Carbon82 Moderator May 2, 2021 Share May 2, 2021 Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Past Bidding Results (2001 - 2018) Past Bidding Results (2019 - 2021) Trend Chart (Feb 2019 - Apr 2021) *chart taken from www.sgcarmart.com PQP (2010 - 2015) PQP (2016 - 2021) The details of the May 2021 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 3 May 2021, 12 noon Tender closes: Wednesday, 5 May 2021, 4.00 pm Tender results: Wednesday, 5 May 2021 (Available on the www.onemotoring.lta.gov.sg website) The total quota available for this tender is 2,726 (-231) for the following vehicle categories: NON-TRANSFERABLE CATEGORIESCategory A : Cars (up to 1600cc & 97kW (130bhp)) => 832 (-58)Category B : Cars (above 1600cc or 97kW (130bhp)) => 819 (-137)Category D : Motorcycles => 650 (+104)TRANSFERABLE CATEGORIESCategory C : Goods Vehicles and Buses => 157 (-105)Category E : Open Category => 268 (-35) ↡ Advertisement 11 Link to post Share on other sites More sharing options...
Lotr 6th Gear May 2, 2021 Share May 2, 2021 first in ... I guess up again Link to post Share on other sites More sharing options...
Tianmo Hypersonic May 2, 2021 Share May 2, 2021 one question. If I test drove with one SE and I dont want to buy from him, how long must I wait before I can buy from someone else from the same AD? I remember it was like 3 months or is it 6 months? Link to post Share on other sites More sharing options...
mersaylee Supersonic May 2, 2021 Share May 2, 2021 16 minutes ago, Tianmo said: one question. If I test drove with one SE and I dont want to buy from him, how long must I wait before I can buy from someone else from the same AD? I remember it was like 3 months or is it 6 months? Social Escort Issit? 😝 Always choose the most chio one to test drive...dont buy but bye also no regret...birdday gift huh? 😁 6 Link to post Share on other sites More sharing options...
Carbon82 Moderator May 2, 2021 Author Share May 2, 2021 29 minutes ago, Tianmo said: one question. If I test drove with one SE and I dont want to buy from him, how long must I wait before I can buy from someone else from the same AD? I remember it was like 3 months or is it 6 months? Actually there are no written rules but more of business ethic. I would say 3 months should be pretty reasonable. That is one of the reasons why I don't anyhow test drive with unfamiliar SE. I will normally look see look see first (including the SE serving me - I am very particular about product knowledge and service level), before arranging for test drive with a SE I can trust. 11 Link to post Share on other sites More sharing options...
Tianmo Hypersonic May 2, 2021 Share May 2, 2021 19 minutes ago, mersaylee said: Social Escort Issit? 😝 Always choose the most chio one to test drive...dont buy but bye also no regret...birdday gift huh? 😁 Social Escort I think cannot test drive de... Showroom SE queue up system, how to choose? 1 Link to post Share on other sites More sharing options...
Tianmo Hypersonic May 2, 2021 Share May 2, 2021 13 minutes ago, Carbon82 said: Actually there are no written rules but more of business ethic. I would say 3 months should be pretty reasonable. That is one of the reasons why I don't anyhow test drive with unfamiliar SE. I will normally look see look see first (including the SE serving me - I am very particular about product knowledge and service level), before arranging for test drive with a SE I can trust. IIRC, there is, or mayb some AD has such rules among the SEs. Within the period, the comm goes to the earlier SE or split comm, something like that. How to have familiar SE unless you going back to the same brand. We also cant keep going back to the show room to be serve by different SE leh. I read some reviews, and there is one particular issue which different reviews gave different opinions. The only way for me to know if I can accept it is to do a test drive myself, otherwise i cannot even shortlist it... Link to post Share on other sites More sharing options...
Ct3833 Supersonic May 2, 2021 Share May 2, 2021 (edited) lai lai, talk it FOC. some say COE will see $100k, will it really go to $100K? it is up to anybody's guess. But lets look at some statistics below. 1. about 7 to 9 years ago, COE allocation was all time low of less than 15,000 COE allocation per year for CAT A and B combined. The low COE allocation caused dealers to outbid one another, resulting in very expensive COE price. 2. Next, if we look at cars that are 13 to 14 years old, there are about 42,000 and 23,000 COE cars respectively, about 50% of these cars are 5 years COE cars, they will be due for scrap in 2 to 3 years time, the timing will align with those 7-9 year old cars which are having very low COE allocation, that means by then, the same COE crunch that happened in 7 to 9 year ago would not be too bad in 2 to 3 years time. so if all else equal, chances of COE going to $100k is low. But of course people are getting more affluence, so $100k COE is still possible, just that it is less likely to happen. If can wait, there is no need to rush in. Edited May 2, 2021 by Ct3833 7 Link to post Share on other sites More sharing options...
Ct3833 Supersonic May 2, 2021 Share May 2, 2021 9 minutes ago, Tianmo said: IIRC, there is, or mayb some AD has such rules among the SEs. Within the period, the comm goes to the earlier SE or split comm, something like that. How to have familiar SE unless you going back to the same brand. We also cant keep going back to the show room to be serve by different SE leh. I read some reviews, and there is one particular issue which different reviews gave different opinions. The only way for me to know if I can accept it is to do a test drive myself, otherwise i cannot even shortlist it... why bother about who get the comms, just change SE and buy from another SE if the current one sucks, how they split is their problem. If you want to avoid that guy getting your comms, got buy another brand😀 . I mean, if not Mercedes, buy MMW, if not BMW, then buy Mercedes lah. 😀 2 Link to post Share on other sites More sharing options...
