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209 replies to this topic | 475 praises

#1

Posted 17 July 2017 - 01:14 PM

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2 things I can be very sure about for this bidding exercise:

- Premium for cat C will shoot up further in view of the sharp drop in quota come Aug, which most dealers deemed as unexpected

- Revenue for the bidding exercise shall continue to stay above $210 mil, with the help of high "income" fro cat C

 

And good luck to those waiting for their COE (and new ride). [wave]  [wave]

 

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The details of the July 2017 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 17 July 2017, 12 noon

Tender closes: Wednesday, 19 July 2017, 4.00 pm

Tender results: Wednesday, 19 July 2017 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 5,428 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,907

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,322

Category D: Motorcycles => 552

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 1,085

Category E: Open Category => 562


Behaviour shapes attitudes, and over a period of time, solidifies into beliefs.

#2

Posted 17 July 2017 - 04:06 PM

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Just a gut feel, but I think in this round we'll likely see some increase for all categories, with Cat D being the exception.


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#3

Posted 17 July 2017 - 04:32 PM

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it is going to be another interesting Wednesday 



#4

Posted 17 July 2017 - 05:49 PM

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🙏🏼 up or down moderately will do. Like that owner happy, dealer happy, govt happy 🤣🤣

#5

Posted 17 July 2017 - 05:58 PM

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Any other popular launches other than Toyota Harrier? I don't expect huge demands in Mazda CX-5 or Audi Q5, Mazda is a niche player and Q5 is too expensive for its own good.

#6

Posted 17 July 2017 - 06:20 PM

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If they really want to curb car population, then make it coe . Sure cut down car population... No need such complicated system.... Cheers
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#7

Posted 17 July 2017 - 06:34 PM

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Friend went down to Borneo yesterday and was told be SE who was his friend actually that they sold close to 400 Harriers since it was launched. Borneo managed to secure some of the COEs last round so surely Cat B will be under pressure not only this round but in the months ahead and delivery is now up to Dec 2017 so I'm expecting at least a $2k rise in this category and also Open. Meanwhile, Mazda is committing guaranteed COE for their newly launched CX5!

 

Cat A should be flat or slight increase as no major new models being launched but there are bookings for the facelifted Altis which traditionally is a best seller. Euro 6 engine resulting in slightly higher hp and torque plus added safety airbags makes it a popular B & B car, my 2 cents. 


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#8

Posted 17 July 2017 - 06:34 PM

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If they really want to curb car population, then make it coe . Sure cut down car population... No need such complicated system.... Cheers

The difference is if they fix it at $200k, everyone will kpkb about government not being fair. With the current bidding system they can say I only ask for base price $1, you guys are the ones who compete to bid high to pay me more happily.

Edited by Ct3833, 17 July 2017 - 06:35 PM.

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#9

Posted 17 July 2017 - 06:43 PM

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Hope MCFers get their COEs, LTA 發 Ah!
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#10

Posted 17 July 2017 - 06:45 PM

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Friend went down to Borneo yesterday and was told be SE who was his friend actually that they sold close to 400 Harriers since it was launched. Borneo managed to secure some of the COEs last round so surely Cat B will be under pressure not only this round but in the months ahead and delivery is now up to Dec 2017 so I'm expecting at least a $2k rise in this category and also Open. Meanwhile, Mazda is committing guaranteed COE for their newly launched CX5!

Cat A should be flat or slight increase as no major new models being launched but there are bookings for the facelifted Altis which traditionally is a best seller. Euro 6 engine resulting in slightly higher hp and torque plus added safety airbags makes it a popular B & B car, my 2 cents.

If cat A got not much models to choose from, wont it drop? So isnt it better to buy now then wait for euro 6 to increase price? Sorry... Me really confused by all the new rulings... My only concern is buy when then its cheaper...

