COE Bidding - December 2023

[13177]

Cat A and Cat B crushed ar! From last round $85k to $65k and $110k to $85k! 

So this weekend car showroom will be mountain people mountain sea?

Edited January 4, 2024 by 13177

[waihoong2001]

Oh my, Cat B dropped $25k.  Recession on the horizon

[hansmith]

@waihoong2001 usually recession doesnt affect coe prices much (i think).

[Fcw75]

On 1/4/2024 at 4:06 PM, waihoong2001 said:

Oh my, Cat B dropped $25k.  Recession on the horizon

When?

Been hearing it since 2020.

[Mkl22]

lai liao... release the quota kraken cause new PM is come. cut and fill any number also can.. surely over estimate the quota number.... back to the same "mistake in 2004"🤣

[Mkl22]

On 1/4/2024 at 4:07 PM, hansmith said:

@waihoong2001 usually recession doesnt affect coe prices much (i think).

maybe you too young then 2008/2009 recession saw the coe hit $3k

[Mkl22]

$150k coe cars can scrap liao....

[Philipkee]

On 11/24/2023 at 11:14 AM, Philipkee said:

Drop another 70k more and I buy a car.

 

On 11/22/2023 at 5:04 PM, Philipkee said:

Need it to drop a bit more

Reaching there.  Another round like this maybe I will really go and change car.

[waihoong2001]

@hansmith Leisure reading of this article, some loose factors between recession and COE : https://peakd.com/hive-167922/@culgin/can-coe-prices-predict-recession-in-singapore

[Benarsenal]

I think everybody really forgot about today's COE bidding. Still haven't out of holiday mood yet lol 

[Invigorated]

It's more of supply at work. Lta used a cheat code to bring supply from excess years to now. More smoothing effect to avoid the highs and lows. Now earnings from mids may prevent lesser gainers and losers. LTA should just set a base COE and a ceiling so that people don't lose or gain too much too. 

[Mkl22]

if smart enough better scrap this asap. got 3 days left.🤣

 

https://www.sgcarmart.com/used_cars/info.php?ID=1118543&DL=3716&utm_content=SLeligible

 

this one as well.

https://www.sgcarmart.com/used_cars/info.php?ID=1248811&DL=4217&utm_content=SLeligible

Edited January 4, 2024 by Mkl22

[Mockngbrd]

[Volvobrick]

On 1/4/2024 at 4:12 PM, Mkl22 said:

$150k coe cars can scrap liao....

They will let the COE lapse (if unused) .... lose only 10K.

 

[thebestbees]

@Philipkee should be quite hard with motorshow comign up next week . Maybe that’s why open Cat demand still there 

[Yongwd]

@yishunite sure, pls get mod to delete them thanks

[Enye]

wah like this chiong to buy liao?

cat b needs to drop another $50k to get me moving to the showroom

😬😅

[Soya]

Waiting for what? Promote Chee Hong Tat to full ministar NOW!