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COE Bidding – 2nd Round of August 2019


Carbon82
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i got mine this round!

Congrats. Are you the one who bought a PI car?

Yup. AD bidded reserve price around $33K  [sweatdrop]

Which AD? Congrats to you too.

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This just proved that demand is 'weak' and 'artificially' drummed up by rumors and buyers wrongly trusting the confidence smooth talking tricksters in the trade??

 

 

Ya fearmongering..

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I believe many should got their coe in today bidding?!

 

Seems like the demand not v strong.

 

Next 1 or 2 round should continue to weaken slightly.

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Since most have gotten their COEs, next bidding....

Dealers will drop price a bit, all will rush in to buy car, COE price up, repeat the same cycle. Edited by Ct3833
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IS your AD bid and pay 33K instead 31k COE?

 

I doubt they pay the reserve price. Most likely the actual final COE price. Not very sure on COE mechanics.. as long as I get it  :D

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I doubt they pay the reserve price. Most likely the actual final COE price. Not very sure on COE mechanics.. as long as I get it :D

They pay the lowest accepted price which is 31k.

 

The reserve price is there as the maximum that your AD is willing to pay to secure your coe.

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Dealers will drop price a bit, all will rush in to buy car, COE price up, repeat the same cycle.

Agreed, coe must drop a bit this round to attract people to go showroom to see look.

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