Worst Case: Cat A COE quota shrink by 65%

[Jolie888]

In today's ST: COE prices set to soar even higher.

Ho say liao, for those who already bought new car, or renewed COE car.

Others LLST till next year and continue to hope.

 

Worst case: 43% drop in overall COE supply.

Worst case: 65% shrinkage in Cat A COE supply.

Cat A COE projected to hit high $80,000 later this year.

 

Outcome:

- more Mercedes Benz and BMWs sold - continue to top charts

- C180K top Cat A seller, death of all other Cat A car sales

- rich will continue to upgrade and/or buy even more Cat B/E cars

 

Orbi good!

[Chrispie]

am i right to say that such cut in quota includes commercial vehicles? if so, wont that drive up the cost of say trucks etc, which in turn will increase freight or tpt costs.. and in the end possibly everything also more expensive..

 

of cos , gas prices always gg up anyway.

[SimonTan]

Die Liao....No chance to change car for many existing owners....worst for those first timers buyers.

 

But those who bought the C180 will be very very happy. Good price, cheap COE that will appreciate even higher when their car comes in May or June.

 

[West]

lesser COE is cos lesser cars were scrapped, mean lesser ppl changing cars, left those new car buyers.

 

likewise if there is a big surge in supply of COE, also means a lot more buyers of new cars,

isn't it?

 

[Redmouthfish]

The population has increased from 3.5 to 5.1 million since 2000, and yet the COE numbers remains the same. Obviously the COE will shoot sky high.

 

This is how our million dollars ministers plan ( or lack of ) ! Bring in so many FT but no increase in hdb and Coe.

[SimonTan]

The report highlighted that big cars deregistration was slightly higher.

While the small cars deregistration was very low.

It could mean big cars owners are changing cars like no la-sah. While the small cars owners are hanging onto their small cars due to unaffordability.

 

[Jolie888]

  On 4/14/2012 at 1:08 AM, West said:

lesser COE is cos lesser cars were scrapped, mean lesser ppl changing cars, left those new car buyers.

 

likewise if there is a big surge in supply of COE, also means a lot more buyers of new cars,

isn't it?

Reduced COE quota means sky high COE premia, means more and more existing owners cannot manage to upgrade their cars.

Means LL got to drive till 10 years

 

[SimonTan]

I think my jazz also LAN LAN have to drive 10 years based on this news.

 

[Jolie888]

  On 4/14/2012 at 1:27 AM, Redmouthfish said:

The population has increased from 3.5 to 5.1 million since 2000, and yet the COE numbers remains the same. Obviously the COE will shoot sky high.

 

This is how our million dollars ministers plan ( or lack of ) ! Bring in so many FT but no increase in hdb and Coe.

No, not remain the same.

MoT now actually cutting back on the COE quotas, to "correct" their mistake of releasing too many COEs a few years ago ... by a certain Mr. Raymond Lim - that led to <$10K COEs (the good times).

To make things worse is increasing population and high FT demand for cars.

 

Super double whammy - $150K Cat B COE coming soon!

 

[Mecontle]

this tucker confuse egg laying goose with singing parrot, no cargo truck how to sustain economy? DHL by bicycle? next time a noodle cost $50 due to high delivery cost

[Jp66]

  On 4/14/2012 at 2:02 AM, Jolie888 said:

Reduced COE quota means sky high COE premia, means more and more existing owners cannot manage to upgrade their cars.

Means LL got to drive till 10 years

Ya lor, I am one of them, another 6 years to go.

[Jp66]

  On 4/14/2012 at 2:05 AM, SimonTan said:

I think my jazz also LAN LAN have to drive 10 years based on this news.

Your jazz is less than 2 years old, right?

[Darryn]

Hard to imagine the Merc and Beemer are the two top selling brands.

 

COE price is insane!

 

Well, come 2016, if the price doesn't drop here's one owner who'll be giving up his car. No way am I paying $8k plus per year just for COS, before even taking into account PARF, parking, insurance, ERP and parking.

 

Would rather spend the money on toast!

 

[Jolie888]

  On 4/14/2012 at 1:28 AM, SimonTan said:

The report highlighted that big cars deregistration was slightly higher.

While the small cars deregistration was very low.

It could mean big cars owners are changing cars like no la-sah. While the small cars owners are hanging onto their small cars due to unaffordability.

Of course lah. Rich will continue to change their cars, even with high COEs.

 

Poor / marginal owners who manage to buy small cars, or OPC when COEs were <$10-15K previously, will hang on to their cars like gold.

Cos there will be no more opportunity for them to own cars after this.

They have been 100% marginalized!

 

Pity those who smash / wreck their cars and still have to LL pull out and panel beat, at the expense of their own safety.

 

By the time 10 year old, they probably cannot afford PQP of $80K to renew COE. Then forced to scrap and back to BMW lor!

 

 

 

 

[Jolie888]

  On 4/14/2012 at 2:09 AM, Jp66 said:

Ya lor, I am one of them, another 6 years to go.

Then what is your plan after that bro?

PQP by then proby $80K or more hor.

Renew COE for your 10-yr car - ai mai?

[Jolie888]

  On 4/14/2012 at 2:10 AM, Jp66 said:

Your jazz is less than 2 years old, right?

Ai yah, 8 years long time lah.

Maybe Raymond Lim voted back in by-election leh.

Then let the good times roll!

[Jolie888]

  On 4/14/2012 at 2:12 AM, Darryn said:

Hard to imagine the Merc and Beemer are the two top selling brands.

 

COE price is insane!

 

Well, come 2016, if the price doesn't drop here's one owner who'll be giving up his car. No way am I paying $8k plus per year just for COS, before even taking into account PARF, parking, insurance, ERP and parking.

 

Would rather spend the money on toast!

So bro, resort to BMW ah?

What happens when MRT and buses continue to be super packed and keep breaking down?

Don't forget population will be 6.5 million by then hor!

 

Welcome to the daily grind of 2016!

[Jp66]

  On 4/14/2012 at 2:18 AM, Jolie888 said:

Then what is your plan after that bro?

PQP by then proby $80K or more hor.

Renew COE for your 10-yr car - ai mai?

Anything can happen in 6 years, let's see.