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COE Bidding – 2nd Round of July 2019

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For this round of bidding, something interesting to note. There is an additional of about 200 pcs "extra" COE for cat A, probably from the 199 pcs unused in the previous round of bidding exercise. Will it have an negative impact on cat A premium? [confused]

 

[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)


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Past Bidding Results (2016 - 2019)
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Trend Chart (Jul 2017 - Jun 2019) *chart taken from www.sgcarmart.com
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PQP (2010 - 2015)

 

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PQP (2016 - 2019)

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The details of the July 2019 2nd open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 15 July 2019, 12 noon
Tender closes: Wednesday, 17 July 2019, 4.00 pm
Tender results: Wednesday, 17 July 2019 (Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 4,434 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:
Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,623
Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,143
Category D: Motorcycles => 900

TRANSFERABLE CATEGORIES:
Category C: Goods Vehicles and Buses => 393
Category E: Open Category => 375

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Will probably remain status quo around the same range of 25k to 30k for Cat A.

 

Avante/Mazda 3 selling like hot cakes!

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Cat A should hover between 27k to 30k. Cat B maybe increase a bit since decreased last round, seems like many people booked Cat B cars?

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Will probably remain status quo around the same range of 25k to 30k for Cat A.

 

Avante/Mazda 3 selling like hot cakes!

Are there many others hot selling Cat A cars around, other than avante and mazda 3? Actually mazda 3 at this price already consider selling like hot cakes, if they lower the price a bit, will it be even more people buying? Lol.

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Are there many others hot selling Cat A cars around, other than avante and mazda 3? Actually mazda 3 at this price already consider selling like hot cakes, if they lower the price a bit, will it be even more people buying? Lol.

 

Not forgetting orders from PIs too. For ADs, maybe i30 turbo as well since the engine has been detuned to 128hp which is within the Cat A category. KMC alone has been registering average 500+ sedans every month based on LTA records. 

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I don't think the unused quota has much impact as those are obviously serious bids that failed in their attempt in the previous round. Any new purchases would be applying to new quotas, while the usual practice of AD should be to bid slightly higher for subsequent rounds for those who failed to get COE. So we're still looking at the new purchases vs this month quota to see what COE prices are like

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Cat B should go up, down for 3 rounds already.

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Cat. A: $30K

Cat. B: $36K

Again, guessing for fun. I am more interested in the actual Q3 quota shrink % that should be available after this round.

 

All the best for all bidding this round!

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Cat. A: $30K

Cat. B: $36K

Again, guessing for fun. I am more interested in the actual Q3 quota shrink % that should be available after this round.

 

All the best for all bidding this round!

Quota shrink not necessary will lead to increase of coe, since it have been shown quota shrink before but coe still did not increase much.  [laugh]  

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I predict CatA will drop to $22,589.

 

Demand seems weak from my own point of perception.

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Dropped so much to 22k? Not high chance but who knows might happen.

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Before I bought my new ride, i wanted COE to come down.

 

Now that I've gotten it, i wish it'll go up.

 

anyway, that's what everybody in my situation wanted also right?  [;)]

 

 

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In this climate, i dont think COE is going to chiong. Hang Cheng Pai...

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Cat A should go up due to demand for new mz3, but just slightly 29.5k

 

Cat B - 37k

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In this climate, i dont think COE is going to chiong. Hang Cheng Pai...

Lets see if coe go up or down?!

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I don't think the unused quota has much impact as those are obviously serious bids that failed in their attempt in the previous round. Any new purchases would be applying to new quotas, while the usual practice of AD should be to bid slightly higher for subsequent rounds for those who failed to get COE. So we're still looking at the new purchases vs this month quota to see what COE prices are like

 

Newbie here.

 

How does the unused quota come about? I saw in the previous bid, there was 1428 successful bids for the 1431 available, so only 3 were unbid. Or is it because this is the last bid for the 6 months, it accumulates all the unbid ones (I saw there was almost 200 from the 2nd June one - how did that happen?)?

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In this climate, i dont think COE is going to chiong. Hang Cheng Pai...

As long as there is PHV and taxi to disturb, COE would likely to stay flat or slight lower.
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Anyplace to get the information of the number of bids?..

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It's a given that Cat A will drop 5 to 10% due to the following reasons -

 

1) Many backlogs when COE was $26K last month

2) Many of the bread and butter cars have arrived, and are at the port

3) Taxis and PHV rental firms are still out of the picture

 

Distributors will want to max out profit and will be conservative in bidding, with many bookings when  COE was lower.

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Are there many others hot selling Cat A cars around, other than avante and mazda 3? Actually mazda 3 at this price already consider selling like hot cakes, if they lower the price a bit, will it be even more people buying? Lol.

 

seat toledo shd b selling too but.....

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Are there many others hot selling Cat A cars around, other than avante and mazda 3? Actually mazda 3 at this price already consider selling like hot cakes, if they lower the price a bit, will it be even more people buying? Lol.

 

Mazda 3 may have enough room to lower the price.  They got 10K VES rebate which other competitors model don't have

 

But the car is full of specs and nice interior. Wonder what is OMV for this car as can't see from SGcarmart. Maybe the price is reasonable if OMV is high for this Model. 

 

Only downside is not latest engine which is under-powered too.  

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seat toledo shd b selling too but.....

Why but le?

Mazda 3 may have enough room to lower the price.  They got 10K VES rebate which other competitors model don't have

 

But the car is full of specs and nice interior. Wonder what is OMV for this car as can't see from SGcarmart. Maybe the price is reasonable if OMV is high for this Model. 

 

Only downside is not latest engine which is under-powered too.  

It is because this car is full of specs, thats why the 10k VES not pass down to buyer? The OMV for this car is at least 20k if the mazda SE told me is true.

 

Anyway, which jap b&b car is using latest engine when they launched their new model le? Think most are using previous generation old engine. 

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It is because this car is full of specs, thats why the 10k VES not pass down to buyer? The OMV for this car is at least 20k if the mazda SE told me is true.

 

Anyway, which jap b&b car is using latest engine when they launched their new model le? Think most are using previous generation old engine. 

 

If OMV is about 20K+- then they want to cash new model as much as they can and later will reduce price after hype is over. 

 

SG market is dealers market so they will give VES rebate benefit to them-self and not to buyers if competitive model don't have same rebate. Consumer suck thumb, either govt gain (VES penalty) or AD gain (VES rebate)

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