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Philipkee

COE bidding - 1st and 2nd round March 2020

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Lai.  Let's discuss.  

@Carbon82might be too busy so I start a thread for both rounds of March 2020 so it's easier if he is busy. No need to start new thread every two weeks.

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Given the current condition, COE might dropped, but not by much perhaps?

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Still got mood to buy car meh? I think chance of dropping is high.

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in before up up down down up down down up...😂😂

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4 minutes ago, Roh96 said:

Still got mood to buy car meh? I think chance of dropping is high.

Last round went up a few Ks. This round will probably drop but question is by how much?

My guess is around $29K for both A and B

 

 

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4 minutes ago, Roh96 said:

Still got mood to buy car meh? I think chance of dropping is high.

I think even during recession, still have people got mood to buy car de, there is always have demand for cars no matter what happen.

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5 minutes ago, 13177 said:

I think even during recession, still have people got mood to buy car de, there is always have demand for cars no matter what happen.

I half agree.  In the sense there is still backlog.  2nd round of March might be more interesting.  Cos if people stop buying it will be from feb onwards that they stop placing orders.  Right now there is still backlog.

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Sound like no hope for a big drop this wed. =(

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15 minutes ago, Wildfaye29 said:

Up up down down up up down!

Which up or down are we at now?

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30 minutes ago, Philipkee said:

I half agree.  In the sense there is still backlog.  2nd round of March might be more interesting.  Cos if people stop buying it will be from feb onwards that they stop placing orders.  Right now there is still backlog.

Think car dealers always have backlog also, like never end de? [laugh] I never heard car dealers say they have no more backlog?! 

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Posted (edited)

those who have invested in share , their money get stuck now. Those who have spare cash are waiting to buy share. So no one will buy car lah. Hahaha 🤣

Edited by Ct3833
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10 minutes ago, 13177 said:

Think car dealers always have backlog also, like never end de? [laugh] I never heard car dealers say they have no more backlog?! 

v easy calculate... just look at unsuccessful bids each rd.

Those disreputable dealers not making bids for their buyers is another matter 😅

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when does LTA announce quota for May/Jun/Jul 2020

The Feb/Mar/Apr quota is lower than previous. less than 1000 COEs for each Cat. 

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Due to current economy climate and situation around world I believe COE price is up for correction. But given earlier round surge in bidding number already in place. below my prediction:

Cat A: $30001 +/- $1000.

Cat B: $30001 +/- $1000.

* In short I suspect we could be going towards $25000 region within 3 month.

* I just scrap my car few days ago as COE due. hopefully, i can start bargain hunting soon.

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Feb first round down $5K car price dropped $4K. Second round coe up 3K and car price increased $3K. Why liddat?

 

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19 minutes ago, Hokma8 said:

Feb first round down $5K car price dropped $4K. Second round coe up 3K and car price increased $3K. Why liddat?

 

Becoz carrothead still buy. Willing buyer willing seller

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21 minutes ago, yishunite said:

Becoz carrothead still buy. Willing buyer willing seller

So did you buy your car at the lowest possible price? 

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