Cat A COE - $2!
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Cat / Price / Quota / Bid
A Car (1600cc & below) &Taxi 2 1,851 1,852
B Car (Above 1600 cc) 4,889 1,100 1,181
C Goods Vehicle & Bus 6,189 282 368
D Motorcycle 1,012 410 512
E Open 6,889 757 1,027 -
http://www.oneshift.com/pdb/coed.php?coeid=102&prevcoeid=101&cb=%2Fpdb%2Flcoe.php
WTF how come $2 only? error or something??
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Some say this is a sign that a terrible recession is upon us.
$2 COE.
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Originally posted by charlize:
Some say this is a sign that a terrible recession is upon us.
$2 COE.
is this for real? means a car like say Honda Civic 1.8 which cost around 71-75k with COE now is 10k cheaper?
wtf?
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Originally posted by fatone:
http://www.oneshift.com/pdb/coed.php?coeid=102&prevcoeid=101&cb=%2Fpdb%2Flcoe.php
WTF how come $2 only? error or something??
No error. Supply and demand, 1852 bids for quota of 1851.
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Originally posted by fatone:
is this for real? means a car like say Honda Civic 1.8 which cost around 71-75k with COE now is 10k cheaper?
wtf?
................. Civic 1.8 is Cat B leh.
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Originally posted by fatone:
is this for real? means a car like say Honda Civic 1.8 which cost around 71-75k with COE now is 10k cheaper?
wtf?
It means not many people want to buy a car 1600cc and below.
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Originally posted by nightsky87:
................. Civic 1.8 is Cat B leh.
ooo paiseh my fault. thanks for pointing it out to me.
hmm time to hoot a 1.6 car liao
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Originally posted by fatone:
ooo paiseh my fault. thanks for pointing it out to me.
hmm time to hoot a 1.6 car liao
Yah lor
this weekend showrooms sure crowded liao.. -
wait a min...this includes RX8 also right? RX8 is considered 1.3 right
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Originally posted by fatone:
wait a min...this includes RX8 also right? RX8 is considered 1.3 right
yup! rx-8es have always been Cat A cars..
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Originally posted by nightsky87:
yup! rx-8es have always been Cat A cars..
thanks! so chao chao tml if i go down showroom can a RX8 close to 10k cheaper compared to last mth?
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...
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Originally posted by fatone:
thanks! so chao chao tml if i go down showroom can a RX8 close to 10k cheaper compared to last mth?
Not really 10k. Because the dealers will take into account that next COE Cat A will sure shoot up, so at most they will give a possible 5k-6k discount off the list price..
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Originally posted by nightsky87:
Not really 10k. Because the dealers will take into account that next COE Cat A will sure shoot up, so at most they will give a possible 5k-6k discount off the list price..
chao cheebye dealers
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Mazda RX-8
Honda Civic 1.6 or 1.3 Hybrid
Mitsubishi Lancer EX
Toyota Altis (racing edition!)
ALL BUY OKAY??
SGForums organise outing buy car boh?? -
Originally posted by sinicker:
Mazda RX-8
Honda Civic 1.6 or 1.3 Hybrid
Mitsubishi Lancer EX
Toyota Altis (racing edition!)
ALL BUY OKAY??
SGForums organise outing buy car boh??Cannot rah, COE bidding is a zero sum game. The more people buying cars, the higher the COE will rise - everyone will be worse off. But the less people buying cars, the higher the number of people will benefit (up to the level where quota = bid = $1 COE.) Hence the parato optimal is limited to the quota of COE, anything more than that and every player will be worse off.
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hurhur. confirm a lot of people will go.... "let's go tomorrow!" but tomorrow is too late already confirm plus chop.
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Originally posted by sinicker:
hurhur. confirm a lot of people will go.... "let's go tomorrow!" but tomorrow is too late already confirm plus chop.
Haha all the dealers probably working OT to come up with new price list.
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My 2 cents' worth.....
The reason why this month's COE price is $2 is because the number of bids submitted is around the quota, hence the number of bids is not large to cause a big jump in prices.
Hence, I feel the most a car dealer can deduct is $5000 per car. Because if they cut too much, there will be a strong influx of customers, as a result, they might risk being unsuccessful in their first few bids. COE will go up and the cycle repeats itself.
I don't really understand why we should be happy about this. Rather, the group of people who should be rejoicing are those who have bought their cars during the previous round of COE. Now that the COE has dropped, the dealers will refund the difference to them! Afterall, if we decide to buy now, the COE that we ultimately get will not be $2.
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its real!!!
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I watched the news.... There's 1 dealer who had 2 orders immediately after the news broke.
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Originally posted by lianamaster:
I watched the news.... There's 1 dealer who had 2 orders immediately after the news broke.
this doesnt shows how kiasu singaporeans are..
but how smart singaporeans are ^.^ -
They are certainly "smart".
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This will only benefit those who just book a car.