COE- November 2010 1st Bidding Exercise

[Coupecabriolet]

COE increase is good for people who has just bought car recently but bad for those who wants to buy one soon.. Or have a change

[Crazecow]

COE up up again!!

 

Singapore pools should allow us to bet for the final COE amt etc.....It will be damm fun.

 

Then can see how "market forces" jack up COE prices. I don't believe in market forces. All these COE prices are controlled one.

[SimonTan]

Got news say the car association and dealers are worried for the further quota cut in march2011.

More AD will have to cut SE. Lesser car sales means AD will order less cars from factory, IF the factory allows them to reduce the orders then its good.

What if lhe factories impose minimum orders, and the AD can't sell all?

 

I think gov will listen to the dealers and give us a surprise in march2011! Not forgetting erection might also be around that time.

[Kangadrool]

Got news say the car association and dealers are worried for the further quota cut in march2011.

More AD will have to cut SE. Lesser car sales means AD will order less cars from factory, IF the factory allows them to reduce the orders then its good.

What if lhe factories impose minimum orders, and the AD can't sell all?

 

I think gov will listen to the dealers and give us a surprise in march2011! Not forgetting erection might also be around that time.

 

Erection most likely year end, school holidays.

[Timex1441]

Got news say the car association and dealers are worried for the further quota cut in march2011.

More AD will have to cut SE. Lesser car sales means AD will order less cars from factory, IF the factory allows them to reduce the orders then its good.

What if lhe factories impose minimum orders, and the AD can't sell all?

 

I think gov will listen to the dealers and give us a surprise in march2011! Not forgetting erection might also be around that time.

 

i doubt the govt will listen to the dealers....their bigger agenda is more important than keeping the dealers happy

[Kangadrool]

Not much diff to dealers (those who can survive) whether COE quota is 1,000 or 100 per month. The COE premium (even at $100K) will be passed on to buyers and they can just mark up more probably $50K for a bread&butter 1.6L car. Sell less but profit margin increased.

Edited November 3, 2010 by Kangadrool

[Jolie888]

YESSSS!!!!

 

That was what I had predicted, with reduced quota (with yet another round of reduction expected in 1Q2011), projected population increase with more FTs and new PRs/citizens ... who expect to drive - long-term lease, or otherwise.

 

In addition, LTA may further reduce the incremental growth of COE quotas, down from 3%/year to 1%/year, to even negative growth, if the ERP increases continue not to show any abatement in peak hour congestion at the expressways.

 

This will also stem a lot of existing car owners from selling off or de-registering their cars, which will further exacerbate the number of COEs that can be ploughed back into the market.

 

I am sure glad that I bought my third car (OPC) recently.

[Jolie888]

Not much diff to dealers (those who can survive) whether COE quota is 1,000 or 100 per month. The COE premium (even at $100K) will be passed on to buyers and they can just mark up more probably $50K for a bread&butter 1.6L car. Sell less but profit margin increased.

 

Of course there will be a difference to the dealers.

 

The total number of new cars that can be sold by all dealers will be = to the number of COE quota made available each month.

 

So for instance, if the COE quota was (say) 1000/month previously and is now only 300/month, this means that the total pie has become smaller and each dealer can only sell his market share.

 

For example, if C&C has a market share of 20%, they could have sold 200 cars per month previously, but now has to contend with selling only 60 cars per month. The only way to up revenue is then to increase their market share.

 

[Carnut]

Used car dealers will rejoice. Have to get use to the cycle.

[Sabretan]

Yep...it is indeed a cycle....COE goes sky high...then drop to rock bottom...then goes sky high again...but the current high stll not as high as in the early 2000s.

[Jpcc]

Initially, (3 months ago) I would have thought that PRs will not affect car demand but I changed a bit of my view nowadays.

 

Angmo may not drive to work, but if he is relatively senior, (e.g. got car allowance) and has a family, it is possible that he get a car for his wife to drive. I may see less angmos driving to work in Shenton Way, but it is getting common to see wife

driving to cold storage or ferrying hubby to mrt station or office.

 

Newly settled Chinese PRs may still struggle with their rentals. But those who stayed here for 5 years or more, or are financially sound before coming here (and there are quite a substantial number) are willing to pay. The new generation Chinese nationals (post 60s) are ready to splurge. But they do treat a car as a status symbol and use it as a tool

to generate more income.

