COE Bidding – 2nd Round of September 2019

[Twich]

11 hours ago, awhtc said:

If there is no trade war, both Cat A and B should be $40k+ easily by now.

Don't worry. Trump will serve another 4 years.

Don't forget hot spot in Middle East.

[Twich]

11 hours ago, awhtc said:

If there is no trade war, both Cat A and B should be $40k+ easily by now.

Trump will serve 4 more years.

Don't forget the hot spot in Middle East.

[Cheefarn]

18 hours ago, Lotr said:

Hmmm, wonder when the surge will come typically?  1550, 1555, 1559?

No need to guess. 

Both Grab and Go Jek needs to buy lots of new cars to replace their crashed or abused till beyond repair ones

This is where the last min surge came from.

And rem... that 1000 Opel Insignia units for Go Jek. Alpine needs many months of aggressive bidding to fulfil those 1000 orders ah

Not possible for them to register all 1000 in one go

[Twich]

40 minutes ago, Cheefarn said:

No need to guess. 

Both Grab and Go Jek needs to buy lots of new cars to replace their crashed or abused till beyond repair ones

This is where the last min surge came from.

And rem... that 1000 Opel Insignia units for Go Jek. Alpine needs many months of aggressive bidding to fulfil those 1000 orders ah

Not possible for them to register all 1000 in one go

One main reason could be new MAS rule for car loan limit is coming soon. It will apply across the board.

Plus, demand from Mercedes A Class and BMW 3 serious.

[Lotr]

45 minutes ago, Cheefarn said:

No need to guess. 

Both Grab and Go Jek needs to buy lots of new cars to replace their crashed or abused till beyond repair ones

This is where the last min surge came from.

And rem... that 1000 Opel Insignia units for Go Jek. Alpine needs many months of aggressive bidding to fulfil those 1000 orders ah

Not possible for them to register all 1000 in one go

don't think their bidding will be aggressive, seeing the low price that they are selling insignias. 

From the newspaper reports, it sound as if PHV coys are bidding their own COEs  and if so, Alpine doesn't need to bid for those cars to be sold to Gojek.

They are registering 20~30 HBs every month, presumably Insignias

Edited September 19, 2019 by Lotr

[Fitmugen]

Seriously, world economy has little bearing on COE demand one. The rich are not affected and the 100% loan people won’t care also. COE will roughly follow 10 year cycle. Next surge to $50k will be mid 2020 onwards 

[Twich]

15 minutes ago, Fitmugen said:

Seriously, world economy has little bearing on COE demand one. The rich are not affected and the 100% loan people won’t care also. COE will roughly follow 10 year cycle. Next surge to $50k will be mid 2020 onwards 

Whenever LTA announce the COE quota, car dealers said it will surge to 70K or 90K.

So...

Don't worry. Trump will serve 4 more years. 

Do not forget the hot spot in Middle East.

It just started to bite.

Edited September 19, 2019 by Twich

[Lotr]

23 minutes ago, Twich said:

Whenever LTA announce the COE quota, car dealers said it will surge to 70K or 90K.

So...

Don't worry. Trump will serve 4 more years. 

Do not forget the hot spot in Middle East.

It just started to bite.

And in the meantime, the Fed just cut for the 2nd time in a decade as well as injected something like 100 billion in the banking system to stop the repo rates from rising to 10%, also the first time in a decade.

[Spring]

17 hours ago, intelormental said:

The AD offered me CAT E COE. 😊

Congrats! Surprised they give u Cat E as on paper its more valuable so their profit margin lesser though for u no diff as they follow the Category your new car is registered under. What car u buy?

[Twich]

2 hours ago, Fitmugen said:

Seriously, world economy has little bearing on COE demand one. The rich are not affected and the 100% loan people won’t care also. COE will roughly follow 10 year cycle. Next surge to $50k will be mid 2020 onwards 

Unless has 200K in the saving account. Otherwise, don't anyhow Chong.

[Jp66]

1 hour ago, Spring said:

Congrats! Surprised they give u Cat E as on paper its more valuable so their profit margin lesser though for u no diff as they follow the Category your new car is registered under. What car u buy?

maybe that piece of Cat E COE is expiring soon

[intelormental]

2 hours ago, Spring said:

Congrats! Surprised they give u Cat E as on paper its more valuable so their profit margin lesser though for u no diff as they follow the Category your new car is registered under. What car u buy?

Yes I was surprised too since it was a 6 bid non gtd and first round this time. Went for a Suby xv

[Tannl]

9 minutes ago, intelormental said:

Yes I was surprised too since it was a 6 bid non gtd and first round this time. Went for a Suby xv

Did they ask u to top up?

Edited September 19, 2019 by Tannl

[Jamesc]

People say COE prices so high and condo prices so high there will be no recession.

This is completely wrong.

COE and housing prices are lagging indicators of economic activity.

They are not leading indicators.

Every company I know is cutting cost but they are not cutting staff on a big level yet.

They are cutting overseas travel, training courses and entertainment first.

Only as a last resort will they cut staff and only when staff are cut on a massive level then COE will fall.

People will panic and  we will see COE will dive.

😀

[icez118]

8 hours ago, Twich said:

One main reason could be new MAS rule for car loan limit is coming soon. It will apply across the board.

Plus, demand from Mercedes A Class and BMW 3 serious.

Meaning can apply for higher loans? 

[intelormental]

18 minutes ago, Tannl said:

Did they ask u to top up?

Nope, if they had; I would have waited instead. 

[Terence2112]

2 hours ago, intelormental said:

Nope, if they had; I would have waited instead. 

I thought Subaru sells their cars with 6 bid guaranteed coe

[Spring]

3 hours ago, intelormental said:

Yes I was surprised too since it was a 6 bid non gtd and first round this time. Went for a Suby xv

Subaru XV shld be Cat B so maybe that’s why they gave an Open COE as the prices quite near. Thought u booked a Cat A car.