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COE Bidding – 1st Round of October 2018


Carbon82
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Dealers can choose not to bid for some customers first?

But wouldn't this be the same for all cycles and not like they all bid for all customers for previous biddings and they suddenly hold back this time round.....

 

I wonder if there are such figures available......

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But wouldn't this be the same for all cycles and not like they all bid for all customers for previous biddings and they suddenly hold back this time round.....

 

I wonder if there are such figures available......

 

Probably demand matches supply.

 

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Cat.A the 37th lowest bid is already bid so high at $19,088.

Singaporeans really so rich.

 

 

 

 

Car buyers pay the price for which they signed for in the sales agreement at the point of purchase. COE bidding is done by the car dealers based on several factors. So just because the nth bid is $xxk, doesn't mean Singaporean is rich - it's just how dealers are managing their bids. If you want to say Singaporean (not necessarily is Singaporean, mind you) rich, it should be based on the fact that they are willing to pay such high prices for cars in the first place which are among the most expensive in the world (and it's not just due to COE), if not the most.

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do u guys feel that Oct Cat A PQP is a stable price for this category

 

If your existing COE has yet to expire. I'd say "Wait"

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Fully agree with you they are both the banker and player.

 

They might be holding until COE goes up then start to sell. The downside to hold 1 year is merely COE depreciation of say 3,000 (based on today’s COE price). The upside (if COE increases by 30,000 is at least $20,000).

 

I believe they can hold some of these cars for up to 2 years waiting to unload.

 

Most of Lion City Rental cars are secured with $36K to $50K COE.

 

The used examples are characterised by stains on the fabric seats, shiny steering wheels and gear knobs (from oily hands). I'd take the "low" mileage with a  pinch of salt.

 

 

New

https://www.sgcarmart.com/used_cars/info.php?ID=769127&DL=1091

 

Used

https://www.sgcarmart.com/used_cars/info.php?ID=746416&DL=2080

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But wouldn't this be the same for all cycles and not like they all bid for all customers for previous biddings and they suddenly hold back this time round.....

 

I wonder if there are such figures available......

Assumimg all else equal , you are correct. Menaing there was no growth in demand between the two cycles. But when COE drops slightly in next cycle or when there is a promo , demand will go up again. Because of the fixed and limited amount of COE , any slight increase in demand would cause the competition to heat up and therefore driving up the bid price.

If your existing COE has yet to expire. I'd say "Wait"

Bro, any reason why you say so and how long to hold? i am not in disagreement with you but curious on how long should be the "wait" knowing COE supply will continue to dwindle from now on.
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Bro, any reason why you say so and how long to hold? i am not in disagreement with you but curious on how long should be the "wait" knowing COE supply will continue to dwindle from now on.

 

Looking at the global economy and Starhub’s latest retrenchment & restructuring, Giant’s retail closure of all its major store starting next year and this piece of latest news, it’s anyone’s guess where COE prices are headed.

 

https://www.theguardian.com/business/2018/oct/03/world-economy-at-risk-of-another-financial-crash-says-imf

 

https://www.theguardian.com/commentisfree/2018/sep/12/crash-2008-financial-crisis-austerity-inequality

 

The 10 yr cycle is approaching and <$10K COE is not impossible - it's WHEN?

Edited by Vinceng
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If your existing COE has yet to expire. I'd say "Wait"

 

Next year somewhere around June might be the best time in my opinion. 

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Most of Lion City Rental cars are secured with $36K to $50K COE.

 

The used examples are characterised by stains on the fabric seats, shiny steering wheels and gear knobs (from oily hands). I'd take the "low" mileage with a  pinch of salt.

 

 

New

https://www.sgcarmart.com/used_cars/info.php?ID=769127&DL=1091

 

Used

https://www.sgcarmart.com/used_cars/info.php?ID=746416&DL=2080

All sell above $70k plus, so expensive.

Edited by 13177
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With demand relatively stable, the price direction depends on Nov to Jan COE supply.

 

Once the recession is in full swing, many will face issues securing loan if their jobs are at stake so demand will decrease.

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Looking at the global economy and Starhub’s latest retrenchment & restructuring, Giant’s retail closure of all its major store starting next year and this piece of latest news, it’s anyone’s guess where COE prices are headed.

 

https://www.theguardian.com/business/2018/oct/03/world-economy-at-risk-of-another-financial-crash-says-imf

 

https://www.theguardian.com/commentisfree/2018/sep/12/crash-2008-financial-crisis-austerity-inequality

 

The 10 yr cycle is approaching and <$10K COE is not impossible - it's WHEN?

Thanks. Valid reasons. But new ride hire company is coming in. While i dont think they will snap up COE like LCR did before, COE price can easily shoot up  under competition due to the small supply. I hope the same will not repea thought.  and I dare not to hope COE will do down further, current price is something reasonable.  The only question is timing when current car still have a few months to a year to go. 

Next year somewhere around June might be the best time in my opinion. 

so far your data plot has been very convincing in the recent years.  [laugh]  Though you do not have the crystal ball into the future, i will have to agree with your view. And i am praying. 

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Next year somewhere around June might be the best time in my opinion. 

COE supply will reduce quite significant starting Jun/Jul 2019.

Better board ship by April/May. To be safe.

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COE supply will reduce quite significant starting Jun/Jul 2019.

Better board ship by April/May. To be safe.

 

 

still alot in my personal opinion, mitigated by the excess from Lion City, private hire drivers dropping out from the industry and the poor economy outlook with various retrenchments coming in. 

post-7510-0-51834400-1538621529_thumb.png

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Thanks. Valid reasons. But new ride hire company is coming in. While i dont think they will snap up COE like LCR did before, COE price can easily shoot up  under competition due to the small supply. I hope the same will not repea thought.  and I dare not to hope COE will do down further, current price is something reasonable.  The only question is timing when current car still have a few months to a year to go. 

so far your data plot has been very convincing in the recent years.  [laugh]  Though you do not have the crystal ball into the future, i will have to agree with your view. And i am praying. 

 

[laugh] We can only predict the future but we can't confirm as policy may change every time and affected by several factors. For now I don't see anything will push up pricing but more of a constant downtrend if based on existing factors (main consideration will be lion city and private hire to me). LTA will review the current growth rate (0%) in 2020, likely they will announced late next year (expecting them to remain at 0% or negative if they really targeting car-lite status) so till then we will need to judge when's the best time to buy if can afford to time the market for some savings. My personal opinion again.  [lipsrsealed]

Edited by Dafansu
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Looking at the global economy and Starhub’s latest retrenchment & restructuring, Giant’s retail closure of all its major store starting next year and this piece of latest news, it’s anyone’s guess where COE prices are headed.

 

https://www.theguardian.com/business/2018/oct/03/world-economy-at-risk-of-another-financial-crash-says-imf

 

https://www.theguardian.com/commentisfree/2018/sep/12/crash-2008-financial-crisis-austerity-inequality

 

The 10 yr cycle is approaching and <$10K COE is not impossible - it's WHEN?

 

Sorry if you feel offended...

After reading your reply, suddenly it's make me think that you are the Apple Tart we used to know.... :grin:  :grin:

 

Anyway bad time definitely is coming.

Stay strong and stay safe [wave]

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