COE Bidding – 1st Round of November 2016

[Carbon82]

The details of the November 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 7 November 2016, 12 noon
Tender closes: Wednesday, 9 November 2016, 4.00 pm
Tender results: Wednesday, 9 November 2016 (Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 4,261 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:
Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,929
Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,347
Category D: Motorcycles => 399

TRANSFERABLE CATEGORIES:
Category C: Goods Vehicles and Buses => 185
Category E: Open Category => 401


I make a quick comparision with last bidding exercise, and surprisingly, only Cat A experienced a more "significant" cut in quota (less 94 COE), while quota for the other categories remain largely untouch or inline with LTA previous announcement on COE quota from Nov 2016 - Jan 2017.

Cat A
Oct 2nd Bidding => 2,023
Nov 1st Bidding => 1,929
Changes => -94 (-4.6%)

Cat B
Oct 2nd Bidding => 1,340
Nov 1st Bidding => 1,347
Changes => +7 (+0.5%)

Cat C
Oct 2nd Bidding => 360
Nov 1st Bidding => 399
Changes => +39 (+10.8%)

Cat D
Oct 2nd Bidding => 188
Nov 1st Bidding => 185
Changes => -3 (-1.6%)

Cat E
Oct 2nd Bidding => 429
Nov 1st Bidding => 401
Changes => -28 (-6.5%)

 

P/S: There seems to be some issues with tinypic.com, as well as the alternate photo uploading site I am using (the chart cannot be displayed). So I have attached the latest 2015 & 2016 chart via MCF attachment for your reference.

Edited November 4, 2016 by Carbon82

[Pocy]

 

 

 

The details of the November 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 7 November 2016, 12 noon

Tender closes: Wednesday, 9 November 2016, 4.00 pm

Tender results: Wednesday, 9 November 2016 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,261 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,929

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,347

Category D: Motorcycles => 399

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 185

Category E: Open Category => 401

 

 

I make a quick comparision with last bidding exercise, and surprisingly, only Cat A experience a more "significant" cut in quota (less 94 COE), while quotat for the other categories remain largely untouch or inline with LTA previous announcement on COE quota from Nov 2016 - Jan 2017.

 

Cat A

Oct 2nd Bidding => 2,023

Nov 1st Bidding => 1,929

Changes => -94 (-4.6%)

 

Cat B

Oct 2nd Bidding => 1,340

Nov 1st Bidding => 1,347

Changes => +7 (+0.5%)

 

Cat C

Oct 2nd Bidding => 360

Nov 1st Bidding => 399

Changes => +39 (+10.8%)

 

Cat D

Oct 2nd Bidding => 188

Nov 1st Bidding => 185

Changes => -3 (-1.6%)

 

Cat E

Oct 2nd Bidding => 429

Nov 1st Bidding => 401

Changes => -28 (-6.5%)

Good Luck to all waiting for COE!! Cheers!!

[Vulcann]

Thanks bro Carbon82 for the continual effort made so far   [thumbsup]  

[wdldalian]

I think the impact of reduced quota and car show is much less than the impact of private rental company's bidding. If they bid less, COE would drop.

[s1nner]

All upzzzz

 

Cat A $52K-54K

Cat B $56K-58K

 

i reckon. . . . . . .

[therock]

The main factors for a higher COE:

 

- year end bonus

- expo sales

- coming CNY demand

- follow on demand for the Motor Show

- decreased COE quota

- pent up three week demand

 

Factors for a lower COE

 

Market uncertainly

Uber and Grab demand petering out?

 

My take

 

55-60k for Cat A and Cat B

60k for open Cat

Edited November 4, 2016 by therock

[ulysses84]

All upzzzz

 

Cat A $52K-54K

Cat B $56K-58K

 

i reckon. . . . . . .

 

understand from PI, typically +/- range $5k from the last round bidding is the typical fluctuation.

[Dilemma]

All cat down $1000 - $2000

[13177]

94 cut for Cat A quota, meaning about 47 less per coe round? Actually doesnt make any great difference lo, but ADs say until the coe quota cut like a lot and price will up a lot also? Overall i think coe might go up during the first bid in nov, but subsequent coe bidding then hard to say. Might come down also since economy really not say very good lo. Coe should still hover around $50k +- la.

Edited November 4, 2016 by 13177

[RH1667]

94 cut for Cat A quota, meaning about 47 less per coe round? Actually doesnt make any great difference lo, but ADs say until the coe quota cut like a lot and price will up a lot also? Overall i think coe might go up during the first bid in nov, but subsequent coe bidding then hard to say. Might come down also since economy really not say very good lo. Coe should still hover around $50k +- la.

 

if they dont say this way, how to get people to quickly faster sign on dotted line ? 

[Victor68]

as car sale person i will obviously tell you to quickly buy otherwise sure go up. but i am not in car sale haha

[MQX87511]

does it mean COE quota peak already has passed over, subsequently quota will gradually shrink until wave bottom 2022?

[13177]

if they dont say this way, how to get people to quickly faster sign on dotted line ? 

True also. Even next round coe might not go up, and yet sales people might tell potential buyer faster signed, and existing customer faster top up. If not coe will go up and up and up. Lol.

[L23]

All cats drop this time round

[Blueray]

If COE up - blame Uber + garmen

 

If COE down - blame economy + garmen

 

I summarise already

 

savvy  ?

 

[Hosaybo]

Good Luck to all waiting for COE!! Cheers!!

need more than luck..... Need $$$$$$!

[Pocy]

If COE up - blame Uber + garmen

 

If COE down - blame economy + garmen

 

I summarise already

 

savvy ?

 

If COE unchanged - kelong liao

need more than luck..... Need $$$$$$!

No $$$$$$ ... no talk ... no

[s1nner]

All cats drop this time round

 

I oso hope so, really hope so