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COE Bidding – January 2021

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Neutral Newbie
1 hour ago, khee76 said:

this round maybe still flat or drop slightly.. still got chance to hit the CNY delivery.. Next bidding for sure go down.. who buy car before CNY.  

Next 2 bidding for those who brought during 11.11 sales or Dec promo.. Managed got it a good price and got 6 bidding to spare one.. dun mind CNY delivery or not...

Don’t think the next few biddings will see a drop in COE prices due to lesser COE quota 

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1st Gear

time to go marginally higher again..
where is our "if coe 50k i chop didi guy"

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Hypersonic (edited)
28 minutes ago, Bry_2004 said:

time to go marginally higher again..
where is our "if coe 50k i chop didi guy"

He bled to death already.

:D

Edited by Jamesc
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1st Gear
59 minutes ago, 7deadlysins said:

Don’t think the next few biddings will see a drop in COE prices due to lesser COE quota 

looking at past trend, cannot see a very clear trend that once quota drop, COE price go up drastically. Unless quota drop like 50% type..  It is more about whether the AD want to get the car ship out to customer or not. If they cannot meet their supplier quota, then obviously, they will bid higher to get it ship out. If there is no pressure, AD will wait. Most AD did not increase a lot for past 6 month, so they will unlikely to bid high price.

In this mkt, i think AD will scare to bid high price. Because another lock down come, they will have hard time building up their backlog. 

You can see like last year bidding, the amount of bid receive ves quota is almost 2x but the COE only increase $2k-3k per bidding exercise. Now that the amount of bid ves quota is only about 30% more, i think price will come down or flat. Afterall some AD promise CNY delivery. so die die this bid must get one. next bid onward, it will come down slowly until the backlog improve.

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6th Gear

Stock market up. Property market up.

Economy still chugging along. Vaccinations ongoing.

Expected shrinking COE supply.

Neverending cars sales and promotions enticing buyers.

Don't see why COE prices won't go up.

 

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1st Gear

Super slow.  Looks like all with COE bids placed may soon be celebrating....

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2nd Gear

strong bidding in the last 5 min. estimate an increase this time round again...

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2nd Gear
4 minutes ago, Bensky said:

Super slow.  Looks like all with COE bids placed may soon be celebrating....

still early

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1st Gear
26 minutes ago, Bensky said:

Super slow.  Looks like all with COE bids placed may soon be celebrating....

too early luh..even now is still considered early..the action only comes in last 10 mins or so

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1st Gear
2 minutes ago, PaulMeng said:

All down !! down down down !!!

no catalyst to go down at all..

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6th Gear
6 minutes ago, bmwvarun said:

CAT B

within 3 minutes from $1 -> $38k -> $45k

Quite normal for prices to spike up like this

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6th Gear
6 minutes ago, Bry_2004 said:

no catalyst to go down at all..

All signs, stock market, property market, economy, are pointing up. No reason for COE to fall

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5th Gear

Just pop by to see anyone needs to chop xiao Didi!😝

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6th Gear
3 minutes ago, bmwvarun said:

image.png.d4a216acda5c45e767d077b832de74e8.png

 

 Upppp

Smaller amount of excess bids can still push the price up

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1st Gear

this time ppl dont dare to gamble didi

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