Next Coe this Monday 25mar

[Tohto]

Only 11am, moving fast today like last bid.

 

Bidding status as at 27/03/2013 10:51:43.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) 1 337 286

B CAR (ABOVE 1600CC) 1 307 154

C GOODS VEHICLE & BUS 1 225 6

D MOTORCYCLE 1 543 125

E OPEN 1 279 40

 

[Duckduck]

Only 11am, moving fast today like last bid.

 

Bidding status as at 27/03/2013 10:51:43.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) 1 337 286

B CAR (ABOVE 1600CC) 1 307 154

C GOODS VEHICLE & BUS 1 225 6

D MOTORCYCLE 1 543 125

E OPEN 1 279 40

 

this rd cat b sure up liao. high loans still available how to crash. Problem is when pple think the loopholes will not b plugged, then coe will b manipulated upwards again.

[Maxus-MIFA9]

Latest :

 

A CAR (1600CC & BELOW) 1 337 320

 

B CAR (ABOVE 1600CC) 1 307 164

 

C GOODS VEHICLE & BUS 1 225 6

 

D MOTORCYCLE 1 543 133

 

E OPEN 1 279 41

 

 

Another 17 more bits, can see the $$$$$ in Cat A ...

 

 

[Enye]

today's BT already had a forecast of the COE price

 

insider info?

 

 

10-yr loans, COE slide sustaining big car demand

[sINGAPORE] Demand for new cars is being sustained, not only by the plunge in the big-car COE premium, but also with 10-year vehicle loans still being offered by credit companies and some manufacturers, say motor dealers.

 

As a result of the strong buying, today's premium for a Category B certificate of entitlement (for cars above 1,600 cc) is expected to jump by more than $10,000 to about $70,000.

But the Cat A premium (for cars below 1,600 cc) could fall by as much as $10,000 to $60,000-plus.

 

Two weeks ago, the Cat A premium slipped $3,612 to $74,689 and the Cat B premium dived $34,577 to $58,090. This was after the government introduced a tiered Additional Registration Fee (ARF) structure and tightened vehicle financing. The loan curbs for new cars capped repayment periods at five years, with a minimum of 50 per cent downpayment for more expensive models.

 

But some dealers say manufacturer-backed deals from BMW Financial Services (FS) and Mercedes-Benz Financial Services (FS), as well as credit companies such as Hitachi Leasing, are still offering 10-year loans.

 

Downpayment may be as low as 10 per cent, depending on customer profile, "which means to say things are still the same", remarked the sales manager of a mass-market dealership.

 

He said BMW FS is offering the same 1.88 per cent interest rate as DBS Bank's five-year loan package. Over at Mercedes-Benz FS, interest on a 10-year loan is pegged at 2.68 per cent.

 

The sales manager added: "That is why the German makes are still selling and should continue to do well this year."

 

Singapore's top two automotive brands are BMW and Mercedes-Benz, in that order, and have been so for the last two years.

 

For those who are not BMW or Mercedes-Benz customers, a 10-year loan is available from a credit company, but it comes at much higher rate. At Hitachi Leasing, for example, it is said to be 3.88 per cent.

 

The sales manager pointed out that high overtrades are also fuelling demand for new cars. The overtrade is effectively a discount given during a trade-in, usually by the in-house used car department, to reduce the amount of upfront cash for the buyer.

 

"Technically, this is illegal, but people are still doing it anyway," he said.

 

As for today's COE bidding exercise, among the dealers who expect the Cat B premium to rebound after the sharp drop a fortnight ago is the managing director of a luxury dealership.

 

He said: "The reaction is expected and I believe Cat B will go up to $60,000-plus and even over $70,000, depending on how strong the orders have been for some distributors."

 

He added, however, that he was not so sure about Cat A, where orders have been also good, amid buyer expectations that the premium will soften further. But since the market has priced Cat A packages lower, COE premiums are unlikely to stay the same or rise.

