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COE Bidding – 2nd Round of June 2017


Carbon82
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looks like all money go to bet on "Lee" or "Lees", nobody buying car liao.  [laugh]  [laugh]  [laugh]

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Supercharged

 

A - 42,801
B - 47,501
 
Hee hee... I quite close.  [laugh]

 

 

so what's your next prediction?

 

up or down?

 

I say down somemore

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(edited)

so what's your next prediction?

 

up or down?

 

I say down somemore

First, CONGRATS to those who have secured their COEs!  [bounce2]  [bounce2]

 

my anticipation is up. why? because after two down, dealers lower their price, the reduced price will appeared "so cheap" to the potential buyers, all chiong in to place order, next round COE bidding you an see all the down got wiped out within 1 exercise . 

Edited by Ct3833
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so what's your next prediction?

 

up or down?

 

I say down somemore

 

 

yes i think down some more

 

those who are waiting, no need to rush in now

 

 

think Sep will be the lowest point in 2017

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(edited)

Cat A lowest since Feb 2016 ($43,000)

Cat B lowest since Feb 2017 ($48,209)

Cat E lowest since Feb 2017 ($48,556)

 

 

will it get lower? :o

Edited by Defcon
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Now new cars are getting a bit more affordable. Don't know should I buy new car or secondhand car. Secondhand car getting more and more expensive.

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they got so many cars (more than 55000 including those private companies), but only 30000 application for PDVL as of end May (plus maybe another 10 000 TVDL holder).... lots of PR are unable to drive after June 30.

 

so you think LCR/Grab rental will still go bid for new COE? 

 

 

This round confirmed PH punctured liao. They have already got the numbers they wanted. 

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(edited)

Cat A lowest since Feb 2016 ($43,000)

Cat B lowest since Dec 2016 ($46,229)

Cat E lowest since May 2016 ($44,001)

 

 

will it get lower? :o

 

CAT A lowest since Mar 2011 ($42,600)

 

six years low for CAT A!!!

 

 

 

 

 

 

 

 

Now new cars are getting a bit more affordable. Don't know should I buy new car or secondhand car. Secondhand car getting more and more expensive.

 

 

in today's market, new car has lower depreciation

 

new car more value for money if using long term (more than 3 years)

Edited by TangoElite
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Supercharged

Now new cars are getting a bit more affordable. Don't know should I buy new car or secondhand car. Secondhand car getting more and more expensive.

 

continue to hold if you can.

don't impulse buy, market is poor and unsound..

 

I rather you go for new car, work on your maths.

let the dealers burn and run dry

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(edited)

Congrats to all who have secured.

 

There should be some price drop at the dealers' end.

 

But it will not be the full extent of the COE drop.

 

USD has risen recently and it will have some effect on the cost structure. Roughly a 2% rise relative to SGD has about 1K effect on the cost of an entry level car, assuming that the import cost is through USD.

 

Buy new car also benefit dealers.

 

Authorised dealers or parallel import dealers.

 

Only secondhand dealers burn and run dry.

 

New car makes more sense but the cost outlay is much larger.

 

continue to hold if you can.

don't impulse buy, market is poor and unsound..

 

I rather you go for new car, work on your maths.

let the dealers burn and run dry

 

Edited by Showster
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First, CONGRATS to those who have secured their COEs!  [bounce2]  [bounce2]

 

my anticipation is up. why? because after two down, dealers lower their price, the reduced price will appeared "so cheap" to the potential buyers, all chiong in to place order, next round COE bidding you an see all the down got wiped out within 1 exercise . 

 

Cat A dropped around 7K (52K to 45K) since april. but does not seem like a lot of ppl rush in...

 

May 2nd bidding, Cat A dropped from 51K to 46.5 K (with 2600 bids). so 700 unsuccessful bids

but June 1st bidding, Cat A dropped to 45K  (with 2200 bids),  this round is 2300 bids but dropped further to 42.8K...

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Turbocharged

i think it will continue to remians weak. 1st is ecconomy and uncertainty. 

 

those who are buying but in no hurry will wait. why rush if it is likely to drop some more? you want the best price right. even if it drops to $30k then move up to $35k, it is still much lower then $43k. 

 

good luck but once committed, move on. 

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(edited)

continue to hold if you can.

don't impulse buy, market is poor and unsound..

 

I rather you go for new car, work on your maths.

let the dealers burn and run dry

Agree with you. I will return one COE by end of this month, not making further move.

Cat A dropped around 7K (52K to 45K) since april. but does not seem like a lot of ppl rush in...

 

May 2nd bidding, Cat A dropped from 51K to 46.5 K (with 2600 bids). so 700 unsuccessful bids

but June 1st bidding, Cat A dropped to 45K (with 2200 bids), this round is 2300 bids but dropped further to 42.8K...

Good observation! The market is certainly weak, but to what extent COE will drop is yet to see. My take is it wont go too low because there is a supply and demand limiting the movement. 40+k is probably the min. Edited by Ct3833
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