Carbon82 Moderator September 7, 2020 Share September 7, 2020 Community Service brought to you by MCF Good Luck to all vested! 2 useful links for our dear MCFers:Real Time COE Bidding ResultsCheck Your COE Bidding Status Past Bidding Results (2001 - 2018) Past Bidding Results (2019 - 2020) PQP (2010 - 2015) PQP (2016 - 2020) The details of the September 2020 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 7 September 2020, 12 noon Tender closes: Wednesday, 9 September 2020, 4.00 pm Tender results: Wednesday, 9 September 2020 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 3,261 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES:Category A : Cars (up to 1600cc & 97kW (130bhp)) => 1,035Category B : Cars (above 1600cc or 97kW (130bhp)) => 904Category D : Motorcycles => 496TRANSFERABLE CATEGORIES:Category C : Goods Vehicles and Buses => 354Category E : Open Category => 472 ↡ Advertisement 11 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic September 7, 2020 Share September 7, 2020 HUAT aH!!!! Link to post Share on other sites More sharing options...
Lotr 6th Gear September 7, 2020 Share September 7, 2020 3 weeks break... Interesting to see the results Link to post Share on other sites More sharing options...
Yongwd 1st Gear September 7, 2020 Share September 7, 2020 Who will fight for best selling brand in 2020? Will PI or AD sell more in 2020? We shall see in coming months. Link to post Share on other sites More sharing options...
Wildfaye29 Turbocharged September 7, 2020 Share September 7, 2020 高高低低高高低! 1 Link to post Share on other sites More sharing options...
Philipkee Twincharged September 7, 2020 Share September 7, 2020 27 minutes ago, mikk123 said: confirm going up....I was in the mall last weekend, my God! jam packed! What recession? But I think it will go up or maintain. Go down is unlikely. Dunno why. Worst recession ever yet COE can chiong.... Link to post Share on other sites More sharing options...
bennyp14 1st Gear September 7, 2020 Share September 7, 2020 1 hour ago, mikk123 said: confirm going up....I was in the mall last weekend, my God! jam packed! which mall sell car? I was at Leng Kee showrooms on Sunday, most of them fighting mosquitoes there. These 2 bids are crucial. We will see whether AEs prioritize fulfilling the CB deals or driving new pipeline to replace the CB deals. If CB backlog forms more than 60% of their sales pipeline, then replacing a sudden drop of 60% over the next month is no joke, especially going by the low crowd over the weekend. Link to post Share on other sites More sharing options...
inlinesix Supersonic September 7, 2020 Share September 7, 2020 Huat ah!!!!!!! Link to post Share on other sites More sharing options...
Bandai 1st Gear September 7, 2020 Share September 7, 2020 sept don think will have big movement, but think oct onwards will see weakening suspect nov and dec will drop quite a fair bit Link to post Share on other sites More sharing options...
doubleutee Clutched September 7, 2020 Share September 7, 2020 as a newbie, who lives just across Leng kee/ Alexandra, there's still plenty of test drives going on (most probably pre-arranged). the showroom crowd is not reflective of the situation. I also booked during cb - now looking forward to getting my deposit back. 1 1 1 Link to post Share on other sites More sharing options...
13177 Supersonic September 7, 2020 Share September 7, 2020 1 hour ago, Philipkee said: What recession? But I think it will go up or maintain. Go down is unlikely. Dunno why. Worst recession ever yet COE can chiong.... Like that you will continue to think if want to hoot your city liao? Lol. 1 Link to post Share on other sites More sharing options...
13177 Supersonic September 7, 2020 Share September 7, 2020 1 hour ago, bennyp14 said: which mall sell car? I was at Leng Kee showrooms on Sunday, most of them fighting mosquitoes there. These 2 bids are crucial. We will see whether AEs prioritize fulfilling the CB deals or driving new pipeline to replace the CB deals. If CB backlog forms more than 60% of their sales pipeline, then replacing a sudden drop of 60% over the next month is no joke, especially going by the low crowd over the weekend. If showroom fighting mosquitoes, then how come coe still go up? 1 Link to post Share on other sites More sharing options...
