Philipkee Twincharged October 3, 2018 Share October 3, 2018 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...... ↡ Advertisement Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 3, 2018 Share October 3, 2018 Dealers can choose not to bid for some customers first? i think he is referring to all else equal. Link to post Share on other sites More sharing options...
Dafansu Turbocharged October 3, 2018 Share October 3, 2018 Prevailing Quota Premium (3 months average)Cat AJan 2014: 76109Jun 2014: 71672Jan 2015: 65607Jun 2015: 66107Jan 2016: 56633Jun 2016: 46454Jan 2017: 50645Jun 2017: 50625Jan 2018: 42970Feb 2018: 42122Mar 2018: 39274Apr 2018: 38655May 2018: 38192Jun 2018: 38214Jul 2018: 37165Aug 2018: 34169Sep 2018: 32339Oct 2018: 30284Cat BJan 2014: 82333Jun 2014: 76872Jan 2015: 72726Jun 2015: 74629Jan 2016: 58615Jun 2016: 48479Jan 2017: 52660Jun 2017: 54088Jan 2018: 52271Feb 2018: 50578Mar 2018: 44998Apr 2018: 40881May 2018: 38712Jun 2018: 37906Jul 2018: 36888Aug 2018: 34900Sep 2018: 33377Oct 2018: 32279 3 Link to post Share on other sites More sharing options...
Caravan 5th Gear October 3, 2018 Share October 3, 2018 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. Link to post Share on other sites More sharing options...
Kar_lover Supercharged October 4, 2018 Share October 4, 2018 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. 1 Link to post Share on other sites More sharing options...
Vinceng Turbocharged October 4, 2018 Share October 4, 2018 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" 1 Link to post Share on other sites More sharing options...
Vinceng Turbocharged October 4, 2018 Share October 4, 2018 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 Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 4, 2018 Share October 4, 2018 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. Link to post Share on other sites More sharing options...
Vinceng Turbocharged October 4, 2018 Share October 4, 2018 (edited) 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 October 4, 2018 by Vinceng 2 Link to post Share on other sites More sharing options...
awhtc 6th Gear October 4, 2018 Share October 4, 2018 With demand relatively stable, the price direction depends on Nov to Jan COE supply. 1 Link to post Share on other sites More sharing options...
Dafansu Turbocharged October 4, 2018 Share October 4, 2018 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. Link to post Share on other sites More sharing options...
13177 Supersonic October 4, 2018 Share October 4, 2018 (edited) 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 October 4, 2018 by 13177 Link to post Share on other sites More sharing options...
Vinceng Turbocharged October 4, 2018 Share October 4, 2018 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. Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 4, 2018 Share October 4, 2018 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. Though you do not have the crystal ball into the future, i will have to agree with your view. And i am praying. Link to post Share on other sites More sharing options...
Ben5266 Supercharged October 4, 2018 Share October 4, 2018 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. Link to post Share on other sites More sharing options...
Dafansu Turbocharged October 4, 2018 Share October 4, 2018 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. 1 Link to post Share on other sites More sharing options...
Dafansu Turbocharged October 4, 2018 Share October 4, 2018 (edited) 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. Though you do not have the crystal ball into the future, i will have to agree with your view. And i am praying. 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. Edited October 4, 2018 by Dafansu Link to post Share on other sites More sharing options...
L23 6th Gear October 4, 2018 Share October 4, 2018 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.... Anyway bad time definitely is coming. Stay strong and stay safe ↡ Advertisement Link to post Share on other sites More sharing options...
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