March 2013, Round 1 COE Bidding Results

[dtctan]

CAT A: $74,689.00 (-$3,612.00)
CAB B: $58,090.00 (-$34,577.00)

Those cash rich are smiling their way to the Authorised Dealer liao loh

[leonmike]

Something is very wrong with the COE system here.....

[Ken3]

kaoz... cat b cheaper than cat a... might as well buy bigger cc car... sigh...

[dtctan]

Well I think this is the 1st time ever CAT B is cheaper than CAT A

[ac_wong75]

To me this looks like a once off incident. potential for the CAT to remain high is perhaps due to the last min bidding to clear the back logs of all chaps who decied to pull the car trigger before the loan rules kick in..... as for the CAT B side the drop in CE is merely offset by the higher ARF no?

[skydweller_sg]

get ready to change car

Thats my expectation for things to come in the next few months

catB to be $40k to $50k
CatA to be$25k to $35k

[Mr. B]

Seems that it is a good time in getting a new car if COE drops by $40-50K. Any car-guru here is able to share how much would the increase in ARF be for a porsche panamera?

[Watcha]

Nope it is not.

It has happened before.
Afterwhich CatB dropped further and Cat A totally crumbled.

Thats my expectation for things to come in the next few months

catB to be $40k to $50k
CatA to be$25k to $35k

That will be my reorder level.

[wolfeyes1974]

Seems that it is a good time in getting a new car if COE drops by $40-50K. Any car-guru here is able to share how much would the increase in ARF be for a porsche panamera?

Entry Level Porsche 911 3.8L OMV average is $132, 053. And we are not even going to talk about Lambo or Ferraris where their OMV are in ranges of $350,000 and up. This translate to an ARF of $20,000 for the first Tier of OMV of 100% , $42,000 on the second tier between $20,001 to $50000 range at 140% , and a whopping $147,695 on the last tier for the remainer amount at 180%.


Effectively, the new ARF for a Porsche now is $209,695, a good $77,000 increase from what it was before.

[Dfive]

Something is very wrong with the COE system here.....

Yah it's cause only country that has it no ? :s

[Dfive]

Panamera OMV would be lesser at around $100k++
So that is why my guess is for COEs to drop below $50k easily.

got a 1/18th scale model one for $300... women love it ! ohhh yeah !!

[dtctan]

Well, I think will have observe for a few more round and hope the COE will drop further

[skydweller_sg]

that's on everyone's wishlist this year

[dtctan]

Ideally Cat A should not be more than 20k and Cat B should be around 35-40k .. Lets keep finger cross

[lthg25]

With the current road conditions, I hope the rate of increase of vehicle numbers continue to be in control. No point having cheap COE when there is traffic jam on every highway.