COE Bidding – 1st Round of April 2018

[Chongster]

Or they can buy another 9 yr plus car and renew COE ...

[Magfocus]

I believe Cat B will be higher than Cat A this time.. 

[Mkl22]

Agree. Make sense to renew COE for those cars left with a few months 10 yrs since the PQP is comparative lower now. But according to record, there are a vast majority who has already done so over the past 4 years. Most of them only revalidated their rides for 5 years and no further extension allowed. That means this group of car owners are all ready to jump into the new car market anytime now.

Which is good because this will even out the coe supply and the dip from 2019 till 2023 won’t be that bad

[Kurty]

20k will be gd enuff. I will be happy man.

 

yeah, everyone will be delighted over this.

 

but will 20k ever come again?

[Dafansu]

Sienta price went up by 2K yesterday. One possibility is that they are expecting COE this round to drop so that they can advertise this weekend that they have "slashed" their price! Another possibility is that their supply of Sienta cannot keep up with the demand as there have been a lot of orders for Sienta recently. A third possibility is that they dropped their price a lot earlier this year in order to push the PIs out of the market. Now that the PIs for Sienta (petrol) are mostly gone, they raise their prices back.

 

 

anyway Toyota and Mazda are those ADs that always like to increase pricing before the bids. 

[DACH]

anyway Toyota and Mazda are those ADs that always like to increase pricing before the bids.

Then come motorshow decrease prices again.

[Evillusion]

Then come motorshow decrease prices again.

[Wildfaye29]

Got show coming this weekend? Than i guess it will be engineered to drop to lure potential buyers.

[Evillusion]

Agree. Make sense to renew COE for those cars left with a few months 10 yrs since the PQP is comparative lower now. But according to record, there are a vast majority who has already done so over the past 4 years. Most of them only revalidated their rides for 5 years and no further extension allowed. That means this group of car owners are all ready to jump into the new car market anytime now.

might as well renew 10 yrs.....at least can renew again after 10 yrs (unless lta comes out with new ruling in the near future). 5 yrs is like dealing a death blow to the car.....something inevitable! Actually after the 5th yr can sell of the car or trade-in if the price is right! Even scrap the car will get back the residual coe......

[Jwee85]

Look like low demand low bids.

Engineered a slight crash today, so as to create a 'Cheap buy' impression for this weekend sales at EXPO?

 

BIDDING STATUS AS AT 04/04/2018 09:29:52.00 HRS

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 1 1,566 28

B CAR ABOVE 1600CC OR 97KW 1 1,389 48

C GOODS VEHICLE & BUS 1 292 4

D MOTORCYCLE 1 516 76

E OPEN-ALL EXCEPT MOTORCYCLE 1 612 13

[Unfair]

Due to PQP system, hard for existing users to get a cheap COE to renew existing cars. 

Any reason why new COE cannot just be added to existing COE term so that we dont have to wait for last few months of current COE to renew ? Seems like a really lazy way of implementation. 

[DACH]

 

Look like low demand low bids.

Engineered a slight crash today, so as to create a 'Cheap buy' impression for this weekend sales at EXPO?

 

BIDDING STATUS AS AT 04/04/2018 09:29:52.00 HRS

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 1 1,566 28

B CAR ABOVE 1600CC OR 97KW 1 1,389 48

C GOODS VEHICLE & BUS 1 292 4

D MOTORCYCLE 1 516 76

E OPEN-ALL EXCEPT MOTORCYCLE 1 612 13

Action only comes in the afternoon.

[Jounetsu]

After past few months of see sawing, COE moved sideway during the last bidding. Feel that this round, Cat A will hoover around $38K or +/- $1K to $2K. Cat B, due to absent of various models; likely will be flat or lower by $1K to $2K. If Cat B has more new models for these few months, it will probably take some pressure off Cat A.  

[Ben5266]

Due to PQP system, hard for existing users to get a cheap COE to renew existing cars. 

Any reason why new COE cannot just be added to existing COE term so that we dont have to wait for last few months of current COE to renew ? Seems like a really lazy way of implementation. 

COE in down trend. You think PQP system is unfair.

What happen when COE cheong up?

[V-280]

Action only comes in the afternoon.

 

Action seems stronger on the Cat A side again.

 

Bidding status as at 04/04/2018 12:53:52.00 hrs

 

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 1 1,566 351

B CAR ABOVE 1600CC OR 97KW 1 1,389 185

C GOODS VEHICLE & BUS 1 292 11

D MOTORCYCLE 1 516 131

E OPEN-ALL EXCEPT MOTORCYCLE 1 612 16

Edited April 4, 2018 by V-280

[Unfair]

COE in down trend. You think PQP system is unfair.

What happen when COE cheong up?

What's the benefit of PQP Vs normal COE bidding ?

 

COE drastic drop you are stuck with higher price. If it's a drastic increase you can simply wait for next biddings.

 

You think they invented it to allow renewals be at a lower price ?

[Chongster]

Pqp is neither good nor bad but just a reasonable way of doing things

[kdash]

Great workhorse indeed! Developed a love relationship with my ride. To forgo is like dumping a faithful wife who has sticked with me through thick and thin for a young chic. 𤣠No way!

Just replaced all shocks and control arms last weekend and now back to itâs glorious days again.

kudos! i wonder if i will drive the same car for 10 years or not...