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Higher COE quota for small cars, motorcycles

Ithunk

By Ithunk,
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Ithunk

Ithunk

1st Gear

Singapore - There were reasons to cheer for those looking to buy a 1,600cc car or a motorcycle, as the Certificates of Entitlement (COE) supply for the August to January period was released yesterday.

 

The monthly quota of COEs in these categories will be increased for the six-month period: There will be 1,096 COEs each month in the small car category, or 76 more per month compared with the previous six-month period. For motorcycles, there will be 775 COEs each month, or 124 more COEs each month.

 

However, buyers of larger cars, goods vehicles and buses are likely to face stiffer competition over the next six months, due to a fall in the COE supply.

 

There will be 706 COEs for cars larger than 1,600cc, 141 fewer than the previous allocated quota. The goods vehicle and buses category will see 68 fewer COEs over the next six months.

 

Overall, COE supply for the next six months remained relatively stable with 3,721 COEs available each month.

 

The COE quota comprises three components: Provision for 1.5 per cent vehicle growth based on the vehicle population as at end December last year; replacement COEs for vehicles deregistered between January and June this year, and adjustment for over-projections of vehicle de-registrations between 2008 and 2009.

 

Motor dealers Today spoke to said they do not expect COE prices to cool off anytime soon. Mr Ron Lim, general manager for Nissan agent Tan Chong Motor, noted that the 7-per-cent increase in the smaller car category is "marginal" compared with the "drastic" 16-per-cent fall seen in the larger car category. "We expect the continental car dealers to enter the smaller cars category and add pressure to the bidding," Mr Lim said.

 

For the larger cars, Singapore Vehicle Traders' Association's honorary secretary Raymond Tang noted that the demand for luxury continental brands is still strong and expects premiums to breach the S$70,000 mark in next week's bidding. "COE prices will keep going up as there aren't enough COEs to go around," Mr Tang said.

 

The next COE quota announcement - for the COE bidding period from February to July next year - will be made in January. The Land Transport Authority said the 1.5 per cent vehicle growth rate, which is valid for three years from 2009 to this year, is under review.

 

It will announce the growth rate from next year once the review is completed.

 

source

http://www.todayonline.com/Singapore/EDC11...rs,-motorcycles

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Aaronlkl

Aaronlkl

Supersonic
(edited)

http://www.channelnewsasia.com/news/singapore/coe-premiums-for-motorcycles-hit-record-high/3596672.html?cid=fbcna

 

COE premiums for motorcycles hit record high

 

SINGAPORE: Certificate of Entitlement (COE) premiums ended mostly higher in the latest bidding exercise on Wednesday (Mar 15), with the premiums for motorcycles hitting a record high.

 

Motorcycle premiums closed at S$7,483, higher than the S$6,801 in the last exercise and topping the previous high of S$6,889 last January by almost S$600. 

 

A new tiered tax system for motorcycles was announced during the Budget statement last month, making it more expensive to purchase high-end motorbikes.

 

COE prices for cars went up as well. Category A premiums - for cars up to 1,600cc and 130bhp - closed at S$50,789, up from S$49,430 in the previous bidding exercise.

 

Premiums for larger and more powerful cars in Category B saw the biggest increase, closing at S$53,300, up from S$50,621 last month.

 

Open category COEs, which can be used for any vehicle type but are mainly used for big cars, closed at S$53,001, up from S$51,000.

 

COEs for commercial vehicles, which includes goods vehicles and buses, fell to S$49,002 from S$49,810 in the last exercise.

A total of 7,013 bids were received in this round of bidding, with a quota of 4,452 COEs available. 


 

 

 

 

Edited by Aaronlkl
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leehock13828

leehock13828

2nd Gear

Besides the causeway and 2nd link, has anyone seen a traffic jam cause by motorbikes? [confused][confused][confused]

 

Can anyone kindly enlighten me? :that-dood-is-up-to-something:

Of course have. The more bikes on the road, the more fatalities you have. This indirectly create traffic jams. One fatality can block 2 to 3 lanes for 4 hrs as investigation needs to be done on scene of death
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Aaronlkl

Aaronlkl

Supersonic
(edited)

Of course have. The more bikes on the road, the more fatalities you have. This indirectly create traffic jams. One fatality can block 2 to 3 lanes for 4 hrs as investigation needs to be done on scene of death

 

So base on ur theory, smokers should pay CEVS surcharge or rather a pollution surcharge? [laugh]  [laugh]  [laugh]  [smash]

Edited by Aaronlkl
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TangoElite

TangoElite

6th Gear

Besides the causeway and 2nd link, has anyone seen a traffic jam cause by motorbikes? [confused]  [confused]  [confused]

 

Can anyone kindly enlighten me? :that-dood-is-up-to-something:

 

 

of course not in SG, because bikes takes up 15% of the total vehicle population, cars takes up 70%

 

 

bikes can cause jam as well

 

look at HCMC and tell us if you prefer our roads to have 70% bikes, 15% cars or  15% bikes 70% cars

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Aaronlkl

Aaronlkl

Supersonic

of course not in SG, because bikes takes up 15% of the total vehicle population, cars takes up 70%

 

 

bikes can cause jam as well

 

look at HCMC and tell us if you prefer our roads to have 70% bikes, 15% cars or  15% bikes 70% cars

 

Well u are right in a way on HCMC traffic condition.

 

Since SG gov discouraged cars ownership, and the trains aren't even reliable to begin with, 

 

Motorbikes are a good alternative to ease traffic congestion rather than bicycles and PMDs...

 

1st world back to 3rd world? [confused]

 

Maybe there are a set taxes involving bicycle and PMDs in the pipeline? [lipsrsealed]  [lipsrsealed]  [lipsrsealed]

post-25667-0-72967700-1489633447.jpg

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DACH

DACH

Supersonic

Well u are right in a way on HCMC traffic condition.

 

Since SG gov discouraged cars ownership, and the trains aren't even reliable to begin with, 

 

Motorbikes are a good alternative to ease traffic congestion rather than bicycles and PMDs...

 

1st world back to 3rd world? [confused]

 

Maybe there are a set taxes involving bicycle and PMDs in the pipeline? [lipsrsealed]  [lipsrsealed]  [lipsrsealed]

Become second North Korea.

 

If rain or above 30 degrees hot weather, can stay at home and sleep. 

 

 

 

http://www.channelnewsasia.com/news/singapore/coe-premiums-for-motorcycles-hit-record-high/3596672.html?cid=fbcna

 

COE premiums for motorcycles hit record high

 

SINGAPORE: Certificate of Entitlement (COE) premiums ended mostly higher in the latest bidding exercise on Wednesday (Mar 15), with the premiums for motorcycles hitting a record high.

 

Motorcycle premiums closed at S$7,483, higher than the S$6,801 in the last exercise and topping the previous high of S$6,889 last January by almost S$600. 

 

A new tiered tax system for motorcycles was announced during the Budget statement last month, making it more expensive to purchase high-end motorbikes.

 

COE prices for cars went up as well. Category A premiums - for cars up to 1,600cc and 130bhp - closed at S$50,789, up from S$49,430 in the previous bidding exercise.

 

Premiums for larger and more powerful cars in Category B saw the biggest increase, closing at S$53,300, up from S$50,621 last month.

 

Open category COEs, which can be used for any vehicle type but are mainly used for big cars, closed at S$53,001, up from S$51,000.

 

COEs for commercial vehicles, which includes goods vehicles and buses, fell to S$49,002 from S$49,810 in the last exercise.

A total of 7,013 bids were received in this round of bidding, with a quota of 4,452 COEs available. 

 

:scared:

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