Still hope it goes south.

 

 

Now the only reason COE will remain the same or go north is SE induce "fear" to potential/desperate buyers that chances of COE shooting up in these few months is high.

​

 

[Sdf4786k]

Cat A: $46,000

Although the recent fear cause the COE to increase, the excess biddings is not consider high technically (can't just look at how much % fail bid, but do some analysis) throughout the history of bids.

 

​Cat B: $48,000

​​More harder to predict than Cat A and chances of it to stay at $50,000 is high. Still hope it goes south.

 

 

Now the only reason COE will remain the same or go north is SE induce "fear" to potential/desperate buyers that chances of COE shooting up in these few months is high.

​

 

car prices when it hit 75 to 90 K for COE, people still buy.

 

Just that when drop to 50 K the buyer profile shifts.

 

Now that it has drop to 40 to 60 K range, suddenly those that used to KPKB on high COE and swear to buy a car when it drop do not even think its worth buying unless it drop to 20 K

 

The fact is that the car prices do not drop in accordance to the COE.

[Pohtk]

car prices when it hit 75 to 90 K for COE, people still buy.

 

Just that when drop to 50 K the buyer profile shifts.

 

Now that it has drop to 40 to 60 K range, suddenly those that used to KPKB on high COE and swear to buy a car when it drop do not even think its worth buying unless it drop to 20 K

 

The fact is that the car prices do not drop in accordance to the COE.

 

Yup. When COE was 90k... only afew hundreds of cert available, a quarter of what we are having now .. so the cream of the crops can surely pay. The rest with smaller budget have to wait.

Now its those who bought cars at 10~20k COE last time are changing car now....  how many of these are willing to pay 50k? And most of them are marginal buyers.

With more COEs coming in, i don't think COE will go north in the current year or so. Its somehow like stock market.. its all about people's valuation.

[Sdf4786k]

Yup. When COE was 90k... only afew hundreds of cert available, a quarter of what we are having now .. so the cream of the crops can surely pay. The rest with smaller budget have to wait.

Now its those who bought cars at 10~20k COE last time are changing car now....  how many of these are willing to pay 50k? And most of them are marginal buyers.

With more COEs coming in, i don't think COE will go north in the current year or so. Its somehow like stock market.. its all about people's valuation.

 

I know of at least 3 person who bought brand new 

one bought Megane in the Subprime days at 68K

One bought Nissan Sunny 62K

 

Now happily retired and take cab / Uber or MRT which is more cost effective

 

With the aging population the business of carclub make sense

 

Especially with UBER having vast stock. Untapped market.

 

As long as carpark near train stop, I think big pool of people will want to rent on the weekend

[Pohtk]

I know of at least 3 person who bought brand new 

one bought Megane in the Subprime days at 68K

One bought Nissan Sunny 62K

 

Now happily retired and take cab / Uber or MRT which is more cost effective

 

With the aging population the business of carclub make sense

 

Especially with UBER having vast stock. Untapped market.

 

As long as carpark near train stop, I think big pool of people will want to rent on the weekend

 

Most of my frens bought their cars also at sub 60k when COE is 10k.Most of them sold their rides when COE is damn high, get some cash back or earn abit from it.

The rest might not buy new bcos of job uncertainty. The real outlook is around us, not from hear say.

 

So basically 30%+ of total COEs is due in the coming 1~2 years...  who can still say COE will remain high?

 

Its going be buyers market again when COE is cheap, less premium brands will shine once again, more fierce pricing within the premium brands, unlike the current "take it or leave it" attitude.

 

​Those who think U/G is bidding high on COE just have to wait. They can't perpetually keep on buying new cars. They will only buy new to replace older cars, which is what most ppl does. If they still buying strongly, our government will step in sooner or later, they not so stupid to let one or two companies to screw with our system. What if they suddenly withdraw their business from our country? hmm.. food for thoughts.

Edited March 5, 2017 by Pohtk

[Eyke]

Most of my frens bought their cars also at sub 60k when COE is 10k.Most of them sold their rides when COE is damn high, get some cash back or earn abit from it.

The rest might not buy new bcos of job uncertainty. The real outlook is around us, not from hear say.

 

So basically 30%+ of total COEs is due in the coming 1~2 years... who can still say COE will remain high?

 

Its going be buyers market again when COE is cheap, less premium brands will shine once again, more fierce pricing within the premium brands, unlike the current "take it or leave it" attitude.

 

âThose who think U/G is bidding high on COE just have to wait. They can't perpetually keep on buying new cars. They will only buy new to replace older cars, which is what most ppl does. If they still buying strongly, our government will step in sooner or later, they not so stupid to let one or two companies to screw with our system.

not when Gahment collects money from companies' screwing.

 

and dun forget that Gahment always seem to find way to prop up the market, usually by relaxing loan restrictions

[Pohtk]

not when Gahment collects money from companies' screwing.

 

and dun forget that Gahment always seem to find way to prop up the market, usually by relaxing loan restrictions

 

 

If our government just aims to collect $ from these companies irresponsibly, i dun think ppl will be happy. They wun want their next election to be affected. They are not doing anything right now is because they believe so far it benefiting most ppl. Lower cost and more competition.

 

They relax the restrictions because they believe its time to loosen the "grip", especially when times is not that good.

If there is no restriction... I dun think COE will be just 50k now.

 

Edited March 5, 2017 by Pohtk