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COE Bidding – 2nd Round of July 2019

Carbon82

By Carbon82,
in General Car Discussion

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Terence2112

Terence2112

2nd Gear

i think you should go to AD in person and ask your queries. More they see and hear you more pressure they will get to bid for you. You can ask when stock coming etc. Maybe your selected color and trim stock is not in SG and coming in next 1-2 months so they plan to bid later.

 

 

As you told AD didn't even bid for you could be due to stock level. sometime SE also don't know what is happening in bidding department and they reply anyhow because customer ask them immediately after bidding stop.

Thanks for the advice. Really appreciate you taking the time to reply to my venting.

 

I’m just frustrated with the overall experience. Provably even more when I got outbidded by $1.

My gut feel is that AG has a certain threshold to bid. Anything more, it’s considered a loss for them.

 

It’s also my first time experiencing this 6 bids non guaranteed coe thingy. My last purchase was from PI, a one bid guaranteed coe.

 

I’m quite loss in this, hence the reason I asked if ever there was a case of cars not being delivered by other ADs.

 

But anyway, thanks again. 3 more bids (2 more months of anticipation), and if still unsuccessful, I get back my deposit.

I’m also concerned they will play the stupid TOP up game.

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Sng28

Sng28

1st Gear

News said cat B cheong is because of new launches: BMW 7 series, Porsche 911, mercs CLA.

 

Never mention gojek this time round.

i never trust news anymore.....all fabricated...anyhow wack one.......i dont buy this reasoning loh

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bamf

bamf

1st Gear
(edited)

Don’t bother about all these talk about PHV. The fact is COE is at a comfortable level and the luxury Brands are still doing well. COE level doesn’t mean anything for a 200k car, who cares if coe up or down few thousand. PML SE say their last quarter sales was very good.

 

Even cat A at this level is comfortable. Can afford to buy a 90k car just buy. Really must dream that COE hit 10k then buy?

 

With the reduced quota coming, leaning towards coe going up rather than down. Cat b though probably have to come down abit first after this round.

 

This round results gonna hurt the Budget cat B car though...

Edited by bamf
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Vinceng

Vinceng

Turbocharged

And again this shows that COE bidding system is flawed in many ways.

Family share the same system with business dealings. Make no sense.

 

The COE system is flawed from day 1.

 

It is openly manipulated by the car distributors.

 

That's how I could accurately predict the movement of Cat A after hearing insights from within the industry.

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Nyox

Nyox

2nd Gear

The rise in cat B is not due to PHV companies. With the previous consecutive drops in cat B prices, many folks are buying cat B vehicles.

 

Got to know through someone who works in an AD selling only cat B cars, sales are particularly strong in the last month.

 

Cat B is expected to rise in the next bidding with the further reduction in COE quota.

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13177

13177

Hypersonic

Surprisingly Cat A dropped almost 2k? Thought avante and new mazda 3 might pushed up the coe? I guess next round for Cat A might go up since quota cut which people scare and enter the market? But economic no good, should not increase much also.

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Nav14

Nav14

6th Gear
(edited)

actually i tot all PHV are done with their bidding ; hence the drastic drop in CAT B for the last 3 rounds of COE....

 

what made you guys point the gun at PHV for this insane hike for CAT B? Just curious how you derive that?

Because the way they pushed the prices up last time from 30k to 48k, within a few bids. The same degree of mindless aggressivenes displayed today.

 

Media reports say it could be due to new models like BMW 7 or Merc CLA but both of these ADs know how to spread it out and the orders could not be so substantial, to warrant the desperate rush for COEs.

 

While Cat B had fallen over 3 rounds, but the fall was slow and steady and not a sudden huge drop which would have brought in huge orders. Coupled with weakening economic indicators which tend to have greater impact on sales of luxury cars, any rise in prices should have been a measured 1-2k at very most.

Edited by Nav14
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icez118

icez118

Clutched

But should not be so aggressive considering poor economic outlook. Pretty sure PHV operators are messing up again.

