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COE Bidding – 1st Round of August 2019

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I think it will go up in Aug. All the unfulfilled orders in the past few biddings + all the new orders to be fulfilled in these 3 weeks. Sep will stay up then maybe Oct will go down. But rmb, quota decrease in 2020.

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I will say till Dec 2019 will drop for all CATs.

 

More buyers are buying renewed COE cars, there are a lot of attractive models reaching 10years and they are just too attractive, cost effective and worth bang for buck..

Likely for quota to drop further in Nov-Jan.

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Any new model launches? Later MSM will say COE up because of these

The biggest model launch was Avante last year, this is the best seller across all segments for some time. Zero effect on COE. Newspaper car writers are morons.

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Posted (edited)

Went to few showrooms this Saturday afternoon. Very quiet including Borneo motors. Showrooms only got SE and 1-2 families viewing cars. No need to wait for test drive at any showroom. (Not sure about Mazda, didnt go)

 

Seems COE will go up this round given 3 weeks and quota reduced but eventually it will be down in coming rounds due to low demand. If Major AD quiet like this on weekends then coe cant keep going up.

 

Maybe This year CAT-A will remain between 20-30K and CAT-B 30-35K

Not many people at showroom on this last weekend before coe bidding on wed? Maybe most ADs already increased their car price, thats why doesnt attract many customers? Edited by 13177

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COE should be going up. I guess 29k this bid and above 30K for 3mth.

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Not many people at showroom on this last weekend before coe bidding on wed? Maybe most ADs already increased their car price, thats why doesnt attract many customers?

 

Yeah, I noticed most ADs increased their prices for this weekend. They must have clocked in sufficient orders to spread out over the next 1-2 bids in the past 2 weekends since the 2nd July COE bid, at least more than the quota for this Wed, thus can afford to increase price.

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Not many people at showroom on this last weekend before coe bidding on wed? Maybe most ADs already increased their car price, thats why doesnt attract many customers?

 

Could be the reason if few AD has increased last weekend price before bidding. But it seems coe will come back to recent low level  after 2-3 rounds . its happening same trend since last year. So buyer may be waiting for that drop again before jumping in. Now SE fear tactics no more working if buyer is aware about recent trend of up-down after every 2-3 rounds.

 

On a side note where some AD have increased their price, Borneo is giving Altis free upgrade from standard to elegance model. 

 

Demand is weak, lets see how reduced quota impact the trend in next few rounds. 

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Any new model launches? Later MSM will say COE up because of these

 

New Model is Mazda 3, but i did'nt go to Mazda showroom. Not sure how was the crowd there 

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I am the oracle. Let me tell u, my bros, COE this wed will be as follows:

 

Cat A: 29,000

Cat B: 42,000

 

 

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COE sure go up this round. Because we had 2 good weeks of sales before the string of bad news last week.

 

last week trump at it again, HK impossible situation and China economy struggling...

 

Cat a and b 30k and 43k and then should be hard to go up already looking at all the shitty news over the past week. Once again, just look at Singapore stock market for a good indication

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Mazda high tech, more modern, and Altis out of fashion but reliable and easier to maintain.

Altis give unlimited 5 year warranty, Mazda can be 5year with limited 140k Milege.

Altis spacious than Mazda.

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Went to few showrooms this Saturday afternoon. Very quiet including Borneo motors. Showrooms only got SE and 1-2 families viewing cars. No need to wait for test drive at any showroom. (Not sure about Mazda, didnt go)

 

Seems COE will go up this round given 3 weeks and quota reduced but eventually it will be down in coming rounds due to low demand. If Major AD quiet like this on weekends then coe cant keep going up.

 

Maybe This year CAT-A will remain between 20-30K and CAT-B 30-35K

Good update.......

Yeah, I noticed most ADs increased their prices for this weekend. They must have clocked in sufficient orders to spread out over the next 1-2 bids in the past 2 weekends since the 2nd July COE bid, at least more than the quota for this Wed, thus can afford to increase price.

Exactly!!.......

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Posted (edited)

Went to few showrooms this Saturday afternoon. Very quiet including Borneo motors. Showrooms only got SE and 1-2 families viewing cars. No need to wait for test drive at any showroom. (Not sure about Mazda, didnt go)

 

Seems COE will go up this round given 3 weeks and quota reduced but eventually it will be down in coming rounds due to low demand. If Major AD quiet like this on weekends then coe cant keep going up.

 

Maybe This year CAT-A will remain between 20-30K and CAT-B 30-35K

 

If the economy worsens due to worsening trade war, i would  project the following, before the end of this year:

 

Cat A = 20k - 25k

Cat B = 25k - 30k

Edited by Nav14
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Posted (edited)

Went to Mazda showroom on Saturday around 2pm.

Not crowded at all. Estimated about 4 groups of look-look-see-see customers.

 

The Mazda3 Astina(top of the range) specs is really good at $107k.

Got everything a typical car buyer wants in a modern car.

The dashboard is classy and looks high SES.

Sunroof, 18" rims, 360Camera, keyless, high end Bose system, lanes keep, active cruise brake, etc.

 

If only it has the pointed star or propeller blade logo on the front, that would be PERFECT car at the right budget for me.

Edited by Jwee85

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Went to Mazda showroom on Saturday around 2pm.

Not crowded at all. Estimated about 4 groups of look-look-see-see customers.

 

The Mazda3 Astina(top of the range) specs is really good at $107k.

Got everything a typical car buyer wants in a modern car.

The dashboard is classy and looks high SES.

Sunroof, 18" rims, 360Camera, keyless, high end Bose system, lanes keep, active cruise brake, etc.

 

If only it has the pointed star or propeller blade logo on the front, that would be PERFECT car at the right budget for me.

I guess after this wed coe bidding, the showroom will be even more quiet due to coe increased.  [laugh]

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Should be up for both Cat A and B ba. Not because I already got my COE. It’s because quota reduced and 3 weeks instead of the usual 2 weeks. And lots of fear mongering happening.

 

Agreed. 2 more days let's see.

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If only it has the pointed star or propeller blade logo on the front, that would be PERFECT car at the right budget for me.

 

what brand huh?

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I guess after this wed coe bidding, the showroom will be even more quiet due to coe increased. [laugh]

AD already increased prices last week.

If coe goes up, AD can offer discounts again.

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If govt wants the coe to go up for more $$, just need to relax the official loan requirement and you will see coe rocket.

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AD already increased prices last week.

If coe goes up, AD can offer discounts again.

Must be business very good until they increased price last week liao?!

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Must remember bros, National Day coming they gonna spend a lot on fireworks. Need COE increase to earn back

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Went to Mazda showroom on Saturday around 2pm.

Not crowded at all. Estimated about 4 groups of look-look-see-see customers.

 

The Mazda3 Astina(top of the range) specs is really good at $107k.

Got everything a typical car buyer wants in a modern car.

The dashboard is classy and looks high SES.

Sunroof, 18" rims, 360Camera, keyless, high end Bose system, lanes keep, active cruise brake, etc.

 

If only it has the pointed star or propeller blade logo on the front, that would be PERFECT car at the right budget for me.

Bro,  you could strip away all the added functionality and tech in the car, 

 

Slap a proper badge at it, price it at $100k and it will the perfect car for alot of Singaporeans  [:p] 

 

Was pretty crowded on Friday evening if I recall correctly though. 

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My bet is...

Cat A $29.8k

Cat B $43.5k

 

:)

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My guess is Cat A: $31k and Cat B: $42k.

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My guess is

Cat. A: $30K

Cat. B: $40K

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