COE - April 2010 2nd bidding exercise

[Swataction]

yes, i am a driver now, i bought my car when the coe is 26k+, if i need the car,no matter wats the coe price, i will still buy if its still within my affordability.

 

basically it is the willing to pay for the price of ur need & wants.. i said i "welcome" it becos at a reasonably high price, it will really differentiate those who jus wan a car from those who need a car, irregardless of price.

 

example, if u need to plastic surgery cos u r disfigured, no matter wat price u will still go right, not dictated by price.. but for those who want to go for a plastic surgery for enhancement which is not a must, u will consider twice whether the price is justifable right? of cos for those who are rich, it doesn't matter.

 

hence i think the recent hike in coe price did help to deter some who just want to have a car from entering the market. i do have a friend who bought a car recently despite the hike cos he need a car to work.

[Fishman]

keep it reasonably high to stop more OPC on the road.. not sure if u guys noticed, too many red plate on the road after 7pm and on weekends..

 

Your logic seems contradictory. With COE supply fixed, if COE is high, less OPC = more normal plates. More normal plates relative to OPCs means more cars on the roads ALL DAY.

 

Given the same number of COE quota, you should be happier if COE drops, leading to an increase in OPC at the expense of normal plates.

[Hermitage]

I guess u must have a been a vehicle owner to say this. wat if after yr coe expired n the coe is still at 30k, will u still 'welcome' it?

 

Exactly! 'Cos I'm seriously thinking of keeping my car for life

 

WTH is this crap about having to donate tens of thousands to the gov just because I wanna continue driving my car?! I bought the car, I paid for the 'Entitlement' paper, so it's MY car right?? Why can't they just leave me alone to drive it for as long as I wish? It's MINE afterall :angry:

[Swataction]

u r basing on the assumptions that all coe will be taken up at all prices (perfectly inelastic demand).

 

when price of coe is high, demand or bid for new coe come down. hence few new cars (both opc & normal plate) are registered. we can see that this is true when the coe recently soar to above 40k.

 

back then in the 90s, when coe is high, there are fewer cars on the road. so i dun think demand for car is perfectly inelastic. there will still be new cars registered but then lesser.. at least those that dun need a car will consider before making a purchases. hence, will help to control the growth of car population

 

if coe is too low, every tom,dick, harry will buy car since it so cheap and cause more congestion. in my opinion, ppl that buy opc car do not really have the real need for a car,basically its more for the "feel good" reason. for me, i normally drive during weekday cos my job require it and during weekend i will take public transport cos' there are jus too many opc on the road causing congestion. if u drive on cte during sat/sun, u can notice that opc is ard 30% of the cars struck in the jam.

 

ERP will be next to come into play to allocate road resources, if u wan to use the faster/shortest route, u have to pay. u can always go by the longer route if u can afford to spend more time on road. whether we like it or not, erp rate & gantries will continue to grow.

 

 

[Hermitage]

u r basing on the assumptions that all coe will be taken up at all prices (perfectly inelastic demand).

 

when price of coe is high, demand or bid for new coe come down. hence few new cars (both opc & normal plate) are registered. we can see that this is true when the coe recently soar to above 40k.

 

back then in the 90s, when coe is high, there are fewer cars on the road. so i dun think demand for car is perfectly inelastic. there will still be new cars registered but then lesser.. at least those that dun need a car will consider before making a purchases. hence, will help to control the growth of car population

 

if coe is too low, every tom,dick, harry will buy car since it so cheap and cause more congestion. in my opinion, ppl that buy opc car do not really have the real need for a car,basically its more for the "feel good" reason. for me, i normally drive during weekday cos my job require it and during weekend i will take public transport cos' there are jus too many opc on the road causing congestion. if u drive on cte during sat/sun, u can notice that opc is ard 30% of the cars struck in the jam.

 

ERP will be next to come into play to allocate road resources, if u wan to use the faster/shortest route, u have to pay. u can always go by the longer route if u can afford to spend more time on road. whether we like it or not, erp rate & gantries will continue to grow.

 

Back in the 90s, there were far fewer people too! That's one reason why the car population was considerably less back then.

 

So what about people like me who wanna keep their cars for life? How is this COE system fair to us?? We're not causing more congestion by wanting to keep & maintain our cars, yet we're being penalised by this idiocy known as the COE

[Swataction]

aren't we allowed to renew our coe based on the 3mth avg COE QP now? we are so call given some "incentive" to keep our old car.

 

anyway, attrition is also a way to control car population, current car owners may not really need a car too, just happened that they bought the car during the low coe period. but once 10yrs is up, they will then have to reconsider whether they really need a car or want to continue enjoying having a car. then there is a price to pay for enjoyment.

 

though i myself also wish to pay low for my car if possible but then think again wats the point of having a car when i will have to spend hours on the road when car population is not control. i.e. phillippines & thailand. cars are cheap but then the jams are horrible.

 

anyway i m not a spokesman for LTA or wat. but as a consumer, i personally feel its fair and its the price i have to pay for owning a car.

 

 

[Booboon]

yes, i am a driver now, i bought my car when the coe is 26k+, if i need the car,no matter wats the coe price, i will still buy if its still within my affordability.

 

basically it is the willing to pay for the price of ur need & wants.. i said i "welcome" it becos at a reasonably high price, it will really differentiate those who jus wan a car from those who need a car, irregardless of price.

 

example, if u need to plastic surgery cos u r disfigured, no matter wat price u will still go right, not dictated by price.. but for those who want to go for a plastic surgery for enhancement which is not a must, u will consider twice whether the price is justifable right? of cos for those who are rich, it doesn't matter.

 

hence i think the recent hike in coe price did help to deter some who just want to have a car from entering the market. i do have a friend who bought a car recently despite the hike cos he need a car to work.

But then again, who are u and me to judge if a person owned or need a car? Just becos OPC = wants a car. Normal plate = need a car?

[Fishman]

My assumption is: All COE will be taken up, price of COE is irrelevant as far as the TOTAL number of new cars on the road, OPC or Normal, is concerned. Just because OPCs have red plates making them stand out doesn't mean that they add on to the congestion during off-peak hours and weekends.

 

If COE is high, it means that those COE that would have otherwise been taken up by OPCs are now being taken up by normal plates, which also add on to congestion during both peak and off-peak hours!

 

If COE is low, if means that there is less demand for new cars, but because all COE is taken up, the total number new cars will still be the same. Since low COE = more OPCs, it also means fewer normal plates = fewer new cars during peak hours and same number of all new cars during off-peak hours.

 

Which, in summary, means it is better to see more OPCs than fewer of them at any time.

[Picanto]

low coe does not equate to more opc.

[Laworder17]

Hope that this ppls will continue to stay out of the market till the COE drop further to about 20k range.

 

http://motoring.asiaone.com/Motoring/News/...426-212373.html

[Swataction]

hopefully coe maintain status quo, if not jialat more cars on the road and govt will implement more erp gantries and hike the rate..