COE Bidding - 1st Round July 2019

[Wolverine23]

Any forecast?

[rogerduck]

Up for Cat A , probably down or stable for B

[wpy]

Any forecast?

 

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

[Vinceng]

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

 

Edited June 26, 2019 by Vinceng

[13177]

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 June 26, 2019 by 13177

[Vinceng]

In this case, coe should go down?

[Daniu82]

I think Cat A will up 1 to 2k and Cat B maybe will drop another 1 to 2k

[Jwee85]

Should likely be drop another $1000 for A & B.

[Lotr]

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

[Tanhangkiang]

CAT B 26,999

 

CAT A 22,950

[Ct3833]

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 June 26, 2019 by Ct3833

[Wolverine23]

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 :)

[Scion]

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

[Jwee85]

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.

[r0ck3r]

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!

[Lotr]

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.

[Tanhangkiang]

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 June 27, 2019 by Tanhangkiang

[Lotr]

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