COE bidding - 1st round of Feb 2017

[Darius]

Last few round when there is a 3 week break, but the coe also did not increased much lo. So this time round if coe never increased much or even drop, i guess the demand for coe is really weak.

Let not forget that many PI has hold back bidding waiting for the day plus PH has no sign of holding back.2016 and 2017 has higher number of deregistration meaning more new ride renewal.The situation is similar to 3rd quarter 2016. It should be a down but many surprises awaiting too. A few round 47k to 50k range is not impossible before COE draught kicks in. Next few months towards the end of the years should be critical time to monitor for those that are renewing their ride..I believe that there are those ride that expiring in 2 ~ 3 years time might renew their car or COE before expiring.

[Matrix0405]

Judging from LTA unwilling/delay announcement of quota, they know something bad is going to happen - COE crashed; this Q going to challenge last year's lows. 

[Carbon82]

Official info from LTA on the upcoming bidding exercise. I would usually like to have that before starting the COE thread...

 

The details of the February 2017 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 6 February 2017, 12 noon

Tender closes: Wednesday, 8 February 2017, 4.00 pm

Tender results: Wednesday, 8 February 2017 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,426 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,060

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,366

Category D: Motorcycles => 348

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 164

Category E: Open Category => 488

 

 

And for those that feel something is amiss without seeing numbers / tables, I hereby present to you my 10 years series.

 

COE Bidding Results for 2006 - 2010

 

COE Bidding Results for 2011 - 2015

 

COE Bidding Results for 2016 - 2017

Edited February 3, 2017 by Carbon82

[therock]

You the pro man.. can't praise you again today ..

[Happyrider]

Cat a 39k

Cat b 41k

[Winningeleven]

Cat a 39k

Cat b 41k

 

lol.

 

it will make 83k elantra dream comes true.

[Vratenza]

You want civil servants' bonus to be cut ?

 

Cat a 39k
Cat b 41k

 

[Vinceng]

lol.

 

it will make 83k elantra dream comes true.

 

No need to wait for Elantra. 

 

Kia K3 (same engine as Elantra) was selling at this price ($82,999) with guaranteed COE during the Motor Show in Jan.

Edited February 3, 2017 by Vinceng

[Kia7200]

No need to wait for Elantra.

 

Kia K3 (same engine as Elantra) was selling at this price ($82,999) with guaranteed COE during the Motor Show in Jan.

K3 light? Or Ex

[Victor68]

I am expecting to see cat. a dropped to $45k and cat B  $47k for this round.  further drop next round 

[Tianmo]

Cat A 50-51K

Cat B 53K 

Edited February 3, 2017 by Tianmo

[Ct3833]

I am expecting to see cat. a dropped to $45k and cat B $47k for this round. further drop next round

Cat a 39k

Cat b 41k

祝你们心想事成, 万事如意! 托你们的福。 Edited February 3, 2017 by Ct3833

[Jamesc]

Cat a 39k

Cat b 41k

 

Love to see it.

 

[Nzy]

I think it will still remain around 50k for both.

[Vinceng]

I am expecting to see Cat. A dropped to $45k and cat B  $47k for this round.  further drop next round 

 

I also hope this will materalise, but there is no way this will become reality, due to these 2 factors:

 

1) Backlog orders form Motor Show. The previous bid in Jan concluded just 3 days after Motor Show ended on a Sunday. Many bank loans were not approved yet, hence no bids were placed.

 

2) Lots of backlog orders & unsecured COEs from Uber & Grab car rental companies comprising:

- Toyota Sienta

- Toyot Altis

- Toyota Axio

- Honda Vezel

- Kia Cerato Forte K3

- Mazda 3

- Mitsubishi Attrage

- Mitsubishi Lancer 

 

Even if the car distributors bid conservatively and COE prices hold at $45K, these car rental companies will rush in to place bids at the last 15 mins before the 4pm closing time to push COE prices up beyond $50K , as demonstrated in the last few bids.

Edited February 3, 2017 by Vinceng

[Ct3833]

I also hope this will materalise, but there is no way this will become reality, due to these 2 factors:

 

1) Backlog orders form Motor Show. The previous bid in Jan concluded just 3 days after Motor Show ended on a Sunday. Many bank loans were not approved yet, hence no bids were placed.

 

2) Lots of backlog orders & unsecured COEs from Uber & Grab car rental companies comprising:

- Toyota Sienta

- Toyot Altis

- Toyota Axio

- Honda Vezel

- Kia Cerato Forte K3

- Mazda 3

- Mitsubishi Attrage

- Mitsubishi Lancer

 

Even if the car distributors bid conservatively and COE prices hold at $45K, these car rental companies will rush in to place bids at the last 15 mins before the 4pm closing time to push COE prices up beyond $50K , as demonstrated in the last few bids.

For point 1. I do agree there might be some backlog due to bank loan approval process but it is not going to be a huge number. Did mediacorp blow trumpet about how many new orders had been secured during the show? My own assumption is notnhuge, and not forgetting the quiet booking before motor show to offset the demand.

 

For point 2. Where did you get the info from ? Care to share ?

[Vinceng]

For point 1. I do agree there might be some backlog due to bank loan approval process but it is not going to be a huge number. Did mediacorp blow trumpet about how many new orders had been secured during the show? My own assumption is notnhuge, and not forgetting the quiet booking before motor show to offset the demand.

 

For point 2. Where did you get the info from ? Care to share ?

 

Got the info for point from from respective distributors' SE.

 

Just to rattle off some numbers, 1,000 Attrages, 500 Lancers and 500 K3s were sold recently (car only, without COE)

[AXS]

Won't point 2 affect only Cat A COE?