COE Bidding – 2nd Round of January 2018

[Lotr8445r]

Basically those who booked their cars during the Motor Show last week & secured their COEs this round, made some losses on paper value (which affects resale value) and did not have a good deal afterall.

Depend on how high is their rebate level. Some might recieve their rebate due to lower coe price

Has any dealers started to drop price already? This round of COE is after a major motor show yet still unable to push up COE price? Next round will be interesting .

U chart expert didnt check the past few years similar Jan Motorshow result? Edited January 18, 2018 by Lotr8445r

[KKTAN]

Basically those who booked their cars during the Motor Show last week & secured their COEs this round, made some losses on paper value (which affects resale value) and did not have a good deal afterall.

Generally, dealers control and knows roughly the coe levels every round. Their bidding ability are pegged to the quoted selling price of the car. Some dealers at the motorshow already pegged their rebate at $44k n some lucky buyers would have gotten rebates during this round.

[iphone8]

Basically those who booked their cars during the Motor Show last week & secured their COEs this round, made some losses on paper value (which affects resale value) and did not have a good deal afterall.

If scrap after 10 years then no affect.

Anyway, COE drop does not mean car price drop.

[Wildfaye29]

http://www.straitstimes.com/singapore/transport/car-coe-average-monthly-quota-to-shrink-by-35-for-feb-to-april?xtor=CS3-17

 

Quota drop. Coe go up!

 

Wahaha

[Wt_know]

this kind of headline ... siao liao!

Edited January 18, 2018 by Wt_know

[RH1667]

this kind of headline ... siao liao!

Ok lah, just slight reduction for Cat A,  not a lot. 

no scare, no scare

 

But hor, Cat B increased quota 

Edited January 18, 2018 by RH1667

[Vinceng]

As long as Uber and Grab are out of the picture, the reduction in quota has hardly any impact on prices.

 

I also question the timing of this news – what is the hidden agenda? To drive sales, and eventually revenue from COE?

[Soya]

As long as Uber and Grab are out of the picture, the reduction in quota has hardly any impact on prices.

 

I also question the timing of this news â what is the hidden agenda? To drive sales, and eventually revenue from COE?

To pay for the $1B worth of buses...

[Heman75]

Basically those who booked their cars during the Motor Show last week & secured their COEs this round, made some losses on paper value (which affects resale value) and did not have a good deal afterall.

ppl have to understand they give cheap price which mean there is only that much they can bid for your coe. they will not over bid the coe for you at the price you booked unless they desperate to meet target which usually year end.

[RogerNg_185295]

Drive panic into buyers. 

As long as Uber and Grab are out of the picture, the reduction in quota has hardly any impact on prices.

 

I also question the timing of this news – what is the hidden agenda? To drive sales, and eventually revenue from COE?

 

[Lotr8445r]

Drive panic into buyers.

We all know coe quota will start to shrink if based on 10 year cycle. If potential & can afford to buy car dont buy at this year, when should they buy then? Next year?

[andrewyewkc]

The coe oic sure kana a call from pm lee

http://www.straitstimes.com/singapore/transport/car-coe-average-monthly-quota-to-shrink-by-35-for-feb-to-april

 

You are right man, the call came very quickly, quick response the following day.

[Evillusion]

As long as Uber and Grab are out of the picture, the reduction in quota has hardly any impact on prices.

 

I also question the timing of this news – what is the hidden agenda? To drive sales, and eventually revenue from COE?

it has been like that for a few month especially after they announce the cev thingy and many jumped into the bandwagon thinking they will lose more if they wait any longer. This month news about the etaxi growth and the lesser coe for cat a will surely put more fears for those waiting on the sidelines......haiz

[Fitvip]

Thanks.

You are most welcome!

[Takashinzy]

So how cheap will attrage be?

 

64k?

69999 when coe was 38k. now latest pricing is 69999 still despite coe 36.8k.

well done dealers!

[Mzrmazda3]

69999 when coe was 38k. now latest pricing is 69999 still despite coe 36.8k.

well done dealers!

 

Now pricing starts from 67999 from their latest price list

 

 

Edited January 18, 2018 by Mzrmazda3

[Kurty]

Now pricing starts from 67999 from their latest price list

 

where you see the latest price list?

 

I was browsing sgcarmart and attrage, is tag as POA.

POA stands for?

[KKTAN]

Generally, cannot contradict Govt policy lah, I.e. to reduce car ownership and encourage people to take public transport n adopt car sharing. I find it strange that people are still speculating and expecting cheap COEs. Gone are the heydays n the only way for coe to crash is for the bidding system to crash at the last 10mins before closing.