COE Bidding – 2nd Round of June 2019

[Atachi]

Interesting, wonder how this down trend will go during the 7th month. 

[Lotr]

Interesting, wonder how this down trend will go during the 7th month.

But some industry guy said that demand is weak due to school holidays when he was interviewed on Tv.

[Stargurlz]

Give it a day or 2... they will update the IU. Ya time to chase the SE... but likely tell u car not ready, still need to install stuff or too many customers getting their cars this week...

 

But most important thing to do now is go to Singaoore Pool to 发财first... haaa.... so its SMM or still SML??

 

Its SMM! LOL!

 

Collecting it tomorrow! :)

[Zaxx]

But some industry guy said that demand is weak due to school holidays when he was interviewed on Tv.

More people are using common sense rather than what they hear on mainstream media. Good for them.

[Lotr]

More people are using common sense rather than what they hear on mainstream media. Good for them.

Right on.

 

Anyway, the car price didn't reduce equally with coe, 2 cat b models on my watchlist only do by 3k

[Harthen]

Honda Jazz reduced again by 2k. Still not the lowest so far..

[13177]

Right on.

 

Anyway, the car price didn't reduce equally with coe, 2 cat b models on my watchlist only do by 3k

Confirmed car price did not reduce on par with coe. Even cat A coe below 30k, still can find b&b cars selling at 90k or more! AD really profits a lot!

[Matrix0405]

The next quarter quota likely to be lower as de-registration in May continues to drop.

 

Degistration May 2019.PNG

 

Leading indicator of the COE supply is the revalidation of COEs which continues to go higher in April.  I think May will also be the same as April.

 

revalidation april 2019.PNG

 

 

Supply is reducing yet COE is low: Now, more than ever, is the time to buy. COE was at its lowest a decade ago.

The recent surge in price was because of PHV buying? What happened to those Lion City cars? Did it manage to sell the cars off at $10K/yr depre? 

Edited June 22, 2019 by Matrix0405

[Vinceng]

The average profit margin for Japanese bread and butter cars still average $20K upwards.

 

There is room for prices to drop further.

[RogerNg_185295]

They have to pay their workers, the showroom expenses etc. After all these, its the profits.

That's what doing business is all about.

Confirmed car price did not reduce on par with coe. Even cat A coe below 30k, still can find b&b cars selling at 90k or more! AD really profits a lot!

 

[Mkl22]

The average profit margin for Japanese bread and butter cars still average $20K upwards.

 

There is room for prices to drop further.

Haha. Yesteryears profits of 10k are long gone la. Land price and salary up. How to make money if margins so low.

[13177]

Supply is reducing yet COE is low: Now, more than ever, is the time to buy. COE was at its lowest a decade ago.

The recent surge in price was because of PHV buying? What happened to those Lion City cars? Did it manage to sell the cars off at $10K/yr depre?

Those lion city cars long ago already got buyer who bought them, maybe either export, scrap or sell in resale market.