Jump to content
Sign in to follow this  
Steptronic

COE Bidding 1st - Mar 2013

Any guess?  

303 members have voted

  1. 1. What will be Cat A this time?

    • 1-10k
      42
    • 10-20k
      9
    • 20-30k
      14
    • 30-40k
      39
    • 40-50k
      31
    • 50-60k
      62
    • 60-70k
      45
    • 70-80k
      39
    • 80-90k
      13
    • 90-100k
      5
    • >100k
      4
  2. 2. What will be Cat B this time?

    • 1-10k
      34
    • 10-20k
      5
    • 20-30k
      10
    • 30-40k
      16
    • 40-50k
      30
    • 50-60k
      29
    • 60-70k
      60
    • 70-80k
      57
    • 80-90k
      36
    • 90-100k
      18
    • >100k
      8


Recommended Posts

Supersonic (edited)

so ... the lowest bid set the price is a FLAW

you bid $100k, you pay $100k

close biding and pay as you bid is the best system to drive down coe ... at least got advantage and no disadvantage compare to current method ... $1 is possible

the bidding result still can be published openly ... ie: highest bid, lowest bid, median bid, etc so that everyone know why they did not get their coe

but ... $1 coe is not "you know who" intention ... loss of billion dollar income

and one should not misunderstand that $1 coe means more car on the road

every bid quota is fix

$1 coe or $100k coe ... the same number of coe is issued for that month

it's just whether we ... pay $1 or $100k and "you know who" collect $1 or $100K

or can set minimum bid $10K ... then at least "you know who" would have a minimum collection for that month ...

base on this round cat a + b + open x $10K (min bid) = $9.17M ... not good enough? this is the minimum collection ... sure exceed $10M la ... bei sai?

 

Actually this is supposed to be how bidding works. Just that for bid ADs, with the high volume of bids they need to put in, it is not feasible for them to bid inch by inch hence they put in a high amount at the start and waiting for the small dealers to "save" them.

Edited by Wt_know
↡ Advertisement

Share this post


Link to post
Share on other sites
Turbocharged

Actually this is supposed to be how bidding works. Just that for bid ADs, with the high volume of bids they need to put in, it is not feasible for them to bid inch by inch hence they put in a high amount at the start and waiting for the small dealers to "save" them.

 

ya i heard thats wat theyve been doing ever since quota has been cut, just keep driving up coe n make others chase them or else cannot even sell. This is beneficial coz they make most $ frm financing deals, so 100% loans n rising coe = huat for them. Now some of them like VW n BMW still huat as they still offering 100% loans. By right garmen shld tackle this specific brands w inhouse financing, coz d other minor players dont influencing coe prices as much

Share this post


Link to post
Share on other sites
Hypersonic

today 3:30pm here will full house [laugh][laugh][laugh]

Share this post


Link to post
Share on other sites
5th Gear

today 3:30pm here will full house [laugh][laugh][laugh]

Must log in to onemotoring early [:p] or else the site cannot take it and crash

Share this post


Link to post
Share on other sites
Neutral Newbie

Why open category no one bidding? All squeeze into 1.6? Can use open category Coe to buy cat A cars ma...

Share this post


Link to post
Share on other sites
Supercharged (edited)

over 10k lohhhhh.....

 

Bidding status as at 13/03/2013 09:56:41.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) 10,001 336 534

B CAR (ABOVE 1600CC) 2,889 326 425

C GOODS VEHICLE & BUS 1 225 20

D MOTORCYCLE 1 510 181

E OPEN 1 255 140

Edited by Xers007

Share this post


Link to post
Share on other sites
5th Gear (edited)

over 10k lohhhhh.....

 

Bidding status as at 13/03/2013 09:56:41.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) 10,001 336 534

B CAR (ABOVE 1600CC) 2,889 326 425

C GOODS VEHICLE & BUS 1 225 20

D MOTORCYCLE 1 510 181

E OPEN 1 255 140

which means those ADs want to kill those car price dropped 30k AD, such as BM [laugh]

Edited by Quantum

Share this post


Link to post
Share on other sites

6th Gear

I suggest car buyers should bid their own coe and this must be paid in cash without loans.

Then with coe secured, they can go and buy their car with 100% loan allowable.

 

When buyer bid their own coe with cash, they will bid according to what they can afford, there is incentives to bid as low as possible. This should keep coe accurate to demand.

 

Share this post


Link to post
Share on other sites
Turbocharged

I suggest car buyers should bid their own coe and this must be paid in cash without loans.

Then with coe secured, they can go and buy their car with 100% loan allowable.

 

When buyer bid their own coe with cash, they will bid according to what they can afford, there is incentives to bid as low as possible. This should keep coe accurate to demand.

Can post your suggestion at Starits Fimes forum or write to LTY directly?

Share this post


Link to post
Share on other sites
Neutral Newbie

2pm ownward...We will c...Haha

Share this post


Link to post
Share on other sites
6th Gear

which means those ADs want to kill those car price dropped 30k AD, such as BM [laugh]

 

If COE goes too high, those ADs expecting low COE can simply don't bid as it is always 6 bids non guaranteed.

 

Later can still ask buyers to top up, ADs always win with high margins.

 

Best thing for consumers is to stop committing to their high price high COE package, bid own COE and force ADs to reduce price

Share this post


Link to post
Share on other sites
Supersonic (edited)

haha ... one of the best wishful thinking ... Like [thumbsup]

may the force be with you ... lolz

 

If COE goes too high, those ADs expecting low COE can simply don't bid as it is always 6 bids non guaranteed.

 

Later can still ask buyers to top up, ADs always win with high margins.

Best thing for consumers is to stop committing to their high price high COE package, bid own COE and force ADs to reduce price

Edited by Wt_know

Share this post


Link to post
Share on other sites
Twincharged

I think need a few months before we can see if the new measures will lower COE. The ADs still got alot of backlog right? Those who signed before the new rules.

Share this post


Link to post
Share on other sites
Twincharged

I think need a few months before we can see if the new measures will lower COE. The ADs still got alot of backlog right? Those who signed before the new rules.

Share this post


Link to post
Share on other sites
Twincharged

I think need a few months before we can see if the new measures will lower COE. The ADs still got alot of backlog right? Those who signed before the new rules.

Share this post


Link to post
Share on other sites
Twincharged

I think need a few months before we can see if the new measures will lower COE. The ADs still got alot of backlog right? Those who signed before the new rules.

Share this post


Link to post
Share on other sites
Neutral Newbie

i thought this round of bidding will not be indicative at all...

 

there are still lots of back log so we wont see the true effect of CM1

Share this post


Link to post
Share on other sites
Twincharged

I think need a few months before we can see if the new measures will lower COE. The ADs still got alot of backlog right? Those who signed before the new rules.

↡ Advertisement

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×