Coe 2nd round for May

[Jusnel]

Don't worry too much abt the drop price.

 

We will have 10000 buyers rushing to sign this weekend. Then COE goes up again.

 

Garment not stupid...... They design COE to be failsafe. Where got drop?

 

SG ppl mentality, we all know, right? Something cheap, they flock in thousands to buy. If not for SG mentality, JB biz would be dead long time again liao....

[Legan]

I think in July will go down even more.

 

I won't rush in at 73.8k

 

What's the reason you predict that July will drop?

[Ahpatgo]

think i got it on my 1st bid.... my SE told me she bidded for me 50,999 but should i be happy? :(

You should be happy that you got your ride. Although the fact is AD has higher margin from your sales but who cares as you 'CHU CHAI LIAO'

[nitecycler]

Actually Low Coe is Win-Win, car buyer may get COE rebate which results in cheaper car and AD/PI get max profit /commission which will allow them to stay in business and cover our car warranty .

 

Only loser is Govt who get to collect lower COE tax revenue

 

If the car dealer lose money or earn little in selling our car , then they may go bankrupt and those 5 -10 years warranty will come to naught

[blmg]

Now should see altis 105k and civic 110k since coe drop 4k plus.

I think both Altis and Civic might see a price drop of $3k versus 4.6k fall in Coe.

[Atomicman]

Congrats to all buyers who got their COEs!!

[Victor68]

Just to add to the fun, no hard feeling ok? $46k compares to $50K or previous high of $90K indeed was lower. Is $46K low? I am not sure and why rush? LTA loves these people with such mindset.

 

Although I am on the sideline waiting, the reason for not rushing is because I can wait and time is on my side. Even if my ride COE is going to expire, I don't think I will rush too. Simply the car is not a need but a good to have.

 

And some have said here before, Limpeh got $, then surely up or down no issue, just buy and contribute both to government fund and give SE a career.

 

Those who got their COE, do enjoy and forget about COE bidding till your next turn.

[blmg]

Reading from the 2017 budget at http://www.businesstimes.com.sg/government-economy/singapore-budget-2017/s92b-to-come-from-car-taxes-and-coe-premiums-in-fy2017:  

 

"Vehicle quota premiums of S$6.518 billion look set to fall 5 per cent from S$6.863 billion."

 

Assuming 130,000 COEs (new or re-validation for 10 years), average COE assumed in the 2017 budget was $50k.  It would be higher than $50k since re-validations are likely skewed towards 5 years instead of 10 years.

[Gnomish]

All drop. This two weeks so many negative news. Hold back buying so drop 5k each.

Hey i got it right for cat a

[Jamesc]

What's the reason you predict that July will drop?

 

I think the economy will slow down, stock markets

 

fall and increase in retrenchments.

 

[wongpumpkins]

maybe bcos also existing AD line up model seem quite outdated..need some new model to boom the buyer interest..like existing altis which actually should be replace with facelift but still no news..haha

Cat A sales not so good last 2 weeks because Altis is back to $110k and Civic at $115k, unlike the previous months where Altis was going for less than $100k and civic at $110k.

 

[Sdf4786k]

I think the economy will slow down, stock markets

 

fall and increase in retrenchments.

 

 I believe the news that towards the last 10 mins the CAT A was still at 10000 and closed up at the current rate.

 

The AD could have easily log in at 20,000 range and the market instead of rush will become quiet. At least that the conspiracy theory.

[Didu]

Cannot wait anymore... it now or never..This weekend must sign on the dotted line.

Better call your SE to see any price adjustment first before going down

[Cleonkingishere]

Found out that 6 bid non g. No necessary AD will bid for you and ask you top up for their offer of open cat. Cause I always check the system every bid and it AD told me all the 6 bid not successful unless top up. So I give up.BTW. my target is cat.B.

[Showster]

I think the economy will slow down, stock markets

 

fall and increase in retrenchments.

 

They just announced that growth is speeding up and will exceed 2%?

[flashbang]

My SE bidded 52k for me :(

Mitsubishi bid 55k this round, very aggressive. COE going down? Unlikely...

[SuPerBoRed]

Mitsubishi bid 55k this round, very aggressive. COE going down? Unlikely...

 

This is the part i dont understand the bidding strategy for AD...  

 

if they bid 55k = they still make profit. 

 

anything below 55k to the rebate price is additional profit. 

 

If they are willing to bid so high... then why dont they just lower the price to get more volume?

[Philipkee]

This is the part i dont understand the bidding strategy for AD...

 

if they bid 55k = they still make profit.

 

anything below 55k to the rebate price is additional profit.

 

If they are willing to bid so high... then why dont they just lower the price to get more volume?

I think it's cos they know how much they are willing to bid as in Upper limit for a specific price of car. If they lower the price they will end up bidding lower but now they have bigger volume of orders.

 

Which is good except that if ever AD does this to increase volume this will create a bigger number of unfulfilled orders which will be bad for reputation and make any subsequent discounts not trustworthy as they can offer low price but you end up topping up or not getting anything. Which was what happened to some AD.

 

What you might be suggesting is also they can lower the price but bid 55k and still make profit so why not do that? I think cos they can only do so much for a few cars and if there is a flood of orders then end up unfulfilled orders or top up.

 

Or they can take a risk and work on skin tight margins in hopes that greater volume will make up for it. But that's what PIs do and many end up bankrupt and closing shop

 

Two cents

Edited May 25, 2017 by Philipkee