COE Bidding – 2nd Round of September 2019

[nigel8210]

market rebound?

[Lotr]

2 minutes ago, Jwee85 said:

very confident Cat.E bidders today.

Something they know that we dont?

 

Bidding status as at 18/09/2019 15:48:18 hrs
Category    Current COE Price ($)    Quota    Bids Received
A    CAR UP TO 1600CC & 97KW    24,968    1,056    1,213
B    CAR ABOVE 1600CC OR 97KW    32,305    1,044    1,188
C    GOODS VEHICLE & BUS    25,090    283    407
D    MOTORCYCLE    1    907    505
E    OPEN-ALL EXCEPT MOTORCYCLE    36,000    365    515
Source: Land Transport Authority

More demand? Or chope first for upcoming car shows?

[Lotr]

1 minute ago, nigel8210 said:

market rebound?

looks like rebound, contrary to prevailing sentiments on this thread

[Civicblade]

COE quota cut for the next 16 quarters is confirmed. The supply will keep tightening, this alone should keep COE prices stable and on the uptrend. If the US China trade war gets resolved by this year and Trump successfully engineers a stock market boom during the election campaign then be prepared for drastic upward movement of COE prices in 2020. 

Edited September 18, 2019 by Civicblade

[Jwee85]

$1 really??

Bidding status as at 18/09/2019 15:58:18 hrs
Category    Current COE Price ($)    Quota    Bids Received
A    CAR UP TO 1600CC & 97KW    31,001    1,056    1,448
B    CAR ABOVE 1600CC OR 97KW    36,905    1,044    1,389
C    GOODS VEHICLE & BUS    25,090    283    507
D    MOTORCYCLE    1    907    786
E    OPEN-ALL EXCEPT MOTORCYCLE    39,512    365    632
Source: Land Transport Authority

 

 

Bidding status as at 18/09/2019 15:58:58 hrs
Category    Current COE Price ($)    Quota    Bids Received
A    CAR UP TO 1600CC & 97KW    31,309    1,056    1,450
B    CAR ABOVE 1600CC OR 97KW    36,909    1,044    1,403
C    GOODS VEHICLE & BUS    25,201    283    513
D    MOTORCYCLE    1    907    872
E    OPEN-ALL EXCEPT MOTORCYCLE    39,712    365    632
Source: Land Transport Authority

Edited September 18, 2019 by Jwee85

[Jwee85]

don't dream $1.....its over

 

Bidding status as at 18/09/2019 15:59:38 hrs
Category    Current COE Price ($)    Quota    Bids Received
A    CAR UP TO 1600CC & 97KW    31,699    1,056    1,453
B    CAR ABOVE 1600CC OR 97KW    37,000    1,044    1,417
C    GOODS VEHICLE & BUS    25,556    283    544
D    MOTORCYCLE    3,560    907    1,156
E    OPEN-ALL EXCEPT MOTORCYCLE    40,000    365    632
Source: Land Transport Authority

[Jwee85]

Nice exact $37000 $40000

 

Bidding status as at 18/09/2019 16:00:18 hrs
Category    Current COE Price ($)    Quota    Bids Received
A    CAR UP TO 1600CC & 97KW    31,759    1,056    1,453
B    CAR ABOVE 1600CC OR 97KW    37,000    1,044    1,418
C    GOODS VEHICLE & BUS    25,556    283    544
D    MOTORCYCLE    3,601    907    1,197
E    OPEN-ALL EXCEPT MOTORCYCLE    40,000    365    632
Source: Land Transport Authority

[sp1d3rMan77]

Cat A drop a little

[sp1d3rMan77]

Bidding status as at 18/09/2019 16:02:18 hrs

Category		Current COE Price ($)	Quota	Bids Received
A	CAR UP TO 1600CC & 97KW	31,759	1,056	1,453
B	CAR ABOVE 1600CC OR 97KW	37,000	1,044	1,418
C	GOODS VEHICLE & BUS	25,556	283	544
D	MOTORCYCLE	3,601	907	1,197
E	OPEN-ALL EXCEPT MOTORCYCLE	40,000	365	632

[Old-driver]

Just now, sp1d3rMan77 said:

Cat A drop a little

$24 considered drop? lol

[LinusLoh_1967]

Wah...how come Cat E so fierce?

[sp1d3rMan77]

1 minute ago, Old-driver said:

$24 considered drop? lol

$24 not consider a drop?

[Lotr]

Cat A demand dropped by 203bids from last bidding exercise but price remains at $31.7k

Cat B demand increased by 123bids and price increase by $999

[Lotr]

2 minutes ago, LinusLoh_1967 said:

Wah...how come Cat E so fierce?

Suspect ADs chope first for upcoming Cars@Expo normally around Oct

Edited September 18, 2019 by Lotr

[Old-driver]

1 minute ago, sp1d3rMan77 said:

$24 not consider a drop?

you're not wrong of course. 

but flat would be a better description... as $24 out of $31k.

 

 

[Dilemma]

  5 minutes ago, Old-driver said:

$24 considered drop? lol

Drop $1 also considered as drop.

Edited September 18, 2019 by Dilemma

[Civicblade]

7 minutes ago, LinusLoh_1967 said:

Wah...how come Cat E so fierce?

This means dealers are very bullish about demand and with the pending COE quota cut after 2nd round of COE bidding results in October, supply will further shrink in Nov/Dec/Jan quarter. This coincide with pre-CNY delivery of cars so dealers are rushing in to take advantage of the low COE prices right now (due to fears of further deteriorating economic conditions). I would say dealers who got Cat E COE this round are shrewd business people. 

40% over-subscribed for CAT A and CAT B and almost 100$ over-subscribed for CAT E. Demand seemed strong. 

Edited September 18, 2019 by Civicblade

[sp1d3rMan77]

1 minute ago, Old-driver said:

you're not wrong of course. 

but flat would be a better description... as $24 out of $31k.

 

 

Hmm, yes. you are right in this. it is too small to see in 31K,