#11

Posted 17 July 2017 - 06:57 PM

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If cat A got not much models to choose from, wont it drop? So isnt it better to buy now then wait for euro 6 to increase price? Sorry... Me really confused by all the new rulings... My only concern is buy when then its cheaper...

 

Cat A not having new models is what I'm gathering thru reading in MCF, newspapers, internet etc so my conclusion is that it would remain flat or marginal increase (cos Altis does have some bookings) but this is my conjecture only so I could be wrong.

 

As to when is best time to book, your guess is as good as mine! In theory, next year should increase due to VES introduction. As for the remaining of the year, due to poor market sentiment, in theory, COE shld go down but then again COEs have proven to be resilient esp as those on the sidelines may rush in to beat the 2018 deadline so it may go up.

 

My advice which also echoes what most forumers always say is to buy if you can afford n if you are happy with the model chosen. Not always possible to buy at the lowest so buying at your comfortable level is good enough, good luck!!


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#12

Posted 17 July 2017 - 07:06 PM

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Fully agree.... But still dreaming to have something cheap, economical and yet powerful... :)
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#13

Posted 17 July 2017 - 07:13 PM

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Everybody's dream......

#14

Posted 17 July 2017 - 08:01 PM

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I think cat a will drop 5k due to weak demand and no new models. Cat b n e maintain at around 50k. Cat c will cheong n close above cat a n b.

#15

Posted 17 July 2017 - 08:10 PM

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If cat a drop 5k,then bezza will be around 66k....but too bad my current drive will only expire in april next yr... Haiz...

#16

Posted 17 July 2017 - 08:17 PM

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Can anyone advise how does the coe bidding works? Eg... If bid is at $2, does it means next bid have to be higher than $2?

#17

Posted 17 July 2017 - 08:23 PM

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the discussion on direction of coe prices will be eternal

 

unless there is a major crisis, support level of around 30-40k will always be there bec there are limited roads and cars and the pent up demand will always be strong

 

my own guess is that over a course of 10 years, this is a very good time to hunt or buy if the model and price are right for you.

 

just over 2 years ago, coe prices are >75k 

 

colleague bought Mazda 3 for>130k, now is close to 100k or even less

 

cant expect rice to drop another 30k [laugh]  

 

Cat A not having new models is what I'm gathering thru reading in MCF, newspapers, internet etc so my conclusion is that it would remain flat or marginal increase (cos Altis does have some bookings) but this is my conjecture only so I could be wrong.

 

As to when is best time to book, your guess is as good as mine! In theory, next year should increase due to VES introduction. As for the remaining of the year, due to poor market sentiment, in theory, COE shld go down but then again COEs have proven to be resilient esp as those on the sidelines may rush in to beat the 2018 deadline so it may go up.

 

My advice which also echoes what most forumers always say is to buy if you can afford n if you are happy with the model chosen. Not always possible to buy at the lowest so buying at your comfortable level is good enough, good luck!!

 


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#18

Posted 17 July 2017 - 09:38 PM

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the discussion on direction of coe prices will be eternal

 

unless there is a major crisis, support level of around 30-40k will always be there bec there are limited roads and cars and the pent up demand will always be strong

 

my own guess is that over a course of 10 years, this is a very good time to hunt or buy if the model and price are right for you.

 

just over 2 years ago, coe prices are >75k 

 

colleague bought Mazda 3 for>130k, now is close to 100k or even less

 

cant expect rice to drop another 30k [laugh]  

 

Mazda 3 for $130k  [crazy] . 3 years ago think a Vezel also cost about this price. 



#19

Posted 17 July 2017 - 09:52 PM

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My bro in law bought a crv for $160+k in those time...think around 2014...

#20

Posted 17 July 2017 - 09:53 PM

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I think cat a will drop 5k due to weak demand and no new models. Cat b n e maintain at around 50k. Cat c will cheong n close above cat a n b.

Remember that cat A is more for price conscious buyers than new models. Given that fewer coes in the coming months many on the sidelines may actually pull the trigger


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