July 2014 COE Biding

[Baal]

Actually the tsunami should xtend till 2019? Recalled late 2008/early 2009 was when coe <10k or even <5k.

[13177]

A car nearing its 10th year of usage will break down more frequently and if it involves major repairs costing a few thousands, many will just scrap their cars earlier, so many may not drive till end of life.

 

Cat A Last Qtr: 1011 This Qtr: 1143 +132 / +13%

Cat B Last Qtr: 966 This Qtr: 1010 +44 / +4.6%

Cat E Last Qtr: 586 This Qtr: 478 -108 / -18.4%

B+E Last Qtr: 1552 This Qtr: 1488 -64 / -4%

A+B+E Last Qtr: 2563 This Qtr: 2631 +68 / +2.7%

 

Cat A should slide further. B likely to move side way.

Don't know if only cars apply in sg or everywhere same? Seems like people mindset on car here is the car is consider old car when the car reached beyond 6-10 years?! I feel that a car still consider quite new even it is 10 year old, and wear and tear parts replacement is a part and parcel of a car lifespan lo. Personally don't think car is built to last only 10 years, regardless which make/model.

[13177]

 

 

for those regularly maintained, such as company cars, the company may choose to extend another 5 years COE because dollar and cent, it's still cheaper..

 

this is happening in my company. They just renewed 2 vehicle for 5 more years since they are in construction projects, and we can see that vehicles are needed to travel around different sites in Singapore..

Agreed, usually if cars are registered under company, regardless which make/model. During the current crazy high car price, company would rather use the 70-80k coe to renew their cars than buy a brand new car.

[Watwheels]

Actually the tsunami should xtend till 2019? Recalled late 2008/early 2009 was when coe <10k or even <5k.

 

Oh...just nice by 2019 MRT Thomson line open. Gahment wants you to take train and not buy car. LoL...

[Quantum]

Don't know if only cars apply in sg or everywhere same? Seems like people mindset on car here is the car is consider old car when the car reached beyond 6-10 years?! I feel that a car still consider quite new even it is 10 year old, and wear and tear parts replacement is a part and parcel of a car lifespan lo. Personally don't think car is built to last only 10 years, regardless which make/model.

nowadays technology any car can last more than 10 years, but always many ppls backside itch, usually 5 years above, they feel existing car so boring instead of malfunction, and cannot resist the new cars temptation, change cars, it's like man boring his wife after married years, this man's instinct

of course govt and cars' manufacturers encourage ppl do that and luanch new models every 5 years,

[Lincoln]

A car nearing its 10th year of usage will break down more frequently and if it involves major repairs costing a few thousands, many will just scrap their cars earlier, so many may not drive till end of life.

 

Cat A Last Qtr: 1011 This Qtr: 1143 +132 / +13%

Cat B Last Qtr: 966 This Qtr: 1010 +44 / +4.6%

Cat E Last Qtr: 586 This Qtr: 478 -108 / -18.4%

B+E Last Qtr: 1552 This Qtr: 1488 -64 / -4%

A+B+E Last Qtr: 2563 This Qtr: 2631 +68 / +2.7%

 

Cat A should slide further. B likely to move side way.

 

Quite surprised with the lower increase in combined quota for "A+B+E". Well, it might means that people are holding back new car purchases for as long as they can. It almost seems like existing owners are saying COE price is not low enough. Let it go much lower before I will changed my car. In addition, for those who had changed their cars, their old cars are being purchased as temporary solution for those waiting in the sidelines. Tsunami comes right after unusually low tides. No harm waiting.

[Baal]

 

Oh...just nice by 2019 MRT Thomson line open. Gahment wants you to take train and not buy car. LoL...

 

And then lower me down when ERP2 starts during 2020

[Baal]

Don't know if only cars apply in sg or everywhere same? Seems like people mindset on car here is the car is consider old car when the car reached beyond 6-10 years?! I feel that a car still consider quite new even it is 10 year old, and wear and tear parts replacement is a part and parcel of a car lifespan lo. Personally don't think car is built to last only 10 years, regardless which make/model.

 

Just look at Boleh lor. So many cars dating back to 90s.

 

Its the ARF rebate losses + wear & tear setting in + lau wa factor that compels many to change early.

imo, the ARF is the main coz. Oh & not to forget the increasing road Tax >10yrs.

