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174 replies to this topic | 478 praises

#121

Posted 19 June 2019 - 05:59 PM

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Super duper weak.

 

199 unused bidders all bidded at same price of $$26,998??

 

Meaning next few rounds will be exciting.

Good observation!

 

should be 200 or more bidded $26998. 

 

Or system error again? Revised reserved bid not updated.


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#122

Posted 19 June 2019 - 06:00 PM

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Super duper weak.

199 unused bidders all bidded at same price of $$26,998??

Meaning next few rounds will be exciting.

Yeah im curious how does the unused works. 199 bring over to the next bidding?
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#123

Posted 19 June 2019 - 06:02 PM

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What does it mean? Unused bidder...

not enough COE for those who bid the same amount.

200 or more bid $26998 but only 199 left.

 

This 199 will carry forward to next round.


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#124

Posted 19 June 2019 - 06:18 PM

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The power of GE! Muayhahahhaha..
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#125

Posted 19 June 2019 - 06:25 PM

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COE prices will remain at current level or decrease if the private hire stay out of the picture
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#126

Posted 19 June 2019 - 06:34 PM

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All scare buy car due to ERP 2.0 rolling out. $$$
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#127

Posted 19 June 2019 - 07:16 PM

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The next quarter quota likely to be lower as de-registration in May continues to drop.

 

Degistration May 2019.PNG

 

Leading indicator of the COE supply is the revalidation of COEs which continues to go higher in April.  I think May will also be the same as April.

 

revalidation april 2019.PNG


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#128

Posted 19 June 2019 - 07:23 PM

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What does it mean? Unused bidder...

Some big ADs place lots of bids at the same price... and with COE so weak they decided not to secure the COE and wait for next round... this is interesting cos if bids < quota then COE = $1. Which means... theres no confidence in filling quota next round so this may be a sign that sales are weak and they need price to come down to get more ppl to showroom


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#129

Posted 19 June 2019 - 07:25 PM

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Some big ADs place lots of bids at the same price... and with COE so weak they decided not to secure the COE and wait for next round... this is interesting cos if bids < quota then COE = $1. Which means... theres no confidence in filling quota next round so this may be a sign that sales are weak and they need price to come down to get more ppl to showroom

This is so true. With this weakness, next bidding may be $1. Must standby and bid for myself if it really happens
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#130

Posted 19 June 2019 - 09:21 PM

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All scare buy car due to ERP 2.0 rolling out. $$$

Economy and the new ERP are the two uncertain things which might deter some people from buying?!
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#131

Posted 19 June 2019 - 09:29 PM

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Economy and the new ERP are the two uncertain things which might deter some people from buying?!


Which is why " **ALL & EVERYBODY**' is TRYING to bring price south!....get the meaning??

Reduce tax to govt and consumer save, they cannot resist they BUY. Muahanahaha
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#132

Posted 19 June 2019 - 09:45 PM

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COE prices are much weaker than my expectation.

 

This affirms that the economy is really not doing well now and many people are holding back their car purchase.


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#133

Posted 19 June 2019 - 10:23 PM

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The fall in cat b and e for 3 rounds really shows that demand is weak.  

 

No matter what the reporters, experts and insiders say, the COE prices speaks for itself.

 

Dealers would have to cut prices but buyers will wait for the price to drop further before getting in.  30k coming?   


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#134

Posted 19 June 2019 - 11:42 PM

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Some big ADs place lots of bids at the same price... and with COE so weak they decided not to secure the COE and wait for next round... this is interesting cos if bids < quota then COE = $1. Which means... theres no confidence in filling quota next round so this may be a sign that sales are weak and they need price to come down to get more ppl to showroom

This is the best music to our ear so far, hope everyone will materialise their new car dream cheap cheap
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#135

Posted 19 June 2019 - 11:53 PM

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The next quarter quota likely to be lower as de-registration in May continues to drop.

Degistration May 2019.PNG

Leading indicator of the COE supply is the revalidation of COEs which continues to go higher in April. I think May will also be the same as April.

revalidation april 2019.PNG

But some bros have rightly pointed out that those who renewed their COE will not go book a new car, resulting in less demand for new car.
By the way if you go add up the revalidatioon of cat A and cat B 5 years and 10 years respectively, the sum of 4 months are more than or close to the 12 months total of 2018 in their respective groups.

Edited by Ct3833, 19 June 2019 - 11:56 PM.


#136

Posted 20 June 2019 - 01:02 AM

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But some bros have rightly pointed out that those who renewed their COE will not go book a new car, resulting in less demand for new car.
By the way if you go add up the revalidatioon of cat A and cat B 5 years and 10 years respectively, the sum of 4 months are more than or close to the 12 months total of 2018 in their respective groups.

And since some revalidate early. It will reduce the number of dereg car up to 1year from now. Thus shrinking pool of quota released in 2009 and 2010 vs the prior years, will shrink further as maybe only 70% gets recycled to new quotas now.

So the drop in coe quota is a sure thing, the only unknown is if demand will drop by the same amount or more to cause prices to slide.
Population number vs 10years ago is higher. So it will be unrealistic to have coe drop to the teens in the 2006-2008 era. But who knows.
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#137

Posted 20 June 2019 - 09:11 AM

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The next quarter quota likely to be lower as de-registration in May continues to drop.

 

attachicon.gifDegistration May 2019.PNG

 

Leading indicator of the COE supply is the revalidation of COEs which continues to go higher in April.  I think May will also be the same as April.

 

attachicon.gifrevalidation april 2019.PNG

the number of ppl renewing for 10 yrs is sky high!! omg unbelievable ..that's a big number compared to those renewing for 5 yrs!

 

It is really alot leh!


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#138

Posted 20 June 2019 - 10:05 AM

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honestly..doesn't seem that ppl are giving up driving...just appears they are more prudent with their money and are going for coe renewals rather than a new car....looking at the re-validations of COE...

 

so it will be a chicken and egg story on upcoming coe quota ...as for car price..it really depends liao...


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#139

Posted 20 June 2019 - 10:13 AM

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the number of ppl renewing for 10 yrs is sky high!! omg unbelievable ..that's a big number compared to those renewing for 5 yrs!

 

It is really alot leh!

 

CAT B cars parf value high specially for conti cars so they want to use maximum of parf value and go for 10 year 


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#140

Posted 20 June 2019 - 10:17 AM

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CAT B cars parf value high specially for conti cars so they want to use maximum of parf value and go for 10 year 

hmm wont you want take that high paper value and go for another ride? since car prices not that 'high' now


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