2016 Feb, 2nd COE Bidding Exercise

[EricChan]

If A is around 10-20k, next one sure rebound 50k

Yah and I would own three cars

[Wildfaye29]

B 38001

B 38010

B 38801

Red !!

B 38970

B 39002

50 mins!

[Runforyourlife]

Yah and I would own three cars

 

Maybe even more. Cos Cat A = 40% loan = commoners which are majority. If there's a freak result, no need show also got ppl go buy. Imagine a k3 at around 70k with a 10k drop in coe

[Wildfaye29]

B 39003

B 39008

[Rubbishman]

I have a question here. Since Cat B already shoot up to $39K and Open still have so much available, why dun dealers bid in Open instead?

[Wildfaye29]

B 39009

[youpapalite]

Good. All rush in when there's a slight dip. Clear all the kanchiong spiders. Later during end this year, all kanchiong spiders cleared.

 

most of the kanchiong spiders cannot buy again cause just collected new car not enough $ or don't make sense to buy again.

 

Then the real Low prices will start appearing.

 

Good.

[Wildfaye29]

B 39810

[Runforyourlife]

Everybody pray hard now that cat A coe doesn't go beyond 2049 bids :S

 

400 bids to break egg.

Edited February 17, 2016 by Runforyourlife

[Asky2505]

Good. All rush in when there's a slight dip. Clear all the kanchiong spiders. Later during end this year, all kanchiong spiders cleared.

 

most of the kanchiong spiders cannot buy again cause just collected new car not enough $ or don't make sense to buy again.

 

Then the real Low prices will start appearing.

 

Good.

they will appear 5 bids later cuz the current price offered is too low for the agent to successfully get the COE for them.  So 5 bids later, deposit refunded and then they will go hunting again.....

[Vratenza]

I like what I am seeing

[Kazuya]

Hahahahahaha!!!!!! Cat B Rebound

[Intruderx]

A low this round?

[Spring]

this is different man. everybody know it'll continue to drop. but the moment there's a freak drop, everyone just rush in like nobody's business, ignoring the better gains for everybody haha.

 

Whilst I also feel it may drop further, I can't be sure it will and frankly nobody can.

So I won't begrudge those who wish to bid.

 

Anyway, that's the process of auction which some will win and some will lose. For better of worse, some winners maybe laughing all the way to the bank whilst other may be crying later no one knows so I won't call it self pawning

[Wildfaye29]

40min

[youpapalite]

they will appear 5 bids later cuz the current price offered is too low for the agent to successfully get the COE for them. So 5 bids later, deposit refunded and then they will go hunting again.....

This 6 bids likely for them to get it. Cause when it shoots up. No one buy. All will flock to cat A assuming there is a huge dip. So those that book at this price should get their cars during this 6 bid as there will not be as much demand in cat B as compared to the last dip. While COE quota remain high.

 

So after the 6 bid, prices should slowly go into green area. Slowly but surely. Hahaha.

[Rubbishman]

I have a question here. Since Cat B already shoot up to $39K and Open still have so much available, why dun dealers bid in Open instead?

Can any sexpert here explain?

[Tohto]

Good. All rush in when there's a slight dip. Clear all the kanchiong spiders. Later during end this year, all kanchiong spiders cleared.

 

most of the kanchiong spiders cannot buy again cause just collected new car not enough $ or don't make sense to buy again.

 

Then the real Low prices will start appearing.

 

Good.

 

Not all are kan chong spider. Now many have COE expiring in a few months times. 

Including me. We have no choice but to place our order for new car.