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COE Bidding – 2nd Round of July 2019

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Many people will rush to the car showroom to book their new car before the next COE bidding.

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Many people will rush to the car showroom to book their new car before the next COE bidding.

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.

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Posted (edited)

Google translation of the Ch8 report (hope it is not cancerous...)

 

The first weekend after the government announced the reduction of the quota for car ownership, many car dealers reappeared. Potential buyers are worried that the price of car licenses will continue to rise, and they will enter the market, so that the performance of car dealers will increase by at least 20% than usual. However, due to factors such as uncertain economic prospects, the interviewed scholars expect that this purchase is only temporary and will not last long. As the rate of car killing decreased, the quota for car licenses decreased in the next three months, and the small and medium-sized car group saw the largest decrease. The showroom of the Japanese car dealership has been crowded since noon. Some parallel importers in the Auto City also welcomed many customers. One person said: "Look at it, you don't have to say that you must buy it." Another citizen said: "If you rise again, you may be afraid of missing a good opportunity." ADVERTISING inRead invented by Teads Parallel import car dealership Li Dongquan, head of the exhibition hall, said: "30% of them are still waiting to see and understand the market trends. But 70% of them are basically consulting, so they are real potential buyers." Some scholars pointed out that because of China Economic growth continues to slow, and consumers may be more cautious next. Wang Xuehe, assistant professor of information and communication technology at Xingong University, said: "Like the stock market or the trend of the entire economic market, if it is relatively low, maybe everyone will not be anxious to buy a car. Plus the bus system is more convenient, for private cars. The demand may not be as big.” Some industry players also pointed out that since the next round of bidding activities is in three weeks instead of the usual two weeks, potential buyers have more time to shop around, and car dealers are also expected. Accumulate more orders. It is expected to push up the next round of price.

 

Original version:

 

政府宣布削减拥车证配额后的首个周末,不少车行人潮再现。潜在买家担心拥车证价格继续上扬,而纷纷进场,让车商业绩比平日增加至少两成。但受经济前景不明朗等因素影响,受访学者预计,这股买气只是暂时性的,不会持续太久。

因杀车率降低,导致接下来三个月拥车证配额减少,当中又以中小型车组的减幅最大。这家日本汽车代理商的展示厅,自中午便开始出现人潮。汽车城的一些平行进口商,也迎来不少顾客。

一名民众表示:“不妨来看一看,不一定说看了一定要买。”

另一名民众表示:“又再涨的话,可能怕错失良机。”

 
ADVERTISING
 

平行进口车行汽车城展示厅组长李东全表示:“30%有些他们还在观望,还要再 了解市场的趋势。可是70%他们基本上是咨询好了,所以是真实的潜在买家。”

有学者指出,由于我国经济增长持续放缓,消费者接下来可能持较谨慎态度。

新工大信息通讯科技助理教授王雪鹤表示:“像股市或者像整个经济市场的走向,如果都比较低迷,可能大家都不会比较着急去买车。加上公交系统越来越方便,对于私家车的需求量可能就会没有那么大。”

也有业者指出,由于下一轮投标活动是在三星期,而不是一般的两个星期后,因此潜在买家有更多时间货比三家,车商也有望累积更多订单。预计将推高下一轮成价。

Edited by Lotr

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Posted (edited)

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 by 13177

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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.

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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.

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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?

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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.

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The car dealers are so fast in raising prices.

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Posted (edited)

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 by Lotr

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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.

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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?  [rolleyes]  If price going to increase so much, maybe it would deter people from buying lo. 

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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.

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No need to wait 3 weeks.

 

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

Hahahhahahah

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

WOWWWWWo!!! I know VW and skoda boss!!!!! Pm me for special!!!

The car dealers are so fast in raising prices.

In whole planet earth, singapore is only country car u may be able to drive free!!!!! Buy $100k and sell $100k one year or 2 years later!!!!

 

Boat is sailing!!!! Buy now or say Bye bye LOL hahahahahah

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