 

Indians, I don't know enough to comment.

[W210k]

Initially, (3 months ago) I would have thought that PRs will not affect car demand but I changed a bit of my view nowadays.

 

Angmo may not drive to work, but if he is relatively senior, (e.g. got car allowance) and has a family, it is possible that he get a car for his wife to drive. I may see less angmos driving to work in Shenton Way, but it is getting common to see wife

driving to cold storage or ferrying hubby to mrt station or office.

 

Newly settled Chinese PRs may still struggle with their rentals. But those who stayed here for 5 years or more, or are financially sound before coming here (and there are quite a substantial number) are willing to pay. The new generation Chinese nationals (post 60s) are ready to splurge. But they do treat a car as a status symbol and use it as a tool

to generate more income.

 

Indians, I don't know enough to comment.

 

I can say that about 70% of the Indian FTs employed in my large MNC do drive.

Go to Serangoon Road on weekends and you can see many Indian FTs parking their cars along the side roads.

 

A property agent I spoke to recently mentioned that many Indian FTs are buying up District 10 property. Example, prime Astrid Meadows condominium has many Indian families there now ... slowly growing into an Indian community.

 

[Maroon5]

I can say that about 70% of the Indian FTs employed in my large MNC do drive.

Go to Serangoon Road on weekends and you can see many Indian FTs parking their cars along the side roads.

 

A property agent I spoke to recently mentioned that many Indian FTs are buying up District 10 property. Example, prime Astrid Meadows condominium has many Indian families there now ... slowly growing into an Indian community.

 

wah indians moving from tanjong rhu to D10...

[Maroon5]

YESSSS!!!!

 

That was what I had predicted, with reduced quota (with yet another round of reduction expected in 1Q2011), projected population increase with more FTs and new PRs/citizens ... who expect to drive - long-term lease, or otherwise.

 

In addition, LTA may further reduce the incremental growth of COE quotas, down from 3%/year to 1%/year, to even negative growth, if the ERP increases continue not to show any abatement in peak hour congestion at the expressways.

 

This will also stem a lot of existing car owners from selling off or de-registering their cars, which will further exacerbate the number of COEs that can be ploughed back into the market.

 

I am sure glad that I bought my third car (OPC) recently.

 

u forgot the marginal owners...act w the crazy traffic, increasing erps, higher insurance, other running costs etc...this grp of pple wil give up their cars...anyw as the COE diarrhea happened in 06 and 07, the next wave of dereg wil occur in 2013-2015 when these car start to hit deregistration age.

 

but tat said, its still good for you to get your car recently..

[Toapayohkid]

wah indians moving from tanjong rhu to D10...

 

and i heard singapore swimming club right there, more indians than before also.

Edited November 4, 2010 by Toapayohkid

[Doraemarc]

sometime i wonder y gahmen set the bidding period for COE to 3 days... when 30mins can settle everything.... bidding war only start from wed 1530hrs onwards only....

 

btw anybody know whether can retain current COE n change new car? juz wondering only... cos COE car owners would hv an option to scrap their cars instead of paying sky high COE nowadays... end of the day, scrap one n buy one using same COE is still zero growth wat.....

[Relagsingh]

u forgot the marginal owners...act w the crazy traffic, increasing erps, higher insurance, other running costs etc...this grp of pple wil give up their cars...anyw as the COE diarrhea happened in 06 and 07, the next wave of dereg wil occur in 2013-2015 when these car start to hit deregistration age.

 

but tat said, its still good for you to get your car recently..

 

u forgot carbon tax.

 

now u always see those cars with racing decals giving them extra 10bhp...

 

when carbon tax come, u'll see more stickers saying "blue", "hybrid", "bio-fuel"...

Edited November 4, 2010 by Relagsingh

[Maroon5]

u forgot carbon tax.

 

now u always see those cars with racing decals giving them extra 10bhp...

 

when carbon tax come, u'll see more stickers saying "blue", "hybrid", "bio-fuel"...

 

with "them" its all about $$, jus see how they cont to justify the diesel levies..i thk these bio-fuel, CNG wil kena in some ways how can have loopholes haha