Jump to content
Carbon82

COE Bidding – April 2021

Recommended Posts

5th Gear
14 minutes ago, Soundphile said:

And we have 15k potential car buyers flocking to the showroom... 

maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? 

↡ Advertisement
  • Praise 1

Share this post


Link to post
Share on other sites
2nd Gear
31 minutes ago, mikk123 said:

maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? 

PQP history can be checked easily.. it wasn't a few thousand dollars.

and COE returning to the market will have a delayed effect, ie, people will buy car before their COE expires and the COE will only return to the market few mths down the road.

best is to just buy the car when you need it, no point to time the market..

Share this post


Link to post
Share on other sites
Supersonic
50 minutes ago, mikk123 said:

maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? 

Don't generalise la, one of our millionstars in the popular Jurong area drives COE estima, scrapped and changed to another COE estima

  • Haha! 1

Share this post


Link to post
Share on other sites
5th Gear
16 minutes ago, Soundphile said:

PQP history can be checked easily.. it wasn't a few thousand dollars.

and COE returning to the market will have a delayed effect, ie, people will buy car before their COE expires and the COE will only return to the market few mths down the road.

best is to just buy the car when you need it, no point to time the market..

good analysis. Maybe this group of pple are pushing up the COE in the last few rounds of bidding. 

Share this post


Link to post
Share on other sites
6th Gear
1 hour ago, mikk123 said:

maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? 

Few thousands dollars Coe in 2016? Cannot be.

2018 COE still about 30-40k

  • Praise 1

Share this post


Link to post
Share on other sites
5th Gear (edited)
4 hours ago, mikk123 said:

maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? 

I dunno how much 5 years COE cost, but my previous car was a $56k COE in 3rd week June 2016! Today COE is below $50k hmmm......

Edited by D3badge

Share this post


Link to post
Share on other sites
Hypersonic

The reason people renew 5 years is because coe was over $50k.

If only "a few k" people would have renewed 10 years.

:D

  • Praise 2

Share this post


Link to post
Share on other sites

5th Gear

alamak....my facts got wrong. What if people paid low COE at the point of purchase which was 15 years ago. 10 years later they faced high COE, so they decided to pay half COE and continue their, so called cheap COE car for 5 more years?  is my analysis making sense? feel free to add your thoughts 😁

Share this post


Link to post
Share on other sites
3rd Gear
21 minutes ago, mikk123 said:

alamak....my facts got wrong. What if people paid low COE at the point of purchase which was 15 years ago. 10 years later they faced high COE, so they decided to pay half COE and continue their, so called cheap COE car for 5 more years?  is my analysis making sense? feel free to add your thoughts 😁

anybody wanna check coe price 15 years ago?😂

anyway I think people renew COE because it is cheaper than buying a new car. if they had any inkling of giving up car ownership, they probably wouldn't have renewed. Because renewing isn't just paying the PQP, their parf is forfeited as well.

 

Share this post


Link to post
Share on other sites
Hypersonic

And paying 5 year coe is really sacrificing parf as can never renew.

:D

Share this post


Link to post
Share on other sites
5th Gear

The news report not logical.

Lesser extensions could also mean, more rather buy a new car.

With the delay in the scrapped COE returning to the quota pool, this means upfront demand will drive up the COE price.

 

 

Share this post


Link to post
Share on other sites
Supersonic
7 minutes ago, Bensky said:

US auto industry calls for government help as it warns of impact of chip shortage
https://www.channelnewsasia.com/news/business/us-auto-industry-calls-for-government-help-as-it-warns-of-impact-of-chip-shortage-14565284
 

Soon not only are COEs limited, car stocks are dwindling sharply. Better buy while stocks last!!

Would that translate to better resale value or export value of used car? I have one going to either scrapyard or export yard soon...i hope the world is in shortage of metal as well 😁

  • Haha! 2

Share this post


Link to post
Share on other sites
Supercharged
5 hours ago, wlalala said:

anybody wanna check coe price 15 years ago?😂

 

 

April 2006 was $11.9k for Cat A.

Share this post


Link to post
Share on other sites
Neutral Newbie

From March 2nd Tender to April 1st Tender- 3 weeks waiting period. COE prices is gonna increase definitely- Only can est how much will it increase...
Anyone wanna sidebet?😎

Share this post


Link to post
Share on other sites
Neutral Newbie

Such an interesting auction dynamic - price remains at $1 till the last few minutes when it suddenly sky-rockets. I would love to sneak peek into those last few minutes of auction at one of the major ADs.

Share this post


Link to post
Share on other sites
Moderator

UP ahhhhhhhhhhhhhhhhhhhhh..huat ah!!!

hahahaha

↡ Advertisement
  • Haha! 2

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×