 

My friend ordered CLA on Sunday today secured COE. It's the big boys with huge margins moving prices up..  :a-noway:

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bamf

bamf

1st Gear

I’m always perplexed when people bring up the “poor” economy. How many of us here are actually affected and are part of the 3,000 people that got retrenched in Q1 this year? How is it that stock market is still not far off the highs in such a poor economy.

 

This is a drop in the ocean compared to the number of rich potential car owners/upgraders.

 

And bulk of the middle income people still have decent paying jobs and can easily afford cars.

 

The simple fact is there are only about 6k COEs a month, much lesser than the potential/ready car buyers.

 

PHV is just an easy excuse and something to blame. I would say blame brisk sales and everyone that can afford a car.

BM and Merc regularly bid 3/4K above previous prices to secure COE. Maybe more if required.

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Nav14

Nav14

6th Gear

I’m always perplexed when people bring up the “poor” economy. How many of us here are actually affected and are part of the 3,000 people that got retrenched in Q1 this year? How is it that stock market is still not far off the highs in such a poor economy.

 

This is a drop in the ocean compared to the number of rich potential car owners/upgraders.

 

And bulk of the middle income people still have decent paying jobs and can easily afford cars.

 

The simple fact is there are only about 6k COEs a month, much lesser than the potential/ready car buyers.

 

PHV is just an easy excuse and something to blame. I would say blame brisk sales and everyone that can afford a car.

BM and Merc regularly bid 3/4K above previous prices to secure COE. Maybe more if required.

 

"Poor" economy should have a more psychological effect than a real effect on a sinkie's ability to buy a car. So much so, PAP is intent to take advantage of this negative psychological effect, with Shanmugam coming out to say that this would be PAP's main election strategy, to scare sinkies into voting for them, on the premise only PAP can bring them out of the economic malaise.

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Ryanwin

Ryanwin

Neutral Newbie

I’m always perplexed when people bring up the “poor” economy. How many of us here are actually affected and are part of the 3,000 people that got retrenched in Q1 this year? How is it that stock market is still not far off the highs in such a poor economy.

 

This is a drop in the ocean compared to the number of rich potential car owners/upgraders.

 

And bulk of the middle income people still have decent paying jobs and can easily afford cars.

 

The simple fact is there are only about 6k COEs a month, much lesser than the potential/ready car buyers.

 

PHV is just an easy excuse and something to blame. I would say blame brisk sales and everyone that can afford a car.

BM and Merc regularly bid 3/4K above previous prices to secure COE. Maybe more if required.

 

Sounds make sense, dealer bid 42K for my friend's car. 

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Sopskysalat

Sopskysalat

4th Gear

Thanks for the advice. Really appreciate you taking the time to reply to my venting.

 

Iâm just frustrated with the overall experience. Provably even more when I got outbidded by $1.

My gut feel is that AG has a certain threshold to bid. Anything more, itâs considered a loss for them.

 

Itâs also my first time experiencing this 6 bids non guaranteed coe thingy. My last purchase was from PI, a one bid guaranteed coe.

 

Iâm quite loss in this, hence the reason I asked if ever there was a case of cars not being delivered by other ADs.

 

But anyway, thanks again. 3 more bids (2 more months of anticipation), and if still unsuccessful, I get back my deposit.

Iâm also concerned they will play the stupid TOP up game.

You signed up for 6 bid NG. So you can’t be complaining now. Be patient and you will get your car, may be with higher coe price than when you booked.

 

LTA should scrap this coe NG or G process since what is NG when contract is favoured to dealer with not much transparency. But they are turning a blind eye to it now.

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Vinceng

Vinceng

Turbocharged

Whatâs the duration between securing COE to collecting the Car?

Between one to two weeks, if your car is already in Singapore.
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IKER

IKER

Neutral Newbie

Between one to two weeks, if your car is already in Singapore.

Thanks @Vinceng
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