COE Bidding – 2nd Round of August 2019

[Tannl]

 

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

Think the regulations for pmd is kicking in soon. 1 sep iirc

[13177]

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.

Due to freak increased of $6k in Cat A last round, ADs should be more caution and alert in this round, since many ADs did not secure many coe for their customers in last round coe bidding. Maybe they would try not to push up the Cat A a lot until another $6k increased today. Could be the most $2-3k increased in Cat A?.

 

 

Edited August 21, 2019 by 13177

[ferrytales]

Due to freak increased of $6k in Cat A last round, ADs should be more caution and alert in this round, since many ADs did not secure many coe for their customers in last round coe bidding. Maybe they would try not to push up the Cat A a lot until another $6k increased today. Could be the most $2-3k increased in Cat A?

 

probably wont be a crazy increase and most ADs will hope for coe demand/price to stabilize after a few rounds. 

[13177]

probably wont be a crazy increase and most ADs will hope for coe demand/price to stabilize after a few rounds. 

True, ADs also dont want coe increased so much, they would lose business also de.

 

Think Cat A breaking egg soon, bids already at 900+. Should break egg before 3.15pm.

[subzero17]

Due to freak increased of $6k in Cat A last round, ADs should be more caution and alert in this round, since many ADs did not secure many coe for their customers in last round coe bidding. Maybe they would try not to push up the Cat A a lot until another $6k increased today. Could be the most $2-3k increased in Cat A?

What I can say certain is that the missed bids last round, today will confirm try to push. AD will be able to weather up to 3-4k. I think they rather move stock than hold it.

Okay boys, the egg is breaking in the next 5 mins. Lai lai let's go.

[13177]

What I can say certain is that the missed bids last round, today will confirm try to push. AD will be able to weather up to 3-4k. I think they rather move stock than hold it.

Depends on AD lo. Lets say if today Cat A closed at $34k, which is an increased of $2k from previous bidding, consider not a lot la. But if compared with $34k with July last round coe at $26k, then it would be consider a crazy increased of $8k. So if customers signed and booked at $26k coe car package, then i dont know if AD will secure coe for them? Lol.

Edited August 21, 2019 by 13177

[sp1d3rMan77]

Bidding will end on 21/08/2019 16:00:00 hrs

Bidding status as at 21/08/2019 15:15:27 hrs

Category

Current COE Price ($)

Quota

Bids Received

A

CAR UP TO 1600CC & 97KW

23,700

1,062

1,096

B

CAR ABOVE 1600CC OR 97KW

1

1,045

605

C

GOODS VEHICLE & BUS

1

283

145

D

MOTORCYCLE

1

742

637

E

OPEN-ALL EXCEPT MOTORCYCLE

1

363

148

Source: Land Transport Authority

 

egg crack! 15: 15

[subzero17]

Depends on AD lo. Lets say if today Cat A closed at $34k, which is an increased of $2k from previous bidding, consider not a lot la. But if compared with $34k with July last round coe at $26k, then it would be consider a crazy increased of $8k. So if customers signed and booked at $26k coe car package, then i dont know if AD will secure coe for them? Lol.

I'm thinking of not just the last round but given the number of bids in the last round, prob quite a lot of customers are on 3rd or 4th bid out of 6 bids, the pressure will be coming to secure those first. I'm not an expert so let's just see.

[13177]

Cat A break egg liao! $23k! Consider started quite high amount! So today bidding confirmed will closed at $30k + level for Cat A!

[sp1d3rMan77]

$25K @ 15:19.. looks like will hit 33K

[Jwee85]

Looks like a tame opening.

 

Bidding status as at 21/08/2019 15:20:07 hrs

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 25,000 1,062 1,233

B CAR ABOVE 1600CC OR 97KW 1 1,045 624

C GOODS VEHICLE & BUS 1 283 163

D MOTORCYCLE 1 742 639

E OPEN-ALL EXCEPT MOTORCYCLE 1 363 148

[13177]

$25K @ 15:19.. looks like will hit 33K

Only at 3.20pm already at $25k! Confirmed and guaranteed chopped will closed at $30k range. Cat A no more $20k range level liao.

[Mann123]

Depends on AD lo. Lets say if today Cat A closed at $34k, which is an increased of $2k from previous bidding, consider not a lot la. But if compared with $34k with July last round coe at $26k, then it would be consider a crazy increased of $8k. So if customers signed and booked at $26k coe car package, then i dont know if AD will secure coe for them? Lol.

 

Previous months booking at lower COE is holding big ADs from bidding aggressively. Otherwise we can see quota reduction is showing clearly pressure on ADs but they cant bid too much to get eaten their profit considering their volume sale 

 

Once the lower price backlog will be cleared and new prices will be in market then we will see fierce bidding by big ADs

 

Now showrooms ghost town, but once Sinkies will know its going up only then who know showrooms will be packed again after all sinkies love buying when things going up , car, property etc 

[subzero17]

All along keep talking about Cat A, Cat B never even move yet

[LinusLoh_1967]

Cat A like quite fierce...

Cat B like quite dead...

[13177]

Previous months booking at lower COE is holding big ADs from bidding aggressively. Otherwise we can see quota reduction is showing clearly pressure on ADs but they cant bid too much to get eaten their profit considering their volume sale 

 

Once the lower price backlog will be cleared and new prices will be in market then we will see fierce bidding by big ADs

 

Now showrooms ghost town, but once Sinkies will know its going up only then who know showrooms will be packed again after all sinkies love buying when things going up , car, property etc 

Common to see showrooms ghost town when coe go up lo, so if this round coe still go up, showrooms will continue to be ghost town. Lol.

[ferrytales]

Depends on AD lo. Lets say if today Cat A closed at $34k, which is an increased of $2k from previous bidding, consider not a lot la. But if compared with $34k with July last round coe at $26k, then it would be consider a crazy increased of $8k. So if customers signed and booked at $26k coe car package, then i dont know if AD will secure coe for them? Lol.

 

then AD will tell them better top up xxx else wont get. end up who win, AD wins 

[13177]

Cat A like quite fierce...

Cat B like quite dead...

I wondering since when Cat A demand become so strong and Cat B become so weak?

 

Cat A now at 28k liao, around $4k more to reach previous coe amount at $32k!

then AD will tell them better top up xxx else wont get. end up who win, AD wins 

AD always wins no matter coe low or high.