 

The uncertainty that he feels stems from his not knowing how aggressively the luxury makes will enter today's bidding fray.

 

He said: "The big boys are the wild card. They can push Cat A up because only they have the margins."

 

 

[Tohto]

 

 

Bidding status as at 27/03/2013 11:17:23.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) 1,112 337 355

B CAR (ABOVE 1600CC) 1 307 207

C GOODS VEHICLE & BUS 1 225 6

D MOTORCYCLE 1 543 148

E OPEN 1 279 41

 

[Duckduck]

Downpayment may be as low as 10 per cent, depending on customer profile, "which means to say things are still the same", remarked the sales manager of a mass-market dealership.

 

He said BMW FS is offering the same 1.88 per cent interest rate as DBS Bank's five-year loan package. Over at Mercedes-Benz FS, interest on a 10-year loan is pegged at 2.68 per cent.

 

The sales manager added: "That is why the German makes are still selling and should continue to do well this year."

 

...

 

The sales manager pointed out that high overtrades are also fuelling demand for new cars. The overtrade is effectively a discount given during a trade-in, usually by the in-house used car department, to reduce the amount of upfront cash for the buyer.

 

"Technically, this is illegal, but people are still doing it anyway," he said.

 

so recent M@S measures r basically useless n garmen allowing illegal activities to happen, some more let media report abt it? hahahah

[13177]

Latest :

 

A CAR (1600CC & BELOW) 1 337 320

 

B CAR (ABOVE 1600CC) 1 307 164

 

C GOODS VEHICLE & BUS 1 225 6

 

D MOTORCYCLE 1 543 133

 

E OPEN 1 279 41

 

 

Another 17 more bits, can see the $$$$$ in Cat A ...

Seems like this round of COE no business, unlike last bidding already received more than the allocated coe quota?!

[Tohto]

Seems like this round of COE no business, unlike last bidding already received more than the allocated coe quota?!

 

Cat already more than $10k

 

Bidding status as at 27/03/2013 11:25:38.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) 10,001 337 390

B CAR (ABOVE 1600CC) 1 307 238

C GOODS VEHICLE & BUS 1 225 6

D MOTORCYCLE 1 543 148

E OPEN 1 279 42

 

[Princey_anne]

so recent M@S measures r basically useless n garmen allowing illegal activities to happen, some more let media report abt it? hahahah

Government has also increase COE for next year. Have to balance to ensure the same mistake was not repeated.

[Vega]

so early start moving liao.

[Jman888]

so early start moving liao.

 

 

one guy go atm machine to key in first [laugh]

[Maxus-MIFA9]

A CAR (1600CC & BELOW) 21,889 337 439

 

B CAR (ABOVE 1600CC) 2,001 307 335

 

 

 

CAT A now $21,889/- ...

[Mustank]

A CAR (1600CC & BELOW) 21,889 337 439

 

B CAR (ABOVE 1600CC) 2,001 307 335

 

 

 

CAT A now $21,889/- ...

 

woohoo!!! free show

[Peregrine]

From the previous bidding exercise results, it is apparent that some car dealers could agree to set Cat A very high whilst causing a noticeable plunge in Cat B (to offset the rise in ARF).

 

Cat A bid to quota ratio was 1180/336 was not very much higher than 1028/326.

 

Some other (Japs & Korean) dealers were expecting Cat A to fall significantly but they were not able to break the "cartel".

 

So long as car dealers are not banned from bidding, it is not true market forces by buyers' market, the COE premiums be at the mercy of some of the dealers.

 

I would not be surprised if both Cat A & Cat B premium rise above last exercise figures.

[Maxus-MIFA9]

With Ah Lui announcing yesterday that more COE for 2014, will it affect the next few bidding as some will wait for next year to change car?

[Kar_lover]

 

Cat A & B already break $1.

[Wpohwah]

Cat A & B already break $1.

 

Cat A now $22773

Cat B now $14189

[Wpohwah]

Cat B SHOOT PAST 20K