COE prices continue to head south - 5th Dec 07

[Ahyoo2002]

COE prices continue to head south

 

Prices continue to fall across the board in the latest tender, with the premium for bigger cars posting the biggest drop. -ST

 

Wed, Dec 05, 2007

The Straits Times

 

CERTIFICATES of Entitlement (COE) prices continue to fall across the board in the latest tender on Wednesday, with the premium for bigger cars posting the biggest drop.

 

That premium for cars above 1,600cc dived by more than $3,000 to end at a 10-month low of $13,114.

 

The COE for cars up to 1,600cc fell by more than $2,000 to finish at $12,001 - again one of the lowest this year.

 

The Open COE, used mainly for cars, was down by around $1,500 to end at $15,501.

 

Commercial vehicle COE closed at exaclty $13,000 - about $1,400 lower than its previous rate.

 

Even motorcycle COE ended lower at $1,012 - from $1,052 previously.

 

Motor traders said the market was quiet, as the year-end holidays and an absence of new mainstream models kept buyers away.

 

Bids for the above-1,600cc category were just 15 per cent more than the supply of COEs, reflecting a weak order bank.

 

In the last round, they were 19 per cent above COE supply.

 

Car agents are expected to cut prices in response to the lower premiums.

 

Toyota distributor Borneo Motors for instance, has slashed prices by $2,000 all round.

 

The reduction is expected to stir some interest, which means premiums in the next tender - the week before Christmas - should rise.

[Ahyoo2002]

油价升　物价涨　买车也不旺 拥车证成功标价全面下跌

 

最新一轮的拥车证成功标价全面下跌，跌幅最大的是大型及豪华汽车组(B组)，下跌3287元，成功标价是1万3114元。

 

　　其次是中小型汽车组(A组)，下跌2403元，成价是1万2001元。其他组别的跌幅则介于40元到1500元。

 

　　这期A组拥车证的配额是2174张，有2373人竞标，结果2171张被标得。B组的配额是1163张，吸引1334人投标，成功标到者有1116人。

 

　　汽车商公会会长黄哲忠指出，年底向来是有意购车者大举入场订购新车的季节，以便赶在农历新年前出车过年，然而近期看到的情况恰好相反，不单是拥车证连续第二期全面下跌，整个新车市场也十分淡静，多数车行人流涣散，显示人们对新车的需求疲软。

 

　　黄哲忠指出，最近汽油价格飙升、物价普遍上涨的消息，相信在一定程度上削弱了人们买车的欲望。他也指出：

[Nus24]

B组的配额是1163张，吸引1334人投标，成功标到者有1116人。

 

Hmmm 47 COE to relegate to next round?

[Roh96]

My guess is the crowd will come after they get their year end bonus.

[Ahyoo2002]

yes

[Ahyoo2002]

let's see

[Kchinbeng]

Think the next round will rebound again due to alot of new fit going for the next round bidding.

[Curahee]

More ppl will fall into the trap for sure. In the end everyone kena all together once again. More jam, more ERP gentries, ERP price will increase again.

[Route88]

Motorbike COE still high,can go down $500 or not

[Ahyoo2002]

Every bidding there are about 2200 COE available for Cat A, how many FIT going to deliver?

 

And, I heard the Altis clearance sales is over soon so maybe not as many ?

 

BUT, I think Cat A should rebound due to the high petrol price

[Ahyoo2002]

Everyone has to judge for themself what they want, want big big flashy car or more money in their, that is their choice.

[Ahyoo2002]

Drop $500 is 50% liao leh