COE Bidding – 1st Round of January 2020

[andrewyewkc]

On 1/5/2020 at 11:02 PM, Koreancarsg said:

 

Crop your picture quick.

[RogerNg_185295]

Economy bad? The coe prices say economy is good

[Djork]

How to check if AD or PI secure the bid and how much they bidded at? Thanks.

[Wildfaye29]

Wow I totally forgot!

[Ho2786]

its about demand and supply, the first law of economics

demand is dropping I concur but supply will drop faster.

[awhtc]

36 minutes ago, 13177 said:

Cat A demand seems strong in this round coe bidding. 3.45pm already at $30k? First time see motorcycle cat break egg so early?! 

A few key reasons for the strong rebound in Cat A.

1. Economic: US-China trade war is subsiding and Singapore's PMI went above 50 in Dec 2019.
2. Supply: COE quota should be significantly reduced in 2020.
3. Demand: Several key new car models (e.g. Altis) launched recently and Chinese New Year.

[andrewyewkc]

https://www.sgcarmart.com/news/writeup.php?AID=70

Edited January 8, 2020 by andrewyewkc

[awhtc]

COE Forecast 2020: Quota cuts by 30 percent, price rises

https://www.carbuyer.com.sg/coes-in-2020-quota-cuts-by-30-percent-price-rises/

[Mustank]

😀

[13177]

1 hour ago, Djork said:

How to check if AD or PI secure the bid and how much they bidded at? Thanks.

Login here to check.

https://ocoe.lta.gov.sg

[13177]

1 hour ago, awhtc said:

A few key reasons for the strong rebound in Cat A.

1. Economic: US-China trade war is subsiding and Singapore's PMI went above 50 in Dec 2019.
2. Supply: COE quota should be significantly reduced in 2020.
3. Demand: Several key new car models (e.g. Altis) launched recently and Chinese New Year.

Altis havent officially launched yet le. Lol. Maybe many people buy car for CNY.

[andrewyewkc]

7 minutes ago, 13177 said:

Altis havent officially launched yet le. Lol. Maybe many people buy car for CNY.

Can collect car in time for CNY?

 

[Neost]

5 minutes ago, andrewyewkc said:

Can collect car in time for CNY?

 

if car already here, can

 

[andrewyewkc]

41 minutes ago, Neost said:

if car already here, can

 

Thanks!

[Ct3833]

This is mentioned many times last year when COE was at the low then, those who continue to wait would miss the boat. Now the ferry is leaving the berth,  those who continue to procrastinate will miss bigger time moving forward. Unless US and Iran issues get escalated into a war which is unlikely, with the  declining COE quota, price has only one direction to go. The only question is how much more higher it will go. Those who could remember when COE was around 70k to 80k when the quota was real dry in 2013, new cars on the road were mercedes, bmw, audi etc, japanese and korean were nowhere found. Good luck to all.

Edited January 8, 2020 by Ct3833

[Koreancarsg]

2 hours ago, 13177 said:

Altis havent officially launched yet le. Lol. Maybe many people buy car for CNY.

Why CNY must have brand new car? New or old car, still move point to point to visit friends and relatives ma 😳

Edited January 8, 2020 by Koreancarsg

[RogerNg_185295]

1 hour ago, Koreancarsg said:

Why CNY must have brand new car? New or old car, still move point to point to visit friends and relatives ma 😳

Hao lian. To show off that he or she is doing well

[13177]

1 hour ago, Koreancarsg said:

Why CNY must have brand new car? New or old car, still move point to point to visit friends and relatives ma 😳

Face value. Lol.