COE Bidding – 2nd Round of July 2019

[Nav14]

I am hoping for CAT A to drop to 25K

[Mann123]

yup. earlier than the norm for the past few biddings.  CatB seems aggressive this time

 

again PHV to disturb market and buying CAT B?  

 

CAT B already crossed previous bidding amount and now $35,000

[Prataboy]

CAT B went past $35K liao. Still got 25min to go. Very aggressive....

[Nav14]

Very strong bidding for Cat B. Are PHV operators back in the game?

[alvinlrj]

CAT A : $1 !!!

 

 

hahahaha cat b so aggressive though.

[Testdrive2011]

yeah what is up with cat b!?

[Terence2112]

Cat B expected...

 

3 consecutive drops. All the Cat B cars are cheaper then before.

[Nav14]

Cat B expected...

 

3 consecutive drops. All the Cat B cars are cheaper then before.

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

[emo3lmo]

cb PHV again

[Daniu82]

Nobody buying Cat A cars ah? Still $2 now. Definitely something wrong with Cat B.

Edited July 17, 2019 by Daniu82

[Mann123]

PHV is like a curse to Singapore car lovers :p

Nobody buying Cat A cars ah? Still $2 now. Definitely something wrong with Cat B.

 

just 25 more bid added 0000 to $ 2 

 

now 20,000  +

[Nav14]

PHV is like a curse to Singapore car lovers :p

But these operators are very silly. They push up so aggressively within a short period knowing very well it will drop again once their buying is completed. Just like what happened when it came down from $48k to $34k. So why cannot spread out and buy gradually. Unless buffer just too big due to the $$$ they are making from leasing of these cars..

[shearwater]

why this round cat A quota is 1623? last run only 1431, confusing..

[Nav14]

Guaranteed that the PHV operators were behind the silly $5k increase in Cat B. Hopefully it is for only one round.

Edited July 17, 2019 by Nav14

[JQ01]

Cat. B is so aggressive! All go lock in after recent drop.

[Jwee85]

Small cars and good vehicles no demand.

 

Bidding status as at 17/07/2019 15:57:05 hrs

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 25,001 1,623 1,838

B CAR ABOVE 1600CC OR 97KW 39,289 1,143 1,637

C GOODS VEHICLE & BUS 23,410 393 563

D MOTORCYCLE 3,456 900 1,085

E OPEN-ALL EXCEPT MOTORCYCLE 38,912 375 681

to Pay over $3500 for a motorcycle COE is too much.

 

Bidding status as at 17/07/2019 15:58:25 hrs

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 25,979 1,623 1,888

B CAR ABOVE 1600CC OR 97KW 39,405 1,143 1,668

C GOODS VEHICLE & BUS 23,890 393 596

D MOTORCYCLE 3,490 900 1,095

E OPEN-ALL EXCEPT MOTORCYCLE 39,289 375 704

Economy is still hot with demands for luxury cars

 

Bidding status as at 17/07/2019 15:59:05 hrs

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 26,001 1,623 1,893

B CAR ABOVE 1600CC OR 97KW 39,405 1,143 1,672

C GOODS VEHICLE & BUS 24,190 393 632

D MOTORCYCLE 3,501 900 1,115

E OPEN-ALL EXCEPT MOTORCYCLE 39,512 375 732

Looks like car buyers are still willing to pay.

 

Bidding status as at 17/07/2019 16:00:25 hrs

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 26,667 1,623 1,902

B CAR ABOVE 1600CC OR 97KW 39,406 1,143 1,677

C GOODS VEHICLE & BUS 24,599 393 657

D MOTORCYCLE 3,554 900 1,193

E OPEN-ALL EXCEPT MOTORCYCLE 39,889 375 751

[bamf]

Wah. Heng got my cat b last round.

Quite crazy up 16%

 

And the only reason cat A stay Low is because of the extra 200 coe from 2 bids back.

Should be up next round also. Get ready for panic cat A buying next 2 weeks.

 

Did say in last coe thread, last 2 weeks best time to grab those cheap cat B cars.

COE follow stock markets. Past 1month stock market so hot.

Unless trump go crazy and make stock market drop, can kiss Low coe bye bye.

But certainly didn’t expect such a crazy jump....

[Vinceng]

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.

 

Pretty much within my prediction (with 1st hand info fr within the industry) - 7% drop in Cat A

Very strong bidding for Cat B. Are PHV operators back in the game?

 

Yes, there are many PHV Opel Insignia waiting to be registered.