Mar 09 1st COE Bidding

[Tohto]

Seems like nobody interested anymore.

OK, let me start the thread.

My estimated:

 

Cat A : $7988

Cat B : $7398

Cat E : $8128

 

 

 

COE Open Bidding

Bidding will end on 04/03/2009 16:00 hrs

 

Bidding status as at 02/03/2009 17:11:24.48 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 1,839 5

B Car (Above 1600 cc) 1 1,101 3

C Goods Vehicle & Bus 1 264 0

D Motorcycle 1 420 21

E Open 1 762 0

 

Source: Land Transport Authority

[Ahyoo2002]

Time flies

[Cjgoh]

 

The 1st day for COE biddin is not accurate to judge or base estimates on.

 

I believe momentum of biddings, will start to show tomorrow afternoon, and will intensify on the 3rd day towards 4pm.

 

This 5 received bids was observed in previous bidding in February, only to be shocked by an avalanche of bids on the 2nd day from morning onwards. By end of 2nd day, bids have already overshot Quota.

 

With April's impending cut in COEs, this round will be no different in bidding characteristics.

 

I only hope to secure mine, on first round of my Guaranteed COE purchase...

[Tohto]

COE Man,

Now you are enjoying your new Mazda 5, need to appoint a new successor who is planning for car purchase to take care of COE thread.

[Ahyoo2002]

COE Man,

Now you are enjoying your new Mazda 5, need to appoint a new successor who is planning for car purchase to take care of COE thread.

 

Haha, not many people has patience as me. Me monitor for more than 2 years before finally decided.

[Onenightstd2]

My estimated:

 

Cat A : $500

Cat B : $1000

Cat C : $1000

Cat E : $1500

 

 

Just read more news about Citi Bank and Bank of America, lucky our COEs here still got some value, because of the fools theory.

 

[Cjgoh]

 

Really...?

Even if it hits rock bottom, the current quota 1839 won't be enough for the number of well heeled locals here who are taking advantage of the recession instead of holding back on purchases.

 

In my opinion, this is the best time for shopping.

[Iygnaug]

was he the one who said that oil prices will hit $200?

[Soundphile]

well.. an economy needs such a person to work effectively.

[Teriyaki]

hmm...scrap the COE idea is the best..

 

citigroup now only USD1.20...

[Leepee]

We all know COE quota in SIngapore is fine tuned to match the demand, or should I say to be below the demand. So that the COE price will always be >$1.

 

Motorimage boss has already mentioned that the HUGE base of old and going to be 10yrs old cars which needs replacement are much much greater in numbers than the COE quota available.

 

Unless those whose car reaches 10years old decided NOT to drive anymore.

Unless those whose cars are >5years old can tahan and not change cars.

There will be a tsunami of replacement car buyers when the first hint of economy recovery, some say end 2009. Maybe COE will rush up to $100k by year end...who knows?

 

Seriously how long can these group of people hold back?

Can you guys hold back your itchy backside in times like these, assuming your car is coming to 10years or 5th years soon? (Very difficult, IMHO)

Totally give up your car and take public transport? (Not likely IMHO)

 

[Bigoceanm]

hi all,

 

my guess:

 

cat a: $4,888

cat b: $5,000

cat c: $3,888

cat e: $5,888

 

[Babyt]

A: $8000+-

B: $8000+-

 

[Wt_know]

simple rule.

got $$ -> buy another car or change to a new car

no $$ -> stay put

 

if everyone don't spend $$, all die

Edited March 3, 2009 by Wt_know

[Ahyoo2002]

Up or down?

 

Bidding status as at 03/03/2009 13:54:36.86 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 1,839 114

B Car (Above 1600 cc) 1 1,101 128

C Goods Vehicle & Bus 1 264 50

D Motorcycle 1 420 37

E Open 1 762 0

[Quantum]

Up or down?

 

Bidding status as at 03/03/2009 13:54:36.86 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 1,839 114

B Car (Above 1600 cc) 1 1,101 128

C Goods Vehicle & Bus 1 264 50

D Motorcycle 1 420 37

E Open 1 762 0

boring

no matter up or down within $1000

[Eyke]

Motorimage boss has already mentioned that the HUGE base of old and going to be 10yrs old cars which needs replacement are much much greater in numbers than the COE quota available.

 

COE Quota for Cat A+B+E for May 2009 to Apr 2010 = 68,905

 

Num of cars 8yrs and older as at 31 Dec 08 = 3,605

, which is only ~5.23% of the quota.

 

wah, very HUGE hor?

 

y don't u do a bit of research before reporting crap?

 

[Cjgoh]

 

Here they come... by tonight it will be in the hundreds...

tomorrow it will be worse... like stampede..!

 

BIDDING STATUS AS AT 03/03/2009 14:24:03.16 HRS

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 1,839 167

B Car (Above 1600 cc) 1 1,101 128

C Goods Vehicle & Bus 1 264 50

D Motorcycle 1 420 38

E Open 1 762 0