2015 Jun, 2nd COE Bidding Exercise

[samfreak]

Stock market is red today. It will also be red tomorrow. So the next line on the COE chart will be green.

[BobbyTan_74287]

 

r we going to see more greens??

 

the est COE quota frm Aug 2015 was computed in Post #429 here: http://www.mycarforum.com/topic/2696791-monthly-sharing-on-dereg-data-projected-coe-quota/page-22?do=findComment&comment=5512951

 

From the way the AD sell their car with 1-bid guaranteed and couple with the backlog in the first June bidding (for those 2 bid guarantee), AD may bid aggressively just to secure COE for their customer. Therefore in order not to pay $5k more in July, COE for CAT A may be around 67k and CAT B and CAT E should be around same level at $75k. This is my prediction.

[Lowchia]

Just curious

 

If the AD COE rebate level is 58K, what would be the likely price that they will bid for u?

 

Mine is non-guaranteed.

 

 

[nazerath]

Hoping really much that Cat B drop $5k or more... but I know it's impossible

 

 

if wanna pay 65 plus for Cat A might as well pay a little more if can afford it to get a Cat B which i think would be more enjoyable. I mean at current level, Cat A price for a small car seems too ex.

[Hexxor]

I gut feeling its it will down a little, less than 3k for Cat A and B. Those kancheong spider thats buying for CEVS already paid and got their car at higher COE price. Got chance to go lower just in time for election at year end. Maybe hit mid 50k end for year for Cat A and 60k for cat B.

 

PAP get voted in with lower percentage of voters, and COE cheong again after tweaking policy.... along with house price once the lower ABSD for SG citizen..... every body happy!

 

VOTE for ME! lol

[Mustank]

wait for august, SG50 package for COE coming.

 

$50 discount

50% discount

or coe for $50

[Hexxor]

Just curious

 

If the AD COE rebate level is 58K, what would be the likely price that they will bid for u?

 

Mine is non-guaranteed.

 

 

 

based on my experience, they can bid up to 10-15k above your rebate level (depending on dealer margin), depend on how despo they are to keep u. If u appear kancheong its the other way around - they have a good nose for this. Top up 3-5k for guaranteed package...

[7hm]

The car I want to book will have CEVS surcharge after July... so if I want it it's obviously better to book before July

 

since CEVS surcharge don't increase the PARF

[Lowchia]

 

based on my experience, they can bid up to 10-15k above your rebate level (depending on dealer margin), depend on how despo they are to keep u. If u appear kancheong its the other way around - they have a good nose for this. Top up 3-5k for guaranteed package...

 

 

Thanks for reply

 

 

But i doubt my AD will bid at 58+10 = 68K COE for me.

[cllq]

Not true, I am bidding for the COE this Wednesday. Hoping the price will crash.

 

wish u luck but wont crash. Dip probably

[BobbyTan_74287]

 

 

Thanks for reply

 

 

But i doubt my AD will bid at 58+10 = 68K COE for me.

Previously my COE rebate is $55k and AD bid $68k. So have confidence. I believe your AD will bid $70k. They will choing to secure COE so to avoid July CEVS rebate.

[BanCoe]

Not true, I am bidding for the COE this Wednesday. Hoping the price will crash.

That means you like Green colour for sure; Might I add after one secures his precious COE they start to like Red colour for the next few years

[Ivan_06]

 

wish u luck but wont crash. Dip probably

Can dip by at least 1-2k or not? I will be praying that COE for Cat A can be 64k or less.

[Mz3SP0907]

teach u a song my daughter taught me..

 

Traffic light song

twinkle twinkle traffic light

red means up

green means down

orange means no change

and can wait some more

now I know my traffic light

next time I know how COE goes

 

[Angcheek]

 

 

r we going to see more greens??

 

the est COE quota frm Aug 2015 was computed in Post #429 here: http://www.mycarforum.com/topic/2696791-monthly-sharing-on-dereg-data-projected-coe-quota/page-22?do=findComment&comment=5512951

 

 

 

We need Quality Greens ....... less than 3K change is dirty greens hahah

[Ben5266]

 

 

Thanks for reply

 

 

But i doubt my AD will bid at 58+10 = 68K COE for me.

Generally, they will bid 58k + (0.5xGross margin).

 

Meaning, if gross margin is 16k, they will bid up to 66k.

[Matrix0405]

It was 2800 bids in Cat A, then 2300, then previous 1900. The trend is clear, dropping 500 every round, so this round, no of bid is 1400, or supply = demand. When supply exact = demand, COE = $1.

 

 

 

[Forte3737]

Depends on which AD. Just because you AD bid high for you does not mean the rest will follow suit

Previously my COE rebate is $55k and AD bid $68k. So have confidence. I believe your AD will bid $70k. They will choing to secure COE so to avoid July CEVS rebate.

 

Help us to understand how on earth supply will equal demand?

It was 2800 bids in Cat A, then 2300, then previous 1900. The trend is clear, dropping 500 every round, so this round, no of bid is 1400, or supply = demand. When supply exact = demand, COE = $1.