COE - April 07 1st bidding exercise

[Quantum]

Since our COE man 'Ahyoo2002' has not switched on, just on behalf of him to post this for buttock itchy guys/gals to practice COE prediction

 

Now the status

 

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 2,165 160

B Car (Above 1600 cc) 1 1,149 7

C Goods Vehicle & Bus 1 479 4

D Motorcycle 1 478 115

E Open 1 1,092 113

[Ahyoo2002]

Haha,

 

I am late

 

but how come no one post at this thread

[Ahyoo2002]

For this round:

 

1) New COE quota kick in which saw quota for cat reduce by > 10%

2) There are still people who did not get their COE for the last 2 rounds.

3) GST will be increase to 7% in July

4) New Vios launch - Will it impact COE price ??????

[Ahyoo2002]

Bidding status as at 03/04/2007 23:14:18.73 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 2,165 752

B Car (Above 1600 cc) 1 1,149 246

C Goods Vehicle & Bus 1 479 77

D Motorcycle 1 478 166

E Open 1 1,092 625

 

 

Compare to:

Bidding status as at 20/03/2007 21:36:38.84 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 2,669 1,334

B Car (Above 1600 cc) 1 1,272 631

C Goods Vehicle & Bus 1 835 134

D Motorcycle 1 450 125

E Open 1 1,289 562

 

Compare to:

Bidding status as at 06/03/2007 22:31:37.52 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 2,687 1,884

B Car (Above 1600 cc) 1 1,274 903

C Goods Vehicle & Bus 1 681 158

D Motorcycle 1 471 111

E Open 1 1,282 674

 

 

It seems to me that although COE quota is reduced, but the bids received are reduced by much much more

[Alant]

I think point no. 1 & 2 should have more effect on the COE results. As read from other car forums, some ppl who booked their cars just after the COE crash have not secure COE yet...and their SE has asked them to top-up.

[Ahyoo2002]

COE price from last two rounds as a guide:

 

Bidding status as at 21/03/2007 16:00 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 13,504 2,669 4,752

B Car (Above 1600 cc) 14,652 1,272 1,840

C Goods Vehicle & Bus 1,091 835 1,022

D Motorcycle 1,001 450 554

E Open 14,502 1,289 2,217

 

Bidding status as at 07/03/2007 16:00 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 12,602 2,687 5,296

B Car (Above 1600 cc) 13,502 1,274 2,248

C Goods Vehicle & Bus 1 681 647

D Motorcycle 964 471 777

E Open 13,201 1,282 2,159

[Alant]

Lesser bids submitted might be due to less ppl wanted to top-up to get their COE this round?

[Ahyoo2002]

yah, quite true, but look at the bids received, do not seems to strong to me

 

So maybe better don't agree to top, what if COE drop how?

 

If agree to top up and COE drop, do we still pay for the top up ????

[Ahyoo2002]

even not agree to top up, they still have to put in the bid

[Try_conti]

that's because another thread was started earlier than this one

 

http://www.mycarforum.com/forum/General_C1...idding_P1821607

Edited April 3, 2007 by Try_conti

[Ahyoo2002]

yah, saw that thread too

Edited April 3, 2007 by Ahyoo2002

[Enotsol]

Even with all those factors, I don't forsee a huge increase in premiums for this bidding exercise because most potential buyers would already have jumped into the market when the COE crashed. Basically for the past couple of bidding exercises and the next two.. the companies are just clearing up the backlog and the pressure is already easing off.

 

My predictions:

CAT A = $14201

CAT B = $15401

CAT C = $1350

CAT D = $950

CAT E = $15501

 

[Alant]

Let see tomorrow after lunch...the figures should go up.

[Ahyoo2002]

for this round, I predict not much change in premium but see lesser bids receives

[Ahyoo2002]

action should start after 3pm tomorrow

[Ahyoo2002]

my bet:

 

Cat A: $13005

Cat B: $13888

Cat E: $14005

[Newkid]

my bet:

 

Cat A: $13500

Cat B: $14500

Cat E: $14400

[Harlic9]

my guess is:

 

Cat A: $13200

Cat B: $14300

Cat E: $14100