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COE Bidding – 2nd Round of August 2019


Carbon82
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you are making assumption the demand is mostly from car owners with expiring coe.

 

is this true? not sure.

Demand from existing car owners who renew COE and scrap and buy new and also first time new car buyers.

 

:D

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Was lucky that I got mine in 2nd bid at first July round for 6 non guaranteed. I guess some AD is more efficient than others. They manipulate profit ratios by their selling price, coe level, waiting time, and certainty.

Before the coe quota cut, think not difficult to secure coe. But after the coe cut, you see the coe price become so uncertain. And coe bid for Cat A seems quite weak few months back, but now the demand become so strong after the coe cut? Lol.

Edited by 13177
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If people renew COE and that causes new COE to be halved next year then demand is also halved next year.

 

Nett nett is the same right?

 

I think it's even better.

 

The people that renew will not bid aggressively as they already have a car.

 

The 50% left are the marginal buyers.

 

Can buy or don't buy so will not bid aggressively.

 

:D

 

30000 new citizens each year take bus and MRT ?

Panic bidding starts.

 

for info, all my inner circle bought new cars this year.

Edited by Ho2786
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Bids for Cat A already near 800 bids, think those big ADs still havent come in to place their bid yet?! Wonder how much will Cat A go up this time?

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Car dealers could be spooked by the earlier COE bidding when there were last minute bids that pushed up the Cat A prices. They might be under pressure to secure those guaranteed bids so they came in earlier.

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Car dealers could be spooked by the earlier COE bidding when there were last minute bids that pushed up the Cat A prices. They might be under pressure to secure those guaranteed bids so they came in earlier.

I believe ADs usually dont come in so early de, they should come in around 3.30pm. So if so many bids already placed now, wonder who are those bids are from?

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I believe ADs usually dont come in so early de, they should come in around 3.30pm. So if so many bids already placed now, wonder who are those bids are from?

Individual solo bidders maybe.
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havent put in bids already 800+ bids received

 

Cat A COE uppp uppppp!!! :(

 

The ADs ain't putting their bids yet. Not going to showhand so early  [;)]

 

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I believe today the COE will stay same level for cars and lorries.

 

But looking at the strong Motorcycle bids already in.

I guess Motorcycle Cat.D will hit $5,000++ today.

 

Recently many PMD kena summon for illegal this and that rules, so I am guessing more  will be buying motorcycle to do grabfood delivery.

 

idding status as at 21/08/2019 14:54:07 hrs
Category Current COE Price ($) Quota Bids Received
A CAR UP TO 1600CC & 97KW 1 1,062 841
B CAR ABOVE 1600CC OR 97KW 1 1,045 431
C GOODS VEHICLE & BUS 1 283 118
D MOTORCYCLE 1 742 637
E OPEN-ALL EXCEPT MOTORCYCLE 1 363 136
Source: Land Transport Authority
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havent put in bids already 800+ bids received

 

Cat A COE uppp uppppp!!! :(

Noticed today bidding action havent start yet, think last round coe action already started before 3pm. So Cat A might not up too much?

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Noticed today bidding action havent start yet, think last round coe action already started before 3pm. So Cat A might not up too much?

I agree. Last round, 2:45pm almost break the previous round of bidding already. Don't think we will see any action until 3.30pm. But it might come hot and fast already. Think everyone will be more alert this time.

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I believe today the COE will stay same level for cars and lorries.

 

But looking at the strong Motorcycle bids already in.

I guess Motorcycle Cat.D will hit $5,000++ today.

 

Recently many PMD kena summon for illegal this and that rules, so I am guessing more  will be buying motorcycle to do grabfood delivery.

 

idding status as at 21/08/2019 14:54:07 hrs
Category Current COE Price ($) Quota Bids Received
A CAR UP TO 1600CC & 97KW 1 1,062 841
B CAR ABOVE 1600CC OR 97KW 1 1,045 431
C GOODS VEHICLE & BUS 1 283 118
D MOTORCYCLE 1 742 637
E OPEN-ALL EXCEPT MOTORCYCLE 1 363 136
Source: Land Transport Authority

 

First time see motorcycle cat demand started so early. Usually motorcycle cat is the last one who start action de. Think eggs to break for Cat A and D should start before 3.30pm.

Edited by 13177
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