COE - May 2010 2nd bidding exercise

[Laworder17]

Anyone knows what is the impact to used cars on this COE?

What percent rise I mean?

 

It's hard to say, it also depends on the supply and demand in the market.

[Whoo_sh]

hows the 2nd hand market during last 2 mths?

 

 

[Laworder17]

hows the 2nd hand market during last 2 mths?

 

Hmmm...from newspaper they say 2nd hand dealer are doing well during this COE hike period. Also from this forum...there will be a COE quota again in this coming august. Times are tough to get a car now.

[Introz]

Hmmm...from newspaper they say 2nd hand dealer are doing well during this COE hike period. Also from this forum...there will be a COE quota again in this coming august. Times are tough to get a car now.

 

true

even 2nd hand car have becom expensive nowdays

[Speeedo]

Given the cheaper euros, quite a number of people might start to look at the continentals.

 

 

i think otherwise.... how low can it be.....

[Speeedo]

true

even 2nd hand car have becom expensive nowdays

 

 

2nd car dealer might earn more than ADs

[Laworder17]

2nd car dealer might earn more than ADs

 

 

I agree...this will sooner or later happen.

[Help1]

coe WILL GOES UP tomorrow cos ADs/PIs/Used car resellers ramp up the fear to prospective buyers and gullible buyers will lock in their purchase for fearing the COE will goes up in the next few mths......

[Liu38]

Going up.. for sure..at least for CAT A. Open CAT will drop.

[Pandapura]

Confirm all will rise...

 

Drove past some ADs over the weekend...Could see crowds coming back...

[Wiltanws]

Here's my guess

 

Cat A : $27000

 

Cat B: $44000

 

Cat E: $45000

 

 

[Laworder17]

COE Open Bidding

 

Bidding will end on 19/05/2010 16:00 hrs

Bidding status as at 19/05/2010 09:09:27.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 699 32

B CAR (ABOVE 1600CC) 1 561 18

C GOODS VEHICLE & BUS 1 176 0

D MOTORCYCLE 1 364 59

E OPEN 1 367 0

Source: Land Transport Authority

 

[7007]

My guess is plus minus $1K -$2K . I think even it really goes up, I don't think the sellers want COEs go up so much higher that it will turn their showrooms into ghost towns again...

[Matoonia]

My guess:

CAT A - $27k (up $1k)

CAT B - $38k (no change)

CAT E - $40k

[Laworder17]

COE Open Bidding

 

Bidding will end on 19/05/2010 16:00 hrs

Bidding status as at 19/05/2010 11:40:44.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 699 116

B CAR (ABOVE 1600CC) 1 561 72

C GOODS VEHICLE & BUS 1 176 14

D MOTORCYCLE 1 364 105

E OPEN 1 367 193

Source: Land Transport Authority

[System]

My guess fopr Cat A is either 20K or 30K......

[Kangadrool]

My guess fopr Cat A is either 20K or 30K......

 

your range too wide.

[Laworder17]

COE Open Bidding

 

Bidding will end on 19/05/2010 16:00 hrs

Bidding status as at 19/05/2010 12:35:44.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 699 313

B CAR (ABOVE 1600CC) 1 561 130

C GOODS VEHICLE & BUS 1 176 34

D MOTORCYCLE 1 364 125

E OPEN 1 367 233

Source: Land Transport Authority