COE Bidding – 1st Round of August 2019

[nigel8210]

action starts now

[13177]

Cat A an increase of at least $5k!

[Jwee85]

May 1st round Cat.A was $36k. That was the high point.

 

Today is still cheap lah.

[Terence2112]

The bidding is not as bad as I thought it was.

[ferrytales]

Will be interesting the next round if the number of unsuccessful cat A bids are more than the quota available next round.

 

Up up up, who wins? Government wins.

[Tannl]

The bidding is not as bad as I thought it was.

Yup. Didn't even break 36k

[Jwee85]

seems weak....

Yup. Didn't even break 36k

[13177]

Yup. Didn't even break 36k ð

But if you compared with last round coe price, it increased a lot liao. Lol.

[Daniu82]

Ya lor, increased 6k for Cat A leh. 

 

But if you compared with last round coe price, it increased a lot liao. Lol.

 

[13177]

Ya lor, increased 6k for Cat A leh.

Cat A increased a lot, closed at near $33k! Edited August 7, 2019 by 13177

[bamf]

Government says “$102,421,606 tax collected, kaching, thank you everyone”

 

Those didn’t get this round or not yet buy car, don’t worry, next round sure drop back... economy and stock market like crap after trump went crazy again

[ferrytales]

aiyo..33k for cat A, i thought 40k for cat A. 

[Twich]

But if you compared with last round coe price, it increased a lot liao. Lol.

Don't worry. Trump will serve 4 more years.

Now, currency war...A lot of big show is coming..

[LinusLoh_1967]

Looks rather weak to me.

But still the dealers will increase price this week

Have to squeeze all the FOMO potential buyers as much as possible...

Unlikely those in MCF la, here the ppl too knowledgeable  haha.

 

Quite certain COE should drop...but since less new car COEs for ADs (they have to increase their profits right?), prices may not drop much

[Jwee85]

Hope those who didnt get today, will not panic and fall into the TOP-UP game offered by the AD.

 

From the first page statistics, Every highs always follows by five rounds of lows!

[Prataboy]

aiyo..33k for cat A, i thought 40k for cat A. 

 

There are ~1000 unfulfilled bids, which is almost the quota for the next bid.

 

Since COE bidding is not performed by individuals, but the dealers, I suspect they didn't want to be too aggressive with their bids today. Quite sure they already secured bookings more than this current quota, which they can spread out over the next few bids.

 

The $6K increase this time round can be used to increase the price some more. FOMO buyers will still buy, as "COE will rise some more" in the next few bids. And there might be some buyers who might be asked to "top up" to guaranteed bids?

 

So expect gradual increases of ~$4K for CAT A in the next few COE bids.

Edited August 7, 2019 by Prataboy

[13177]

Wonder how many who booked their cars secure coe in this round?

[Akari_ph]

Got mine..