 

Quite surprised with the lower increase in combined quota for "A+B+E". Well, it might means that people are holding back new car purchases for as long as they can. It almost seems like existing owners are saying COE price is not low enough. Let it go much lower before I will changed my car. In addition, for those who had changed their cars, their old cars are being purchased as temporary solution for those waiting in the sidelines. Tsunami comes right after unusually low tides. No harm waiting.

 

In this case, the Coe Tsunami will be negated by the Tsunami of new car buyers then?

 

If so, most likely like what T2 mentioned, ....about 50k & stabilize, assuming loan curbs remain.

[Quantum]

******Deleted*******

Edited July 16, 2014 by Quantum

[Bc75]

 

Quite surprised with the lower increase in combined quota for "A+B+E". Well, it might means that people are holding back new car purchases for as long as they can. It almost seems like existing owners are saying COE price is not low enough. Let it go much lower before I will changed my car. In addition, for those who had changed their cars, their old cars are being purchased as temporary solution for those waiting in the sidelines. Tsunami comes right after unusually low tides. No harm waiting.

Certainly those people holding on to their 6/7/8 years old car should be mostly those average income and the current new car price is too insane to jump in. Most of them would have bought their car at 50% or lesser compared to current price. They will wait as long as they can for the next tsunami. Hopefully when tsunami comes, most would have save enough for the 50% down payment.

 

For those ultra rich, Coe price would not affect them as they can change car whenever they like.

[Voodooman]

Don't know if only cars apply in sg or everywhere same? Seems like people mindset on car here is the car is consider old car when the car reached beyond 6-10 years?! I feel that a car still consider quite new even it is 10 year old, and wear and tear parts replacement is a part and parcel of a car lifespan lo. Personally don't think car is built to last only 10 years, regardless which make/model.

It is not a mindset, it is driven by the 10 years COE lifespan. Would you spend monies on a car that is going to be scrapped in 6 months time?

 

Anyway, cars are definitely build to last more than 10 years, almost every parts can be replaced.

[darth_vader_]

people who scrap their cars need to buy a new or 2nd hand car for replacement, unless no money.

can a drug addict stop taking drugs ?

what is the population of Singapore in 2005 and 2006 ?

do you know the current population as of july 2014 is 5.5 million ?

1st time car buyers together with replacement car buyers = higher demand.

Edited July 16, 2014 by darth_vader_

[Ahchek]

LTA announced quota for Aug-Oct 14. Cat A increased by 394 and Cat B increased by 115.

 

Checked from LTA statistics, nos. of cars deregistered for Cat A in Apr-Jun 2014 was 3,909

 

But, COE bidding for during period Apr-Jun 2004 average was around 3800/month, total 11400

 

Understands there were taxi in Cat A, which nos. around 1500.

 

So, simple maths, 11400-1500=9900

 

Does that means there are about 9000 ars in Cat A didn't deregistered? There are so many peoples willing to extend their COE? Understand COE not able to get loan, how these people afford without loan?All hard cash?????

 

Or... is there anything I missed out in the "simple maths"???

 

[darth_vader_]

extend 5 years cannot meh ?

borrow ah long cannot meh ?

[Quantum]

LTA announced quota for Aug-Oct 14. Cat A increased by 394 and Cat B increased by 115.

 

Checked from LTA statistics, nos. of cars deregistered for Cat A in Apr-Jun 2014 was 3,909

 

But, COE bidding for during period Apr-Jun 2004 average was around 3800/month, total 11400

 

Understands there were taxi in Cat A, which nos. around 1500.

 

So, simple maths, 11400-1500=9900

 

 

Does that means there are about 9000 ars in Cat A didn't deregistered? There are so many peoples willing to extend their COE? Understand COE not able to get loan, how these people afford without loan?All hard cash?????

 

Or... is there anything I missed out in the "simple maths"???

 

The only explanation is LTA doesn't do COE one to one replace, which means LTA intend to decrease car population,

[Baal]

http://www.usedcarloan.com.sg/car-financing/coe-renewal-car-loan/

 

http://info.maybank2u.com.sg/personal/loans/car-loan/car-loan.aspx

 

 

Maybe they used the above extend 5yrs to wait at the side lines for the Tsunami.

[Picanto]

Raymond tang say car prices will not drop much

[L23]

Raymond tang say car prices will not drop much

WRONG!!

 

He say car prices will rocket high!!

Buy now if you can...