COE Bidding – 1st & 2nd Round of July 2020

[Mockngbrd]

Just now, bluecorals said:

Enough of this blatant profiteering off our backs. Please do consider your options very carefully when going to the polls this Fri. 

Go away la

[Rtth84]

2 minutes ago, yishunite said:

But there was a stack of bids ard $25k range... everyone had to revise their bids once

Where can we see this set of data?

[13177]

16 minutes ago, yishunite said:

Haha all categories broke previous round price (even goods veh)

What recession??? 

Broke previous record not a lot also, guess the demand still not very strong. I thought it will hit at least near $40k?! Lol.

[Old-driver]

After 3 months can only muster a 10% increase? 

The next one will be flat or down and after that the price everyone is waiting will come 

 

 

[Jamesc]

When consider 3 months back log then the increase is negligible.

If no suspension then I think it would have gone down a lot.

Give it a couple of months to clear the CB orders then we can see a significant fall.

[BabyBlade]

18 minutes ago, Wildfaye29 said:

Wahahaha

Where the $2 ah?

I wasn't voted in.

[Old-driver]

21 minutes ago, Wildfaye29 said:

Wahahaha

Where the $2 ah?

$2k i go in liao. I not tam sim.

 

 

[Fitmugen]

Most cars sold during CB and last 3 weeks were priced with COE of around $25k in mind. Assuming most contracts are 4-bid non guaranteed, expect the dealers to eat into their margins a little and bid at about $28k. That should form the floor for the next 2-3 months until the orders are all fulfilled. Buyers who are willing to top up $3-$5k above the signed price should get their cars earlier.

[Lotr]

17 minutes ago, Mockngbrd said:

Where got fierce. This is weak. 

Quite true, after 3 months of no bidding and a 1/6 increase in coe, the prices  only increased 3-5k

[Colin03]

The increase do not look good enough.

Expectation is above 5K therefore the down trend should be coming soon. After 2 coe bidding perhaps

[Rtth84]

15 minutes ago, Lotr said:

Quite true, after 3 months of no bidding and a 1/6 increase in coe, the prices  only increased 3-5k

Fierce demand. Look at the bids

[keane1234]

LTA did their homework for the COE not to crash.

[Mkl22]

1 hour ago, new_user1988 said:

If hit 40k i will chop my didi

saved.... hahah... still a man.😁

[Lotr]

7 minutes ago, Rtth84 said:

Fierce demand. Look at the bids

Fierce demand but at what price?

[theory_87]

26 minutes ago, Fitmugen said:

Most cars sold during CB and last 3 weeks were priced with COE of around $25k in mind. Assuming most contracts are 4-bid non guaranteed, expect the dealers to eat into their margins a little and bid at about $28k. That should form the floor for the next 2-3 months until the orders are all fulfilled. Buyers who are willing to top up $3-$5k above the signed price should get their cars earlier.

Yeah, $25k COE rebate for mine. But lucky my purchase is 6 bid guaranteed COE. Agent must be expecting the price to drop over the next few round of bidding. In fact my agent didn't even bid. Now I'm hopping the COE price will rise.  

[BMWX5]

What does $25K COE rebate mean? Does it mean they only bid at $25K?

 

[littlecar]

33 minutes ago, Fitmugen said:

Most cars sold during CB and last 3 weeks were priced with COE of around $25k in mind. Assuming most contracts are 4-bid non guaranteed, expect the dealers to eat into their margins a little and bid at about $28k. That should form the floor for the next 2-3 months until the orders are all fulfilled. Buyers who are willing to top up $3-$5k above the signed price should get their cars earlier.

My dealer bid for the Cat B COE at $39k, even though Cat B COE was $30k at the last bidding in March. This tells me that my dealer is still making a profit even if the Cat B COE is $39k (in this case, it closed at $35k). But leaving the dealer's profit margin aside, is it better for the customer if the COE closed lower or higher?

In other words, even though I paid the same price (no top up required) for the car, would it be better for me if the Cat B COE had closed at $25k or at $35k? I am guessing $35k since my paper value would be higher?

[new_user1988]

4 minutes ago, BMWX5 said:

What does $25K COE rebate mean? Does it mean they only bid at $25K?

 

Means if you manage to secure COE less than $25k, agent will rebate u accordingly. E.g COE secured is $23k, then they will rebate you $2k ($25k - $23k)