Further Reduction in COE Quota from Feb 2011!!!

[Ticklish8]

If u look at COE history, buyers are price sensitive to a certain extent. Cat A max is around 50k....I don't think it will reach 60k. Bec at $50k, a cat A price will shoot above $100,000......

 

 

 

  On 11/16/2010 at 3:56 AM, Voxy28 said:

Yes.. I better quickly settle with the second car before the COE kaboomz to 60k.

 

[Ticklish8]

LTA will do their next review on their quota Feb 2012. I won't be surprise it they tweak it. Alternatively I can see the return of COE car if the price surge continue...

 

 

  On 11/16/2010 at 4:19 AM, Unfair said:

The rich upper class will have more free flowing roads due to ERP and COE as they will not feel the pinch.

 

I feel they are purposely squeezing out the peasants like me....

 

[Ticklish8]

If you look carefully at the prices, 2nd hand cars may look cheap.... but if you are more discerning these car do not offer "excellence" value especially for their paper values....

 

 

  On 11/16/2010 at 3:50 AM, Crazecow said:

Its only for now. But 2nd car prices also going higher and higher as well.

 

So we now are looking at a shift in the type of cars on the road. Luxury brands are getting more and more sales because many who could afford COE could afford those cars.

 

For those on a tigher budget, they will scrap by with a Jap or Korean car.

 

Then its also the end of those China made cars. People buy them because they are cheap. But now COE so expensive till people who want cannot afford. People who can afford wouldn't want to buy them. They rather go for better brands.

 

Then its also a shift of instead of more families owning 1 car. We have less families owning cars but owning 2 or more cars. Rich getting richer, poor getting poorer........

 

Well done! Well done! Gahment No.1!

 

[Kyrios]

Chinese New Year plus end of year bonus plus knee jerk reaction..what do you expect?

[Voxy28]

Just got off from my buddy who is car dealer.... used car flying off the shelves. But car price also not increasing, just that they earn more from vol. Crazy.... even 140k mileage also gone in a week.

[Forte3737]

expect COE CAT A prices to reach 40K

[Crazecow]

  On 11/16/2010 at 4:49 AM, Voxy28 said:

Just got off from my buddy who is car dealer.... used car flying off the shelves. But car price also not increasing, just that they earn more from vol. Crazy.... even 140k mileage also gone in a week.

 

140K is not high for a used car..... When I bought my MR2. It has over 200K already. Just need to spend more time and $$$ on replacing worn parts nia lor.

[Forrestcat]

Indirectly, this will put off people who are thinking of setting a small business.

Goods vehicle prices = up

Petrol/Diesel prices = up

Rent = up

This is only my opinion, no pun intended....

[Actan72]

looks I will drive my lancer for another 5 years to complete EOL..

Then decide from that moment..

[Laworder17]

I don't think the high COE will last that long....base on the age of the vehicle population, lots of vehicle will be reaching their 5-8yrs old age in 2-3 yrs time.... Alot of ppls tend to scarp their car by then. So COE might have a chance dropping back to less than 20k.

[Mustank]

Looks like great news

[Civic6228]

I have a simple logic ......

 

Buy high = sell high

 

Buy low = sell low

 

Unless first time buyers, you would want to buy low otherwise to me no difference.

 

IMO, as long as you are a exsisting car owner and changing car, there is not much impact.

 

 

 

 

[Jpcc]

  On 11/16/2010 at 3:50 AM, Crazecow said:

Its only for now. But 2nd car prices also going higher and higher as well.

 

So we now are looking at a shift in the type of cars on the road. Luxury brands are getting more and more sales because many who could afford COE could afford those cars.

 

For those on a tigher budget, they will scrap by with a Jap or Korean car.

 

Then its also the end of those China made cars. People buy them because they are cheap. But now COE so expensive till people who want cannot afford. People who can afford wouldn't want to buy them. They rather go for better brands.

 

Then its also a shift of instead of more families owning 1 car. We have less families owning cars but owning 2 or more cars. Rich getting richer, poor getting poorer........

 

I think this is a fair and realistic projection.

One possibility maybe the retirement age of baby boomer car owners.

If these car owners retire, they will scrap or convert to OPC to save on road tax.

 

Another worst case sceneario will be a pending recession. If people lose their jobs, most newer car owners (with max loans) will have difficulty servicing them and forced to sell. But I think by that time, our gahment will think of stimulus package and increase COE quota again :)

Though i think the social/economic structure will be different from 2004, 2005.