Jamesc Hypersonic August 21, 2019 Share August 21, 2019 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. ↡ Advertisement Link to post Share on other sites More sharing options...
13177 Supersonic August 21, 2019 Share August 21, 2019 (edited) 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 August 21, 2019 by 13177 Link to post Share on other sites More sharing options...
Ho2786 4th Gear August 21, 2019 Share August 21, 2019 (edited) 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. 30000 new citizens each year take bus and MRT ? Panic bidding starts. for info, all my inner circle bought new cars this year. Edited August 21, 2019 by Ho2786 Link to post Share on other sites More sharing options...
13177 Supersonic August 21, 2019 Share August 21, 2019 Demand for Cat A in today bidding confirmed strong. Others categories still quite weak. Link to post Share on other sites More sharing options...
JQ01 3rd Gear August 21, 2019 Share August 21, 2019 Still not too late for my guess: Cat. A: $33K Cat. B: $40K Link to post Share on other sites More sharing options...
SfanCO 1st Gear August 21, 2019 Share August 21, 2019 769 bid received with 1.5hr to go.... signal for Cat A seems pretty strong Link to post Share on other sites More sharing options...
13177 Supersonic August 21, 2019 Share August 21, 2019 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? Link to post Share on other sites More sharing options...
awhtc 6th Gear August 21, 2019 Share August 21, 2019 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. Link to post Share on other sites More sharing options...
13177 Supersonic August 21, 2019 Share August 21, 2019 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? Link to post Share on other sites More sharing options...
Old-driver 5th Gear August 21, 2019 Share August 21, 2019 The ADs ain't putting their bids yet. Not going to showhand so early 1 Link to post Share on other sites More sharing options...
UncleLabbit 1st Gear August 21, 2019 Share August 21, 2019 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. Link to post Share on other sites More sharing options...
sp1d3rMan77 1st Gear August 21, 2019 Share August 21, 2019 can individual go and bid? try luck on $1 dollar COE? Link to post Share on other sites More sharing options...
subzero17 2nd Gear August 21, 2019 Share August 21, 2019 Cat A: 32.2k Cat B: 41k My predictions are in. I think my predictions will be totally off hahahahaha Link to post Share on other sites More sharing options...
patent Clutched August 21, 2019 Share August 21, 2019 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 Link to post Share on other sites More sharing options...
Jwee85 5th Gear August 21, 2019 Share August 21, 2019 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 Link to post Share on other sites More sharing options...
13177 Supersonic August 21, 2019 Share August 21, 2019 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? Link to post Share on other sites More sharing options...
subzero17 2nd Gear August 21, 2019 Share August 21, 2019 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. Link to post Share on other sites More sharing options...
13177 Supersonic August 21, 2019 Share August 21, 2019 (edited) 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 August 21, 2019 by 13177 ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
COE Bidding - March 2024
COE Bidding - March 2024
Cars at Expo - Apr 2024
Cars at Expo - Apr 2024
Used Car Dealers Feedback (Part 2)!
Used Car Dealers Feedback (Part 2)!
Xiaomi EV is Coming
Xiaomi EV is Coming
Best way to sell car (aka highest price)
Best way to sell car (aka highest price)
2024 COE trend..
2024 COE trend..
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population
2019 Hyundai Avante (Elantra Facelift)
2019 Hyundai Avante (Elantra Facelift)