COE Bidding – 2nd Round of July 2019

[13177]

Heard the report on ch8 news last night. Iirc showrooms seeing 20% increase in customers. But experts say that this increase could be just a kneejerk reaction.

Always like this when they announced a cut of coe quota and a slight dropped in coe price, people would rush to the showroom to see look or even book a car de. Then next round coe confirmed will increase and ADs would inject fear to customers that coe would continue to increase, so faster book a car now or top up to avoid missing the boat. Edited July 21, 2019 by 13177

[Lotr]

Always like this when they announced a cut of coe quota and a slight dropped in coe price, people would rush to the showroom to see look or even book a car de. Then next round coe confirmed will increase and ADs would inject fear to customers that coe would continue to increase, so faster book a car now or top up to avoid missing the boat.

[Harthen]

Cat A 29.5k

Cat B 41.8k

 

Lol...

[Vinceng]

It is a three week gap to the next bid, so all the more coe will go up 

 

No need to wait 3 weeks.

 

Borneo Motors is already increasing prices by $3,000 on Monday, 22 July.

[Terence2112]

No need to wait 3 weeks.

 

Borneo Motors is already increasing prices by $3,000 on Monday, 22 July.

How u know? For both their CAT A and B cars?

[Lotr]

No need to wait 3 weeks.

 

Borneo Motors is already increasing prices by $3,000 on Monday, 22 July.

VW and Skoda also raised the price of some of their cat B cars by up to 9k.

[awhtc]

The car dealers are so fast in raising prices.

[Lotr]

The car dealers are so fast in raising prices.

Need to raise price to maintain profit margins, how to wait?

 

Pass the cost when coe rise.

Keep the savings when coe drop.

Edited July 21, 2019 by Lotr

[culp]

Need to raise price to maintain profit margins, how to wait?

 

Pass the cost when coe rise.

Keep the savings when coe drop.

Yup loh. Just checked VM, mostly increase 5500 for cat B Cars.

[13177]

No need to wait 3 weeks.

 

Borneo Motors is already increasing prices by $3,000 on Monday, 22 July.

You have inside news? Looks like most ADs business should be very good over the weekends that they need to increase price to profit more?    If price going to increase so much, maybe it would deter people from buying lo. 

[RogerNg_185295]

Always like this when they announced a cut of coe quota and a slight dropped in coe price, people would rush to the showroom to see look or even book a car de. Then next round coe confirmed will increase and ADs would inject fear to customers that coe would continue to increase, so faster book a car now or top up to avoid missing the boat. ð

 

Esp when next round coe is 3 weeks away and with the dropped of cat A coe this round, surely price will up at least 2-3k. But guess subsequent coe should come down and stable around 27k due to economic no good.

It's just state media hyping things up, striking fear and making buy do irrational things. Seen it too many times.