2015 Jun, 1st COE Bidding Exercise

[Penknife]

 

You are correct.

I meant bidded below (not at) 10.5K.

My point was why these people bother ? Are these genuine bids ?

people go singpaorepools also buy more than 9 goals.

 

are they genuine? who knows. everyone always hoping for a miracle.

[Mrmilktooth]

 

At the point when number of bids more than quota, the first successful bid was $50k.

 

My point about the COE rebate was to find out if there has been anyone actually benefiting from it or is it just a marketing gimmick ? I know it does give some comfort if COE crash.

I rem kia put newspaper big big say 67/77 k rebate for both a nb.

 

So if u got 1bid guarantee. Will pocket back 1 & 2 k respectively..

 

Can go jiak ho liao...

[Tigershark1976]

for Cat A, number of bid have been declining around 500 this round, and 500 last round... but the price only drop by 2K plus since May 1st bid? [hur] ??

 

seems like the dealers trying to maintain the bid price leh.. lets see how long 60K level can hold for cat A.

[Forte3737]

It will hold for at least till end 2015

for Cat A, number of bid have been declining around 500 this round, and 500 last round... but the price only drop by 2K plus since May 1st bid? [hur] ??

 

seems like the dealers trying to maintain the bid price leh.. lets see how long 60K level can hold for cat A.

 

[Ticklish8]

Report from BT

 

Premiums for certificates of entitlement (COEs) were flat in the first bidding exercise of June as prospective buyers take a wait-and-see attitude amid expectations of a larger quota in a couple of months' time.

Only one COE category registered a small increase, while the others were all slightly lower.

Category A - for cars below 1,600cc or 130 hp - fell S$590 to S$66,000, while Cat B - for cars above 1,600cc and 130 hp - slipped just S$2 to S$75,000.

But Cat E - the open category which currently tracks Cat B - dropped more sharply. It slumped S$2,200 to S$75,801.

Meanwhile, Cat C - for goods vehicles - was S$1,101 lower at S$50,900, and Cat D - for motorcycles - inched up S$8 to S$6,509.

[Hosaybo]

Find the word the media use damn exaggerated ..... " "slump" is to describe a 2k plus drop.

[Jp66]

Kia? Should be Hyundai la

I rem kia put newspaper big big say 67/77 k rebate for both a nb.

So if u got 1bid guarantee. Will pocket back 1 & 2 k respectively..

Can go jiak ho liao...

 

[Spring]

 

Non guarantee 6 bids. Not expecting to get my COE this round, but quite surprise my AD never up my bidding amount at all.

 

Whilst contractually you can't do anything and AD within their rights to bid any amount for you, it sure doesn't make sense that after you top up $6k, they bid same price as before?

 

Maybe you can query the SE? May not get anything out of it but at least they know you are observing the bidding process and won't be taken for a ride. My 2 cents......

[Blackyv]

There were like 1400+ bids for CatA lower than 50k. No of bids also significantly lower. May suggest not so many new cars sold & backlog clearing or cleared.

 

There were around 900+ bids for CatB at 10.5K - what are they thinking ? tikam tikam ? Seems demand for Cat B still strong with some backlog.

 

Hypothetically, if a AD gave COE Rebate of 67K for Cat A (6 bid non-guaranteed) but said today they did not bid. Or if they said they bidded 65K & out-bidded today.

 

Wonder if these ever happened ?

 

i wont be surprise many AD use own name to bid 10K, not hoping to get it but more like create the false impression that the number of backlog is still there and use that to con kanchiong spider buyer... imagine each AD just place in 10-15 low ballers bid, that will indirectly increase the "backlog" of bidders not getting coe today.. how many of those couldnt get coe today are real buyers? nobody knows...

[Matrix0405]

for Cat A, number of bid have been declining around 500 this round, and 500 last round... but the price only drop by 2K plus since May 1st bid? [hur] ??

 

seems like the dealers trying to maintain the bid price leh.. lets see how long 60K level can hold for cat A.

 

The total no of bid for cat A today was 1900, this is also the number of COE projected by yoyo for the next Q. If supply = demand, COE = $1.

[Blackyv]

 

The total no of bid for cat A today was 1900, this is also the number of COE projected by yoyo for the next Q. If supply = demand, COE = $1.

 

wont happen.. those with 55K-60K budget buyer will chiong in the moment it drop to below 60K, then follow by 45-50K buyers when drop below 55K until the next move by LTA to push coe up again ...

[kmttan]

Cat B down by only $2 !!!!!

 

What the .....

 

Consider that most people who tried to avoid the loss of $2500 to CEVS were targeting Cat B cars, I see this drop or flat is a good sign. They have push up the price by $10K just to save $2.5K. Well done. After this crazy people is done, we can now lookout for a brighter future.

[yo2020]

bidding period: 2/6 @ 12pm to 4/6 @ 4pm

 

now that most of CEVS chasers could hv been cleared.

r we going to see more greens n more importantly, lesser number of bids (ie. lower demand)?

 

the est COE quota frm Aug 2015 was computed in Post #407 here: http://www.mycarforum.com/topic/2696791-monthly-sharing-on-dereg-data-projected-coe-quota/page-21?do=findComment&comment=5484266

 

all Cats for car dropped... by at least $2.

again, more importantly, the demand for Cat A has continued to b soften!!

can agents continue to attract as many buyers??

otherwise, come Aug, can clear at least 1800 buyers in every bidding exercise!!

[Heman75]

Find the word the media use damn exaggerated ..... " "slump" is to describe a 2k plus drop.

This is to por the government that their policy works.

[Andyngps]

Will we see ocs???

[will80]

Notice in quite a few topics, we are advising people to wait till July to buy their car. Could it be people are actually following our advice and hence we see demand become lesser. Also another thing to note is that those who are buying cars that have no changes or in fact have better CEVS rebate after July will also be waiting for July to enter the market.

 

I won't be surpise if the demand shot up again in July when those people enter the market in July.

 

[tyco_kia]

I actually feel that COE will increase in July but come August and September it will drop.

[Ken138]

Stock mkt not doing well, property in deep shit.. Fallen talents constraint by political pressure.. Reckon can wait till after July... See the demand dropping la.... :-)