Knighthunter 3rd Gear May 2, 2021 Share May 2, 2021 @Tianmo If not happy with the SE just go to counter and ask to change the SE. Sometime need to let them know if you can’t agree or not convince with SE. At the end usually dealer wants to sell the car not to protect SE rice bowl. 4 Link to post Share on other sites More sharing options...
ER-3682 Twincharged May 2, 2021 Share May 2, 2021 8 hours ago, Lotr said: first in ... I guess up again Cat B up $3,000.? Link to post Share on other sites More sharing options...
Kopites Supersonic May 2, 2021 Share May 2, 2021 7 hours ago, Tianmo said: Social Escort I think cannot test drive de... Showroom SE queue up system, how to choose? Can choose. Just politely wave the "undesirable" off telling them not going to do any test drive this trip. After coffee tiam session than I U turn back again. The issue is you aren't using the correct head to think. "Sir can I book you a test drive". 😄 You sure nod nod with saliva drooling. Hahaha 6 Link to post Share on other sites More sharing options...
Lotr 6th Gear May 2, 2021 Share May 2, 2021 7 hours ago, Ct3833 said: lai lai, talk it FOC. some say COE will see $100k, will it really go to $100K? it is up to anybody's guess. But lets look at some statistics below. 1. about 7 to 9 years ago, COE allocation was all time low of less than 15,000 COE allocation per year for CAT A and B combined. The low COE allocation caused dealers to outbid one another, resulting in very expensive COE price. 2. Next, if we look at cars that are 13 to 14 years old, there are about 42,000 and 23,000 COE cars respectively, about 50% of these cars are 5 years COE cars, they will be due for scrap in 2 to 3 years time, the timing will align with those 7-9 year old cars which are having very low COE allocation, that means by then, the same COE crunch that happened in 7 to 9 year ago would not be too bad in 2 to 3 years time. so if all else equal, chances of COE going to $100k is low. But of course people are getting more affluence, so $100k COE is still possible, just that it is less likely to happen. If can wait, there is no need to rush in. Not that I have the numbers but I think there will be upward pressure from population growth (influx of economically active people), inflation,and probably increasing per capita income over these 10 years 2 Link to post Share on other sites More sharing options...
Lotr 6th Gear May 2, 2021 Share May 2, 2021 24 minutes ago, ER-3682 said: Cat B up $3,000.? My guess should be a smaller rise than the last round. Remember Borneo motor boss said will hit 70k Link to post Share on other sites More sharing options...
Scion Turbocharged May 3, 2021 Share May 3, 2021 8 hours ago, Ct3833 said: lai lai, talk it FOC. some say COE will see $100k, will it really go to $100K? it is up to anybody's guess. But lets look at some statistics below. 1. about 7 to 9 years ago, COE allocation was all time low of less than 15,000 COE allocation per year for CAT A and B combined. The low COE allocation caused dealers to outbid one another, resulting in very expensive COE price. 2. Next, if we look at cars that are 13 to 14 years old, there are about 42,000 and 23,000 COE cars respectively, about 50% of these cars are 5 years COE cars, they will be due for scrap in 2 to 3 years time, the timing will align with those 7-9 year old cars which are having very low COE allocation, that means by then, the same COE crunch that happened in 7 to 9 year ago would not be too bad in 2 to 3 years time. so if all else equal, chances of COE going to $100k is low. But of course people are getting more affluence, so $100k COE is still possible, just that it is less likely to happen. If can wait, there is no need to rush in. excellent points there's one big external factor today... the amount of liquidity flowing around and the ultra low interest rate environment 2 Link to post Share on other sites More sharing options...
13177 Supersonic May 3, 2021 Share May 3, 2021 9 hours ago, Carbon82 said: Actually there are no written rules but more of business ethic. I would say 3 months should be pretty reasonable. That is one of the reasons why I don't anyhow test drive with unfamiliar SE. I will normally look see look see first (including the SE serving me - I am very particular about product knowledge and service level), before arranging for test drive with a SE I can trust. Didnt know the unwritten 3 months rule?! But can i just act blur and ask for another SE when go back on another day le? Or maybe go to another location? Like today i went to leng kee and another day i go to ubi. Link to post Share on other sites More sharing options...
inlinesix Supersonic May 3, 2021 Share May 3, 2021 @Ct3833 We might be looking at a negative growth rate by end of the year. As of March, the number of private car (excl PHV) is higher than 2019. 1 Link to post Share on other sites More sharing options...
D3badge 6th Gear May 3, 2021 Share May 3, 2021 9 hours ago, Ct3833 said: lai lai, talk it FOC. some say COE will see $100k, will it really go to $100K? it is up to anybody's guess. But lets look at some statistics below. 1. about 7 to 9 years ago, COE allocation was all time low of less than 15,000 COE allocation per year for CAT A and B combined. The low COE allocation caused dealers to outbid one another, resulting in very expensive COE price. 2. Next, if we look at cars that are 13 to 14 years old, there are about 42,000 and 23,000 COE cars respectively, about 50% of these cars are 5 years COE cars, they will be due for scrap in 2 to 3 years time, the timing will align with those 7-9 year old cars which are having very low COE allocation, that means by then, the same COE crunch that happened in 7 to 9 year ago would not be too bad in 2 to 3 years time. so if all else equal, chances of COE going to $100k is low. But of course people are getting more affluence, so $100k COE is still possible, just that it is less likely to happen. If can wait, there is no need to rush in. I think government carlite mean quota slowly going down, not a 1 to 1 ratio yeah ? And population slowly going up to meet the 6.9m white paper target? Plus generally the society are getting richer too mean we have progress as a nation too! ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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