CB report: August round 2: Mystery surrounds Cat A price crash

[Ahyoo2002]

Hi all,

 

Carbuyer.com report on the Aug 2nd COE bidding exercise:

 

http://www.carbuyer.com.sg/?s=news_main&id=459

Edited August 23, 2007 by Ahyoo2002

[Sportster]

Website not accessible, Can post the article?

Edited August 23, 2007 by Sportster

[Ahyoo2002]

Damn, I was able to access it just now, I try to post it when it is back online.

 

CB website is always damn slow

[Apollo]

there was a time, when pple say COE wun break it

 

but it did.. just this week

 

u and me we do ur bid

 

duwan click till the last minute

 

for other cats, their pocket deep. reaching out for more

 

more COE

[Funky]

heard its actually due to a system glitch....

[Apollo]

7th month spirit in the air

DJ's stink.. breaking the air

We'r gg to pay less for COE

For u for meeeeeeeeeee

 

Count money, Count on him PM Lee

[DarkLord]

Website super duber slow sia..

[Ahyoo2002]

Good

[Ahyoo2002]

Yah, maybe down liao

[Ahyoo2002]

Still can not access, maybe I check again tomorrow. Time to .

 

Bye

[Cheekg98]

[Cheekg98]

maybe kena warning by LTA ?? or too many kpo accessing the site ?

[Vit4wd]

It is an open secret that that was a computer glitch in the last hour.

 

Many last minute bids from the 3 big players failed to get through.

 

So now you all know who determines COE prices and who are the culprits driving up COE prices.

[Impala]

dude, make it clear mah... some may still dont know

[Ahyoo2002]

Or is it purposely not keying by the big 3? Maybe a crash is needed to bring in the interest back to car market?

[Djcoolmax]

Source: http://www.carbuyer.com.sg/?s=news_main&id=459

 

Aug 23, 2007, by Colin Yong

August round 2: Mystery surrounds Cat A price crash

The COE price for small cars dropped by more than half this week, but no-one can agree on why it happened...

COE BIDDING RESULTS this week sent shockwaves through the local car industry, as the Category A certificate (for cars up to 1.6-litres and taxis) shed more than half its value to close at $8,118.

 

What made the Cat A result all the more intriguing was the fact that the premiums for Cat B (for cars above 1.6-litres) and the Open Cat (which is transferable and can be used for any kind of vehicle) remained relatively stable.

 

The Cat B COE was $1,991 cheaper than before at $16,010, while the Open Cat dropped just $701 to $17,302. These falls were more or less in line with general expectations

[Ahyoo2002]

Hi all, here is the article:

 

Aug 23, 2007, by Colin Yong

August round 2: Mystery surrounds Cat A price crash

The COE price for small cars dropped by more than half this week, but no-one can agree on why it happened...

 

COE BIDDING RESULTS this week sent shockwaves through the local car industry, as the Category A certificate (for cars up to 1.6-litres and taxis) shed more than half its value to close at $8,118.

 

What made the Cat A result all the more intriguing was the fact that the premiums for Cat B (for cars above 1.6-litres) and the Open Cat (which is transferable and can be used for any kind of vehicle) remained relatively stable.

 

The Cat B COE was $1,991 cheaper than before at $16,010, while the Open Cat dropped just $701 to $17,302. These falls were more or less in line with general expectations

[Ahyoo2002]

Hehe, you faster than me