COE- August 2010 1st Bidding Exercise

[Laworder17]

August 2010 First Open Bidding Exercise For Certificates Of Entitlement

 

The details of the August 2010 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 2 August 2010, 12 noon

 

Tender closes: Wednesday, 4 August 2010, 4.00 pm

 

Tender results: Wednesday, 4 August 2010

(Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 1,951 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

 

Category A : Cars (1,600cc and below) & taxis 622

 

Category B : Cars (1,601cc and above) 479

 

Category D : Motorcycles 336

 

TRANSFERABLE CATEGORIES:

 

Category C : Goods Vehicles and Buses 205

 

Category E : Open Category 309

[Laworder17]

Let;s Get The Game Started!!!

 

 

[SimonTan]

Honda showroom was deserted when I was there on Saturday. No crowds.

[Ferraricalifornia]

Cat A $38k (COE's taken up by mostly VW)

 

Cat B $48k (COE's taken up by mainly BMW 5-series and Merc E-Class)

 

Cat E $50k....

 

 

[Ferraricalifornia]

Honda showroom was deserted when I was there on Saturday. No crowds.

 

 

of course lah....

 

the high Cat A COE chased away customers....

 

even for those who went for bidding....

 

haha....

 

or maybe KM sold all their ex-stock,

 

now revert back to ridiculously high prices....

[Summer69]

of course lah....

 

the high Cat A COE chased away customers....

 

even for those who went for bidding....

 

haha....

 

or maybe KM sold all their ex-stock,

 

now revert back to ridiculously high prices....

 

those selling unpopular USA, Japanese, M'sia, Korea & China car all drink/eat coke, popcorn and watch conti-car AD in action.

 

with 10 year loan, attractive overtrade & near zero downpayment, some buyers will still bite CAT A cars..

Edited August 2, 2010 by Summer69

[Ferraricalifornia]

only VW's 1.2TSI and 1.4TSI models dominate the CAT A car market for now....

 

no one with the right mind would want to spend more than $70k for a normal bread and butter CAT A car....

 

in which,

 

a VW isn't considered a bread and butter car....

 

but people who need a CAT A car badly,

 

will be attracted to the VW marque now....

 

just top up another $20k, take a loan, don't throw in downpayment,

 

can get a VW Polo/Jetta/Golf....

 

very attractive offer i must say!!

[Summer69]

only VW's 1.2TSI and 1.4TSI models dominate the CAT A car market for now....

 

no one with the right mind would want to spend more than $70k for a normal bread and butter CAT A car....

 

in which,

 

a VW isn't considered a bread and butter car....

 

but people who need a CAT A car badly,

 

will be attracted to the VW marque now....

 

just top up another $20k, take a loan, don't throw in downpayment,

 

can get a VW Polo/Jetta/Golf....

 

very attractive offer i must say!!

 

 

like that FOREVER snowballed in loans & in debts.

 

 

no wonder there is no retirement age for S'pore workers.

 

till death do we are freed of debts.

[Akula]

Would think that most, if not all, of the Categories will fall a bit, as last COE bidding scare most people away.

 

The last bid was a bit of a "desperation", with KAH MOTOR clearing stock, plus the Car Carnival, most were trying to get a COE before the revised quota.

 

Some dealers still have open Cat COE on hand, might not bid too agressively.

 

Shall venture a guess and predict a fall of about 5-10%, approx $2K-$4K for the various Car Categories.

[Ferraricalifornia]

like that FOREVER snowballed in loans & in debts.

 

 

no wonder there is no retirement age for S'pore workers.

 

till death do we are freed of debts.

 

 

if nobody spend,

 

how to boost economy???

 

somemore USA now quite bleak economy....

 

cos unemployment rate hasn't been decreasing as predicted....

[Sabretan]

factually wrong....

 

according to last wk released by the Dept of labor on unemployment claims the actual data is inline with forecast...

 

 

[Coupecabriolet]

is it true that people who just recently got their cars will want COE to rise as high as possible?

 

if so, can enlighten the logic behind? thanks

[Joseph22]

is it true that people who just recently got their cars will want COE to rise as high as possible?

 

if so, can enlighten the logic behind? thanks

 

 

those ppl want to have a impression that they buy a car at a good deal.

 

Eg. Buy Avante at 70K next month price become 80K. they think they save 10K. if become 60K. they think they lugi.

 

Same as buying flat. You buy at 500K. next month you hope that price increase to 520K.

[Maroon5]

techinically all drop...the lowered quota is here to stay for the next 6mths...got time to clear orders..

[Yuan]

factually wrong....

 

according to last wk released by the Dept of labor on unemployment claims the actual data is inline with forecast...

 

They do create more jobs but their unemployment rates are rising more and faster than the number of these new jobs.

 

In my opinion, can't trust them too much. They are printing lot of monies that there might be a danger of hyper-inflation in time to come.

[Zxcvb]

is it true that people who just recently got their cars will want COE to rise as high as possible?

 

if so, can enlighten the logic behind? thanks

 

This is only when AFTER you signed and deposit your money to get the car, then you wish the COE to rise as high as possible for the next or following COE results so that the car you purchased will be deemed "more worth it".

[Laworder17]

This is only when AFTER you signed and deposit your money to get the car, then you wish the COE to rise as high as possible for the next or following COE results so that the car you purchased will be deemed "more worth it".

 

Pls only think this way if u sign up for a g'teed package. If not, get ready for "Top Up"!!!

[Yenyenpark]

if there isn't too much speculation, the price will not "jump" too much..