COE Predictions

[hachi]

It does not benefit them when car prices lowered.. The commission on loan. Simple as that, they would bid as high as the market would pay..

 

[superman]

tiagong they are artificially trying to maintain teh coe levels ? before phase 2 majority of teh dealers expected to drop below 20k but due to backlog it did notch...and now they still purposely “cut” juz to try and maintain....those go topup to getch coe already played into teh dealers hands

Ya, LTA trying to maintain current price so they spread out the 3 months of COE Quota to 12 months.

 

[messi1986]

Up or down in coming 3 months?

 

[bwaysaikryptonite]

It will come down slowly....see how long they can cum out wif new pattern to reduce quota or introduce sum new policy to make to maintain....maybe to help banks they will allow 90% loan then a lot of bbfa will go loan 90% to buy car pushing up teh COE

 

[hachi]

It will come down slowly....see how long they can cum out wif new pattern to reduce quota or introduce sum new policy to make to maintain....maybe to help banks they will allow 90% loan then a lot of bbfa will go loan 90% to buy car pushing up teh COE

$1 drive away with 10 years loan. 2009 they chut this pattern, upfront buying a motorcycle still need 10%, cars were easier to buy..

 

[hwmook]

It does not benefit them when car prices lowered.. The commission on loan. Simple as that, they would bid as high as the market would pay..

That's right so you just see the price those car dealers are selling at will roughly know COE trend. It will likely continue to go down slightly. Demand is not picking up.

 

[tortoise18]

That's right so you just see the price those car dealers are selling at will roughly know COE trend. It will likely continue to go down slightly. Demand is not picking up.

The car prices adjusted already.
Likely to go up abit

 

[Searingmage]

The car prices adjusted already.
Likely to go up abit

I don't think there's any price adjustment as compared to the price after 1st July bidding..
All the price seems to maintain.
Some, in fact decrease their prices.

What I observe which is slightly worrying is Kia initially reduced their price, then revert back to the price post 1st bidding.

 

[bwaysaikryptonite]

I don't think there's any price adjustment as compared to the price after 1st July bidding..
All the price seems to maintain.
Some, in fact decrease their prices.

What I observe which is slightly worrying is Kia initially reduced their price, then revert back to the price post 1st bidding.

They are all trying to maintain their selling prices and margin in a bid to maintain COE prices....

 

[tortoise18]

I don't think there's any price adjustment as compared to the price after 1st July bidding..
All the price seems to maintain.
Some, in fact decrease their prices.

What I observe which is slightly worrying is Kia initially reduced their price, then revert back to the price post 1st bidding.

No lei. I asked the SE still $78k for the EX trim. Where did you see this increase?

 

[Searingmage]

No lei. I asked the SE still $78k for the EX trim. Where did you see this increase?

I'm talking about listed price.

https://www.sgcarmart.com/new_cars/newcars_pricing.php?CarCode=12334

You can click "view price history".

For KIA Cerato L variant:

$80,999 with COE 28-Jul-2020 $32,699 (CAT A)
$79,999 with COE 24-Jul-2020 $32,699 (CAT A)
$80,999 with COE 10-Jul-2020 $33,520 (CAT A)
$80,999 with COE 03-Apr-2020 $31,210 (CAT A)
$83,999 with COE 10-Mar-2020 $32,699 (CAT A)

Of course, final sales price could be different.

Also, weren't you the one that says price adjusted (upwards?) already?

 

[tortoise18]

I'm talking about listed price.

https://www.sgcarmart.com/new_cars/newcars_pricing.php?CarCode=12334

You can click "view price history".

For KIA Cerato L variant:

$80,999 with COE 28-Jul-2020 $32,699 (CAT A)
$79,999 with COE 24-Jul-2020 $32,699 (CAT A)
$80,999 with COE 10-Jul-2020 $33,520 (CAT A)
$80,999 with COE 03-Apr-2020 $31,210 (CAT A)
$83,999 with COE 10-Mar-2020 $32,699 (CAT A)

Of course, final sales price could be different.

Also, weren't you the one that says price adjusted (upwards?) already?

For PI. AD brought down.

 

[Searingmage]

For PI. AD brought down.

Anyway, based on my observation, ADs price are always reactionary. They're (almost) never proactiv, at least historically..

 

[bwaysaikryptonite]

salesman all dying for comms lately but ADs don’t want to lower their margin...all hoping for impulsive and desperate buyers...

 

[joenss11]

salesman all dying for comms lately but ADs don’t want to lower their margin...all hoping for impulsive and desperate buyers...

yup agreed. waiting for this group of pple to finish their shopping. got to wait for a few more months

 

[ping_ping_pong]

Any prediction for tomorrow?

 

[jumpmanz]

They wont let the COE market crash

Sent from Molten GG7X Basketball using GAGT

 

[sfugel]

Any prediction for tomorrow?

It will be like Superman.....Up Up And Away!

 

[ping_ping_pong]

It will be like Superman.....Up Up And Away!

Ya man the news on 0% vehicle growth would drive COE price up right?

 

[BuGGi3]

Ya man the news on 0% vehicle growth would drive COE price up right?

It's old news. 0% growth since 2018.

Truth is, are there real demands in the market?