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COE Bidding - March 2024


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[flowerface]Good Luck[flowerface]

3 useful links for MCFers

Highest Record

  • Cat A => $106,000 [Oct 2023]
  • Cat B => $150,001 [Oct 2023]
  • Cat C => $91,101 [Mar 2023]
  • Cat D => $13,189 [Nov 2022]
  • Cat E => $158,004 [Oct 2023]

Lowest Record

  • Cat A => $2 [Nov 2008]
  • Cat B => $200 [Jan 2009]
  • Cat C => $1 [Mar 2007]
  • Cat D => $1 [Mar 2003]
  • Cat E => $3,000 [Feb 2009]

Upcoming Bidding Exercise

The details of the March 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 4 March 2024, 12 noon
Tender closes: Wednesday, 6 March 2024, 4.00 pm
Tender results: Wednesday, 6 March 2024
 
(Available on www.onemotoring.lta.gov.sg)

The total quota available for this tender is 2,550 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES
Category A : Cars 
(up to 1,600cc and maximum power up to 97kW (130bhp); and fully electric car with maximum power up to 110kW (147bhp)) => 963
Category B : Cars 
(above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 708
Category D : Motorcycles => 520

TRANSFERABLE CATEGORIES
Category C : Goods Vehicles and Buses => 200
Category E : Open Category => 159

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6th Gear

Up down up down up up down

*But don't have a lot of cat A models compared to 10 years ago honestly 

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Turbocharged

This yr my predictions of COE going up have mostly gone wrong. So I'm going to predict COE up again!

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Hypersonic

Yesterday at Thomson Plaza there is a BYD road. Go kaypo kaypo.

They log the Cat A gurantee COE at $65k. Anything lower will refund for the Atto3.

The Seal is the car very impress. Veŕy good built quality.  Rear space was also very big for a sport saloon.

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Supersonic
On 3/2/2024 at 10:33 AM, Tohto said:

Yesterday at Thomson Plaza there is a BYD road. Go kaypo kaypo.

They log the Cat A gurantee COE at $65k. Anything lower will refund for the Atto3.

The Seal is the car very impress. Veŕy good built quality.  Rear space was also very big for a sport saloon.

byd is facing slow down in demand at home despite price war against tesla...to keep their ice and ev plants running they have to go cheap overseas...everywhere and anywhere that's cheap to enter...under cut many usual suspects in those markets...value proposition and pricing has lured many locals towards their models...be it ice or ev...

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3rd Gear
On 3/2/2024 at 11:12 AM, mersaylee said:

byd is facing slow down in demand at home despite price war against tesla...to keep their ice and ev plants running they have to go cheap overseas...everywhere and anywhere that's cheap to enter...under cut many usual suspects in those markets...value proposition and pricing has lured many locals towards their models...be it ice or ev...

But in singapore, their profit margin is high

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Supersonic
On 3/3/2024 at 1:47 PM, Koster said:

But in singapore, their profit margin is high

Someone once said...salah apa to collect lagi...?😂

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Turbocharged
On 3/3/2024 at 1:47 PM, Koster said:

But in singapore, their profit margin is high

Ironically all AD in Sg have huge profit margin... coz singkies love being carrot

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2nd Gear
On 3/3/2024 at 9:32 PM, yishunite said:

Ironically all AD in Sg have huge profit margin... coz singkies love being carrot

Yea I keep hearing AD saying 10k profit margin on a 30k OMV car (I.e. 33% margin) not enough to provide maintenance, warranty etc. 

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Supersonic
On 3/3/2024 at 10:48 PM, tjyand said:

Yea I keep hearing AD saying 10k profit margin on a 30k OMV car (I.e. 33% margin) not enough to provide maintenance, warranty etc. 

with such a low volume, AD can survive with $10k/car meh?

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2nd Gear
On 3/3/2024 at 11:37 PM, inlinesix said:

with such a low volume, AD can survive with $10k/car meh?

These 10k / 33% margin cars are the rare cases there are clearance/“special” deals. Most of the time the margin is 20k / 66% and above. 

in any event, I don’t see car dealers reducing margins when there are more pieces of coe available and volume is higher. 

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Supersonic
On 3/2/2024 at 10:33 AM, Tohto said:

Yesterday at Thomson Plaza there is a BYD road. Go kaypo kaypo.

They log the Cat A gurantee COE at $65k. Anything lower will refund for the Atto3.

The Seal is the car very impress. Veŕy good built quality.  Rear space was also very big for a sport saloon.

I also saw this BYD roadshow. So they predict cat A coe will drop back to 65k?! 😅

I prefer the atto 3 design, looks nice. The seal i find the car a bit too low.

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Turbocharged
On 3/4/2024 at 12:47 AM, tjyand said:

These 10k / 33% margin cars are the rare cases there are clearance/“special” deals. Most of the time the margin is 20k / 66% and above. 

in any event, I don’t see car dealers reducing margins when there are more pieces of coe available and volume is higher. 

In fact margin gets higher when COE is low. Low quota period is just the painful time all have to suffer until high quota period

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Hypersonic
On 3/4/2024 at 6:44 AM, 13177 said:

I also saw this BYD roadshow. So they predict cat A coe will drop back to 65k?! 😅

I prefer the atto 3 design, looks nice. The seal i find the car a bit too low.

Seal is a Sport Saloon.

Atto 3 is a CUV. 

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1st Gear
On 3/4/2024 at 6:44 AM, 13177 said:

I also saw this BYD roadshow. So they predict cat A coe will drop back to 65k?! 😅

I prefer the atto 3 design, looks nice. The seal i find the car a bit too low.

maybe is marketing strategy to wan buyer to topup extra for G COE bid?

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