Philipkee Twincharged September 7, 2020 Share September 7, 2020 16 minutes ago, 13177 said: Like that you will continue to think if want to hoot your city liao? Lol. If next year I still never change then probably will wait another year then it becomes a race. I change first or wear and tear happens first. If wear and tear happens first and I start spending cash to fix it then I probably will keep the car since it's fixed. but if not fixed but look like on verge of spoiling then I quickly buy the city. 1 Link to post Share on other sites More sharing options...
Lalaland01 Neutral Newbie September 7, 2020 Share September 7, 2020 (edited) 2 hours ago, Philipkee said: What recession? But I think it will go up or maintain. Go down is unlikely. Dunno why. Worst recession ever yet COE can chiong.... Recession is there... just that not spreading across... yet. Another reason may be more ppl are getting private hiring car since jobless now.. may be? Edited September 7, 2020 by Lalaland01 1 Link to post Share on other sites More sharing options...
berry64694 1st Gear September 7, 2020 Share September 7, 2020 My forecast is COE confirm go up and this is why I think so. Using Cat B as example. 1. the number of bids have always been almost double of the quota since phase 2 started. That means to say that even if not many cars were sold, demand likely will still heavily > supply. 2. People may say those oversubscribed bids are "tikam" bids. Looking at the tables shared by some bros in earlier threads, you'll realize the jump to $30,000+ (for Cat B) usually happens around 200-300 oversubscribed bids. This means there are 200-300 bids going in to tikam tikam, likely those japanese and korean brands trying their luck. many bros have also shared that their AD are bidding <30k for them. 3. this means that there are still majority genuine bids that probably have a threshold of around mid-30k. The cars sold over the past 3 weekends break were also based on current COE costings, hence they also have the budget to go high. 4. Because of CB, many brands that used to sell forward are offering almost immediate registration. Many AD have targets to fulfill from principal. Hence, even if COE exceed their threshold, instead of chasing next round, they may secure to hit the target and make from your loan, insurance or used car. What do you guys think? Link to post Share on other sites More sharing options...
Philipkee Twincharged September 7, 2020 Share September 7, 2020 15 minutes ago, Lalaland01 said: Recession is there... just that not spreading across... yet. Another reason may be more ppl are getting private hiring car since jobless now.. may be? But that would mean more passengers which means more people willing to spend... Link to post Share on other sites More sharing options...
Lalaland01 Neutral Newbie September 7, 2020 Share September 7, 2020 (edited) 11 minutes ago, berry64694 said: My forecast is COE confirm go up and this is why I think so. Using Cat B as example. 1. the number of bids have always been almost double of the quota since phase 2 started. That means to say that even if not many cars were sold, demand likely will still heavily > supply. 2. People may say those oversubscribed bids are "tikam" bids. Looking at the tables shared by some bros in earlier threads, you'll realize the jump to $30,000+ (for Cat B) usually happens around 200-300 oversubscribed bids. This means there are 200-300 bids going in to tikam tikam, likely those japanese and korean brands trying their luck. many bros have also shared that their AD are bidding <30k for them. 3. this means that there are still majority genuine bids that probably have a threshold of around mid-30k. The cars sold over the past 3 weekends break were also based on current COE costings, hence they also have the budget to go high. 4. Because of CB, many brands that used to sell forward are offering almost immediate registration. Many AD have targets to fulfill from principal. Hence, even if COE exceed their threshold, instead of chasing next round, they may secure to hit the target and make from your loan, insurance or used car. What do you guys think? Should get those economist MPs to analyze ya? LOL Edited September 7, 2020 by Lalaland01 1 Link to post Share on other sites More sharing options...
Lalaland01 Neutral Newbie September 7, 2020 Share September 7, 2020 7 minutes ago, Philipkee said: But that would mean more passengers which means more people willing to spend... Sometime go into it doesn’t mean good business. May be just bo bian... because no job outside. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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