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


Carbon82
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9 hours ago, Ct3833 said:

Agree, if one is lucky to secure a $2 COE, it is better to buy frm a reliable PI, ADs are not hungry to sell their cars cheap to individuals  who have secured their own COE.

But thot recently quite a number of AD selling cars w/o COE? I saw mazda, sukuzi etc advert previously leh. Wonder anyone paid a deposit for car without coe already? 

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Supersonic
1 minute ago, Vlsc said:

But thot recently quite a number of AD selling cars w/o COE? I saw mazda, sukuzi etc advert previously leh. Wonder anyone paid a deposit for car without coe already? 

Lets hear from MCFers who have booked or encquired the scheme  before,  I believe it will be gimmic, go tell them u bid for $2 COE and see if they will accept one's booking.😄

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Neutral Newbie
2 hours ago, RF7 said:

I wonder how many people here are bidding for the COE in this exercise. 

I am one of those lucky one that book a car from PI before CB and got stuck in this kinda of shit.

 

According to the sales person i talk to this morning, they are anticipating for COE to rise than drop.

 

Personally, the changing car mood is no longer there and I just hope i do not need to wait for the full 4 bids to get my new ride.

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Turbocharged
3 minutes ago, new_user1988 said:

Cat A quota is 1289

Cat B quota is 1291.

 

In march, quota for both CATs is 900+ only for each. Why got increase so much for this time round?!?!

U should be asking why so little increase since got 3 missing months or one whole quarter since the last bid (Apr,May,Jun)

Becoz they dont want COE price to crash

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30 minutes ago, mikk123 said:

$1 all the way...........................................................................................................................................................................................................

Won't be $1 for sure

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Turbocharged

i also think COE prices should rise this round despite higher quota

looking around, consumer spending still there, shopping malls and restaurants are full, not much feel of recession at all 

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Supersonic
7 minutes ago, Scion said:

i also think COE prices should rise this round despite higher quota

looking around, consumer spending still there, shopping malls and restaurants are full, not much feel of recession at all 

People are so scared to get covid, so more people will buy car instead of taking public transport. 😄😄

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15 minutes ago, new_user1988 said:

Cat A quota is 1289

Cat B quota is 1291.

 

In march, quota for both CATs is 900+ only for each. Why got increase so much for this time round?!?!

 

12 minutes ago, yishunite said:

U should be asking why so little increase since got 3 missing months or one whole quarter since the last bid (Apr,May,Jun)

Becoz they dont want COE price to crash

One-third of Apr to Jun quota spread across 3 months of bidding, Jul to Sep. The remaining two-thirds will be spread across the subsequent nine months from Oct to Jun next year. Hence very little increase to speak of. 

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Internal Moderator
32 minutes ago, Scion said:

i also think COE prices should rise this round despite higher quota

looking around, consumer spending still there, shopping malls and restaurants are full, not much feel of recession at all 

I everyday eat at home, Maybe only I have recession. hahahha. 🤣

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(edited)
1 hour ago, yishunite said:

U should be asking why so little increase since got 3 missing months or one whole quarter since the last bid (Apr,May,Jun)

Becoz they dont want COE price to crash

KBW explained it all in his FB post. His parting gift to create more revenue before stepping down

Edited by Lotr
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Turbocharged
43 minutes ago, kobayashiGT said:

I everyday eat at home, Maybe only I have recession. hahahha. 🤣

dunno leh... 

i went walk walk see see yesterday... Ding Tai Feng was full, Hai Di Lao was full

if i fell into coma in Jan and woke up in June, i'd have not believed there was ever a pandemic happening 🤣

even US Nasdaq hit all time high!

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Turbocharged
1 hour ago, kobayashiGT said:

I everyday eat at home, Maybe only I have recession. hahahha. 🤣

Retail spending fell 52% yr on yr in May 

https://www.channelnewsasia.com/news/singapore/covid-19-singapore-retail-sales-fell-52-1-in-record-drop-in-may-12897640

Post CB sure got rebound coz many things ppl held off are actually necessities...  like we had to buy new clothes for growing kids lol

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Internal Moderator
4 minutes ago, yishunite said:

Retail spending fell 52% yr on yr in May 

https://www.channelnewsasia.com/news/singapore/covid-19-singapore-retail-sales-fell-52-1-in-record-drop-in-may-12897640

Post CB sure got rebound coz many things ppl held off are actually necessities...  like we had to buy new clothes for growing kids lol

WHY MY MOTHER NEVER BUY NEW CLOTHES FOR ME!!!! 😂

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