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

[Skyline6]

See how much loss (minus from profit) dealers are willingly to take... Show just begun..

Edited July 8, 2020 by Skyline6

[yishunite]

1 minute ago, Skyline6 said:

See how much loss dealers are willingly to take... Show just begun..

Wrong. Their margin only shrink... COE have to rise above $50k for any of them to truly make loss

[Jtbc]

2 minutes ago, yishunite said:

Moto hit $7k. Cat A and B both reach last rd price already 

KBW really do homework

too many ppl buy cars. exceed quota by more than  2X.

[zipping]

[yishunite]

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

What recession??? 

[BabyBlade]

12 minutes ago, 13177 said:

It is the first time i see motorcycle coe price so high?

Not the highest haha. Highest was $8,081 I think way back in 2017. Correct me if I'm wrong.

[Vlsc]

19 minutes ago, keane1234 said:

Lowest successful bid

ok noted. thank u. 

[Mrlancergtx]

Last 3 minutes of frenzy!

[yishunite]

5 minutes ago, BabyBlade said:

Not the highest haha. Highest was $8,081 I think way back in 2017. Correct me if I'm wrong.

$8451 Feb 18

[Mockngbrd]

HUAT AH!!!! Ok la, lower den I expected. I guess demand not THAT great afterall. Next few months will be interesting. 

Edited July 8, 2020 by Mockngbrd

[yishunite]

1 minute ago, Mockngbrd said:

HUAT AH!!!! Ok la, lower den I expected. I guess demand not THAT great afterall. Next few months will be interesting. 

U thot can reach Jan $38k levels? 😄

[Wildfaye29]

Wahahaha

Where the $2 ah?

[Skyline6]

Just now, Wildfaye29 said:

Wahahaha

Where the $2 ah?

LOST in jungle

[Roh96]

1 minute ago, Mockngbrd said:

HUAT AH!!!! Ok la, lower den I expected. I guess demand not THAT great afterall. Next few months will be interesting. 

Same thinking. 3 months gap and it didn't shoot thru the roof. It shows the demand not strong.

[yishunite]

1 minute ago, Wildfaye29 said:

Wahahaha

Where the $2 ah?

ATM uncle also still looking

[Mockngbrd]

1 minute ago, yishunite said:

U thot can reach Jan $38k levels? 😄

I thot 40-50k. 

[Dilemma]

Just now, Roh96 said:

Same thinking. 3 months gap and it didn't shoot thru the roof. It shows the demand not strong.

Dealers can't be bidding 40-50k when their margin isn't that high. So demand is still there just that they do not have so much margin to play with.

[Jtbc]

wow, fierce ah this time round.

didnt expect the demand is so high.

 

Edited July 8, 2020 by Jtbc