COE Bidding – November 2020

[Kar_lover]

Just now, berry64694 said:

those who are not vested, you guys do know that if COE crashes, it's unlikely AD will lower their prices accordingly right? Because everyone will chiong to buy, COE next round will shoot up. 

Of course. And people also will not chiong to buy since ADs will not crash their prices. At most they lower it a bit to reflect downward trending sentiment.

[Bry_2004]

cat b has more quota but seems to be breaking first this time..
a number of accumulation waiting for the nov quotas perhaps?

[Kar_lover]

 

Really quite slow today....

[Kar_lover]

1 minute ago, Bry_2004 said:

cat b has more quota but seems to be breaking first this time..
a number of accumulation waiting for the nov quotas perhaps?

Ya Cat A super slow....no good car in Cat A ah...

[Lotr]

6 minutes ago, berry64694 said:

those who are not vested, you guys do know that if COE crashes, it's unlikely AD will lower their prices accordingly right? Because everyone will chiong to buy, COE next round will shoot up. 

But if demand/no. of bids weakens, won't they cut price?

[Kar_lover]

2 minutes ago, Lotr said:

But if demand/no. of bids weakens, won't they cut price?

Yes but not in tandem with the  amount which the COE dropped.

[BananaSenpai]

They would lower the price ba, but not to the extend they price their car at $1 COE. 
 

and Car B breaking quota sooon

[crazythen]

What does current reserve price mean? Saw this in the LTA bidding page. 

[Lotr]

4 minutes ago, crazythen said:

What does current reserve price mean? Saw this in the LTA bidding page. 

The price that they bid for u

[Kar_lover]

5 minutes ago, crazythen said:

What does current reserve price mean? Saw this in the LTA bidding page. 

That is what the dealer bid for u. So how much was it?

[crazythen]

Just now, Lotr said:

The price that they bid for u

Thanks. Can they revise this up if the COE conts to climb?

[Kar_lover]

Just now, crazythen said:

Thanks. Can they revise this up if the COE conts to climb?

Yes of course. But usually won't unless u are down to ur last few bids.

[Lotr]

2 minutes ago, crazythen said:

Thanks. Can they revise this up if the COE conts to climb?

Yes they can

[Kar_lover]

 

All busy watching US election forgot today is COE day lol

[wlalala]

lol my AD 2pm alr submitted bid

[Kar_lover]

 

Wa Cat B break at $5.1k only.....

[crazythen]

5 minutes ago, Kar_lover said:

Yes of course. But usually won't unless u are down to ur last few bids.

 

3 minutes ago, Lotr said:

Yes they can

Make sense now. When they call you to top up. You have to decide on the spot. 

[Kar_lover]

Could we be looking at sub-$30k COE??