Jump to content

Recommended Posts

Any forecast?

↡ Advertisement

Share this post


Link to post
Share on other sites

Any forecast?

 

Flip a coin. Heads it's up; tails it's down; and If it lands on its edge, no change.

Share this post


Link to post
Share on other sites

This is the answer to where COE prices are headed - Brace for greater economic headwinds as global uncertainties likely to persist

 

https://www.channelnewsasia.com/news/singapore/brace-for-greater-economic-headwinds-as-global-uncertainties-11662164

 

[;)]

In this case, coe should go down? Edited by 13177
↡ Advertisement

Share this post


Link to post
Share on other sites

Cat A. $26-28k

 

Cat B $33 - 35K

 

New trend now Cat A and B gap looks more like $5k den used to be $10k

Share this post


Link to post
Share on other sites

I think A will go up and B will go down.  <2k ea.

Share this post


Link to post
Share on other sites

Any forecast?

You are hoping that COE will go down a lot more so that you could trade your Audi for a Civic? Here is my thought but I could be wrong.

Cat A currently at 26.9k, chances of it to go down by 10k is quite impossible, down by 5k? Maybe, it is anyone's guess. But even if COE will to drop by 5k, price of Civic will not, it will be 2k or 3k lower at best. Since you are looking at spending 95k, what difference would it make for 3k more? or less ?

Would the reverse happen ? Will COE goes up ? Possible especially taxi starts to come in, by then, you have no time to react, while I wont say COE will surge like a derail train , it will for sure to go up.

Net is if you have done your maths and are financially comfortable, your have not much to lose at current price.

Simple comparison, how much COE have you paid for Audi vs now ?

Edited by Ct3833

Share this post


Link to post
Share on other sites

You are hoping that COE will go down a lot more so that you could trade your Audi for a Civic? Here is my thought but I could be wrong.

Cat A currently at 26.9k, chances of it to go down by 10k is quite impossible, down by 5k? Maybe, it is anyone's guess. But even if COE will to drop by 5k, price of Civic will not, it will be 2k or 3k lower at best. Since you are looking at spending 95k, what difference would it make for 3k more? or less ?

Would the reverse happen ? Will COE goes up ? Possible especially taxi starts to come in, by then, you have no time to react, while I wont say COE will surge like a derail train , it will for sure to go up.

Net is if you have done your maths and are financially comfortable, your have not much to lose at current price.

Agree. Already locked in it :)

Share this post


Link to post
Share on other sites

yah... actually for now, it's better to hope the prices of the cars you want to buy drop to your expectation, instead of expecting COE drop to certain levels

 

many car dealers are still stubbornly holding on to their high selling price levels, hoping things will turn around

Share this post


Link to post
Share on other sites

With the news of technical recession...... and our PM telling singaporeans to brace ourselves and cannibalise each others.

 

Will Kiasi car buyers hold back their purchase this weekends?

If so, this might mean the COE could drop below $20k or worst.

Share this post


Link to post
Share on other sites

With the news of technical recession...... and our PM telling singaporeans to brace ourselves and cannibalise each others.

 

Will Kiasi car buyers hold back their purchase this weekends?

If so, this might mean the COE could drop below $20k or worst.

Yeah holding it now!

Share this post


Link to post
Share on other sites

If demand is weak, dealers will cut price to attract buyers. Otherwise they will not be able to prop up the COE prices. If not, one fine day if the bidding number is not enough, prices will crash and they will have to cough up the rebates.

Share this post


Link to post
Share on other sites

Car service advisers could suffer reduced commission.

 

This happen as a result of potentially smaller loan package,

 

or even for onward coe reduction/rebate.

Edited by Tanhangkiang

Share this post


Link to post
Share on other sites

May 2019 was quite gloomy but there is some recovery of sentiment since mid June 2019.

 

Since Cat A quota might be cut by about 15% from Aug to Oct, it should push the Cat A COE back to $30k+ in July.  Cat B quota seems to be quite stable in the next quarter so I don't expect much changes.

 

Hence, I think Cat A and B prices could converge in July 2019 at around $33k-36k.

Share this post


Link to post
Share on other sites

One more point of view is that COE quota cut is due to fewer deregistration which is due to more people extending their COEs. Correspondingly the demand for new cars drops. So with COE supply drop, there is also a possible demand drop.

 

Unless people are extending COEs to keep as an extra car

Share this post


Link to post
Share on other sites

Wah 7 early 8 early got people start the July COE thread liao... Lucky I have the habit of searching the forum before starting a new thread, else will have to ownself warn ownself  :XD: :XD:

 

 

 

[flowerface] Community Service Time [flowerface]

2 useful links for our dear MCFers:

Real Time COE Bidding Results

Check Your COE Bidding Status

[sunny] Good Luck to all vested! [sunny]

Past Bidding Results (2001 - 2015)


bNS9tPN.jpg
6GaOung.jpg
q0QolBw.jpg
LUo3xhG.jpg
lo0jcDv.jpg



Past Bidding Results (2016 - 2019)
dzw0ADd.jpg
nvmxTV5.png

Trend Chart (Jul 2017 - Jun 2019) *chart taken from www.sgcarmart.com
Pyto26Q.png

PQP (2010 - 2015)

 

Y77goPF.png

 

 

PQP (2016 - 2019)

VdhpB7F.png


The details of the July 2019 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 1 July 2019, 12 noon
Tender closes: Wednesday, 3 July 2019, 4.00 pm
Tender results: Wednesday, 3 July 2019 (Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 4,243 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:
Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,431
Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,141
Category D: Motorcycles => 902

TRANSFERABLE CATEGORIES:
Category C: Goods Vehicles and Buses => 390
Category E: Open Category => 379

Share this post


Link to post
Share on other sites

Does starting a thread early means interest has returned and so prices should be firm?

Share this post


Link to post
Share on other sites

When there’s a economic downturn,Singaporeans tends to rush out to get a new car.

 

Ya, buying new cars is a form of de-stress for Singaporeans...  :)

Share this post


Link to post
Share on other sites

CS 0.45 month bonus in July not enough to support the demand for new cars :D

↡ Advertisement

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×