COE Bidding – 2nd Round of September 2017

[Tsyeo]

Now already 88x bids.. Normally past few rounds of bids, around this timing, have so many bids? I know the bid game only start last 30mins, n last 5mins most crucial.

 

Wonder if its pc programmed to bid or real humans bidding? Also can ownself bid at posb atm.

 

As of 1315 pm, the bids receive cross 1000. Very high chances COE will increase a lot.

Good luck for those bidding for COE.

[Kusje]

Is that you Wong Kan Seng? Enjoying your retirement?

 

he forgot to mention c. COE stays at current levels.

[garho85]

 To save money, just buy a VES neutral car in 2018. COE will surely drop by then as a $10,000 or $20,000 VES surcharge will definitely reduce overall demand

 

Seem like whoever can bring in more VES neutral car, they likely to dominate SG car market  

 

So far, which car is confirmed as VES neutral car?

[Vinceng]

Cat A will be 40k till end of year.

 

I have a se friend.

 

Really friend kind. Knew him during NSF.

 

He said the bookings extremely strong till end of year.

 

It won't hit 45k cos their Coe bidding reserved price at most 42k.

 

So expect between 36k - 42k till end of year.

 

With Uber and Grab out of the picture, this is highly possible.

[Kzone]

With Uber and Grab out of the picture, this is highly possible.

 

with the last drop in COE, it brings in many new demand that previously were not considering to buy or change car. Problem is once u go to showroom to check out cars, many will still buy even if the COE went back to previous level.

Edited September 20, 2017 by Kzone

[JQ01]

Now already 88x bids.. Normally past few rounds of bids, around this timing, have so many bids? I know the bid game only start last 30mins, n last 5mins most crucial.

 

Wonder if its pc programmed to bid or real humans bidding? Also can ownself bid at posb atm.

 

From the Sept 1st Round thread, at 324pm still not cross 1000.

 

COE Open Bidding

Bidding will end on 06/09/2017 16:00 hrs

Bidding status as at 06/09/2017 15:24:26.00 hrs

 

Category Current COE Price ($)      Quota  Bids Received

A CAR UP TO 1600CC & 97KW      1,820    1        991

B CAR ABOVE 1600CC OR 97KW    1,290  1     1,214

[sbs2716g]

1146 bids for CAT A..

 

think CAT A should have more than 3200 bids this time round.

[clasher]

ADs have nothing to gain when COE shoot up, COE rebate level is where their profit is optimal, lower than COE rebate level doesn't affect their profit level, but higher than that will result in a reduction in their profit

You forgot about bank loans. Higher coe will result in higher loan amounts. Most AD have tie ups with banks, so it's in their interests not to let coe levels dip too low

[Friendstar]

With Uber and Grab out of the picture, this is highly possible.

Got people laugh at me leh

[Winningeleven]

Yes. Very high number of bidders at the current time I posted. 13xx. Usually after 3pm then we have this number.

[Lotr8445r]

CVES applies to all cars registered after 1 Jan 2018.

 

If your car you buy now and is only registered after 1 Jan 2018, then Gongxi, you might be liable for cves

I doubt so. Once we signed the dotted line, both party agreed with the final selling price of the car.

 

Your perspective is like when coe is later up by 10k or down by 10k, buyer top up or get back 10k difference vs current coe price

[Sotong07]

On a selfish note, hope CAT A will drop further.    

[Tsyeo]

1146 bids for CAT A..

 

think CAT A should have more than 3200 bids this time round.

 

Cat A now already exceeded the quota. now S$26001

[Sotong07]

$31004 @ 13:56hrs

[Diramorius]

if you have already signed on guaranteed COE.....

 

you should be hoping for COE to rise as high as possible? correct?

[Tsyeo]

if you have already signed on guaranteed COE.....

 

you should be hoping for COE to rise as high as possible? correct?

 

This round is good for those sign with guarantee COE.

CHEERS!!!!

[seanjin]

wow, cat A break egg so fast this round...

[casualrider]

2 more hours.