COE Bidding 2nd - July 2012

[Alechi]

The COE system is flawEd. if there is the kind of conviction similar to the time when a special committee was set up to review minister pay, then I dare say a good and relevant system alternative to the current COE system may emerge.

[Camrysfa]

did the regulators...

factor in the greying population and a proportion of them currently owning CatB will move into CatA due to drop in income. Pressure on CatA. CatA is not a useless sector. The cars are good enough and it saves the country money leaking out since we are importer of cars. so, this policy of cutting Cat A is quite silly.

 

for those who got COE this round.....

it will look nice/affordable/cheap, if CATA runaway to 100K and beyond.

 

good luck

[13177]

eh, my car 2003 but 32k COE.......can give me some incentive to deregister now?

Why need to de-register now? Only left about 1 more year to go, just drive until the last day of 10 year more worth than de-register now.

[Amazon777]

eh, my car 2003 but 32k COE.......can give me some incentive to deregister now?

 

My previous 2003 car with 30k Coe already scrap exported in late 2006. Now I intend to drive my 05 bimmer till scrap

Edited July 19, 2012 by Amazon777

[Timbuktu]

My previous 2003 car with 30k Coe already scrap exported in late 2006. Now I intend to drive my 05 bimmer till scrap

Yes, that's exactly what the LTA wants people to do.

Deregister and scrap early to free up COEs ... and then 'dig deeper down' into the used car market to diminish the high holding inventory (market capacitance) that is being held up in the used car compounds ... i.e. Unutilized COEs that are choking the system.

[Sk65]

yeah I am happy. got my COE

 

next few rounds sure cheong

 

Why i know :: Merc put in reserve bid for me at 92k

[13177]

Yes, that's exactly what the LTA wants people to do.

Deregister and scrap early to free up COEs ... and then 'dig deeper down' into the used car market to diminish the high holding inventory (market capacitance) that is being held up in the used car compounds ... i.e. Unutilized COEs that are choking the system.

Think this kind of theory only happen in sillypore. People are "required" to de-register their car before 5 years to free up COEs. I find economically quite wasteful since car is made to drive a very long time.

[Alvin89]

this is a ongoing cycle....

[13177]

this is a ongoing cycle....

Correct, just wait for the next cycle of low COE again. As COE can never be always high or always low.

[Adrianlim13]

for putting in bids,

 

cat b 92,

normal wat (historical high, just match the number only.... got expectation involved meh?)

 

if cat a 92

then i think its cheong mentality

 

True, but why would they put in so high if they never expect it to cheong? The more they bid, the lesser they earn cos the price of the car i bought was based on 82k coe price. Not a expert in this but my assumption is based on logical thinking .

 

Also, I was told Merc sold more the 100 cars over last weekend alone. BMW should also rank in impressive figures.

 

Come next bid, will be interesting.

 

 

[Ben5266]

Think this kind of theory only happen in sillypore. People are "required" to de-register their car before 5 years to free up COEs. I find economically quite wasteful since car is made to drive a very long time.

You are right. It is economically wasteful to deregister car in 5-6 years or less.

[Sk65]

True, but why would they put in so high if they never expect it to cheong? The more they bid, the lesser they earn cos the price of the car i bought was based on 82k coe price. Not a expert in this but my assumption is based on logical thinking .

 

Also, I was told Merc sold more the 100 cars over last weekend alone. BMW should also rank in impressive figures.

 

Come next bid, will be interesting.

 

no la

not expert too.

 

but using OMV x 2.3 + COE

 

taking reference from july 4th cat b number,

then bid historical high for july 18

 

the profit never decrease a lot la.

 

 

i would feel.... if they bid above historical high.

then its a more true reflection of the sentiments.

 

 

if not its only earn 30K or earn 26K

still earn right?

[Princey_anne]

People got their cars dirt cheap from 2002 to 2005?! Though COE should be dirt cheap from 2006 to 2009?! I think COE should be between 20K to 28K in 2002 to 2004 if i am not wrong?! Then from 2005 COE drop below 20K.

My 2001 car CAT A is 28k, later Coe down got a CAT B Coe in 2006 at 12k.

Now Coe up got CAT A Coe again last year. I only can remember the last three cars, the first few cars all second hand some without Coe yet.

 

But my 2001 car was de- registered so free up one COE but my 2006 car is being resold in the market no COE freed. ;)

Edited July 19, 2012 by Princey_anne

[Adrianlim13]

no la

not expert too.

 

but using OMV x 2.3 + COE

 

taking reference from july 4th cat b number,

then bid historical high for july 18

 

the profit never decrease a lot la.

 

 

i would feel.... if they bid above historical high.

then its a more true reflection of the sentiments.

 

 

if not its only earn 30K or earn 26K

still earn right?

 

Based on the formula listed , if accurate ,

 

CNC only make close to 20k by selling me the car. (have not minus off freebies and agt commission) . If really the case, I think its justifiable. as compare to bmw and audi

[Guniang]

if i m the minister i will nt let the COE to fall till all time low like in the past...i will still remain...

why do i wanna lower the COE and let history repeats itself with overcrowding of vehicles??

[RCoupe]

i hope it can rise rise rise.

 

u seeling yr car when COE high? then after you sell, consider an used car?

 

[RCoupe]

me too! i got my COE!

 

=D

 

And i haven sell my old car....so hope e spike in COE will come and push my old car price up...then i can sell it even higher and cover my new car!!

 

Shiok ah!!

 

If old car, people will sure calculate the purchase price when you brought the car and then depreciate per year. I sold my 6months car. Stingy Viewers came and offered $30k depreciate saying its norm for $30k off for first yr drive. even with coe ard $75k...

you may like to wait till coe cheong above $100k then u can sure make $$ to cover or drive free...

[Hosaybo]

How come people keep saying that it is the price of coe that leads to over crowding......it. It is the number of coe, not price. Price of coe is the indirect result of limited number. Gov should have never let it drop to the low level in the 04-09 period by releasing too much. If they were to control the number back then, we would prob see a more steady coe consistently in the range of at least 25K++ to 40K++ over these years. To correct now is too late (and not good for them to keep changing policy) so I guess they just gonna sit there (and collect lots of $$) and let the eventual scraping to bring the supply back.