Will COE be higher or lower by 2015 year end?

[7hm]

Notice that I don't start pushing out data unless people start spouting nonsense?

 

to me you just seem to like posting data... I mean, it's useful data, but anyway COE is such to me...

 

don't think it will go down and i give up trying to predict and just hope hope it will go down... though my heart and brain both feel it won't

i just voted on the Poll which asks for your input of the COE price by 2015 year end

Is it right for me to say

That those whom polled higher - already bought new cars over the last couple of years??

That those whom polled lower- have yet to get their wheels??

Just a thought though.

 

I haven't vote yet... haven't got wheels... want it to be lower but my mind thinks will be higher

[Yslim79]

It was all up 5k min.... amg up 10k since june list price

 

 

 

CEV for Jul onwards delivery? C and E grass for CnC shd be able to nego overtrade and car discount ...

 

Good luck !

[Jq1988]

sure going higher...wait and see the drama soon!

[Forte3737]

Higher coe prices .Because replacement demand is super duper high

[Limwsv]

Showroom floor traffic must have been very bad last weekend for all the bulls to come out again. Should see downtrend revision of car prices this coming weekend.

 

 

Edited June 29, 2015 by Limwsv

[Latio2005A]

Showroom floor traffic must have been very bad last weekend for all the bulls to come out again. Should see downtrend revision of car prices this coming weekend.

 

 

 

Some quarters keep saying COE prices will not come down, citing a big group of scrap cars owners waiting to replace their cars.

 

Hmms, maybe they are right despite

 

- MERs lurking (even PM says it is a matter of time MERs would come onshore).

 

- EU zone financial crisis which may have contagious effect on world economy. Collapse of EU zone is not improbable.Financial austerity for Portugal, France, Italy and now Greece.

 

- SMEs just reported the previous week that sentiments for business ahead is going to be poor.

 

- ISIS terrorist acts seem not yet containable in the near term.

 

- Growth forecast this remaining period of the year is lower than expected.

 

- Interests rate expected to go up, with US monetary easing taking a retreat.

 

- Property market here heading for a landing. (I avoid the term "crash landing….i am vested…hopeful.)

 

Maybe, just maybe, these people are going to be proven correct and COE prices will go up anyhow. Up up all the way, no matter how.

Edited June 29, 2015 by Latio2005A

[Limwsv]

There are 600 000 COE right now. There's 1.2 million households in Singapore excluding FTs.

Next week, 600 000 households that have been waiting for the last ten years to buy car finally decided this is the week and 1 million FTs are going to the car showrooms to order cars. COE will shoot to half a million per piece. Call your car dealer now and order it immediately before price goes up!

 

I am rolling on the floor in hilarity of the "facts" put out by the bulls.

Edited June 29, 2015 by Limwsv

[Djcoolmax]

personally I think COE prices will come down but not much.. maybe around the $50K region.

 

People driving till close to end of COE type will probably want/need a car. Buy used or new depends on finances.

 

Now add those that don't have a car and want.. to them the pricing now is the new "normal" so they will commit and buy as soon as they can... car loans, just like housing loans is part and parcel of living in Singapore.

[Spring]

personally I think COE prices will come down but not much.. maybe around the $50K region.

 

People driving till close to end of COE type will probably want/need a car. Buy used or new depends on finances.

 

Now add those that don't have a car and want.. to them the pricing now is the new "normal" so they will commit and buy as soon as they can... car loans, just like housing loans is part and parcel of living in Singapore.

I too feel that it will be at $50k thereabouts for Cat A at best as the demand is definitely there and quite a few people are holding back.

 

Only if there is a recession will COE drop to the $30k levels or even lower but in that situation, most of us average Joes will be more interested in our rice bowls than worrying about buying a new car!!

[13177]

Lol, how to drop when there are so many people out there waiting to change car, and when their current car is reaching 10th year soon?!

[Limwsv]

Lol, how to drop when there are so many people out there waiting to change car, and when their current car is reaching 10th year soon?!

 

Circuitous arguments again. As I have said, showrooms must be quiet, desperation is setting in at the car dealers to meet quota.

 

Back in December 2014,, there's is just as many people waiting to buy a new car (from those who scrap in 2014 itself) and with lesser COEs to bid for.

 

Why hasn't COE stay at 75K for Cat A and 85K for Cat B, or even better, raise by another 10K?

 

It's stupidly simple, because no one is left to buy at 75K Cat A COE. Just as there's no one left to buy at 65K Cat A COE. Those have already been carroted.

 

There are 600 000 COE right now. There's 1.2 million households in Singapore excluding FTs.

Next week, 600 000 households that have been waiting for the last ten years to buy car finally decided this is the week and 1 million FTs are going to the car showrooms to order cars. COE will shoot to half a million per piece. Call your car dealer now and order it immediately before price goes up!

 

I am rolling on the floor in hilarity of the "facts" put out by the bulls.

 

[tanahteck]

COE release though higher will be below expectations.

Equal to mad rush = higher COE

[Limwsv]

For those who are in the market to buy a car, use this forum as an indicator of the market conditions.

 

If you notice a lot of bulls in this forum, it means that car dealers are struggling. That also mean that you should pop over to your favorite car showroom and check out the number of customers looking at cars, and those signing on the dot lines.

 

If you want to be a bear and not in desperate need of a new car, my recommendation is "Hold". If the dealers are having quota issues, this round of COE will drop, precipitating a drop in price for the next round.

 

Once the car package hits your target price, buy. You should belong to the contingent of buyers willing to fork out between 55K to 60K for a Cat A COE. If you are a buyer from below 55K, sorry you will still have to wait.

 

[Duckduck]

For those who are in the market to buy a car, use this forum as an indicator of the market conditions.

 

If you notice a lot of bulls in this forum, it means that car dealers are struggling. That also mean that you should pop over to your favorite car showroom and check out the number of customers looking at cars, and those signing on the dot lines.

 

If you want to be a bear and not in desperate need of a new car, my recommendation is "Hold". If the dealers are having quota issues, this round of COE will drop, precipitating a drop in price for the next round.

 

Once the car package hits your target price, buy. You should belong to the contingent of buyers willing to fork out between 55K to 60K for a Cat A COE. If you are a buyer from below 55K, sorry you will still have to wait.

 

 

according to da poll, there are more bears than bull... in other words d mkt usually works opposite of consumer sentiment, so prices wont stray too far from current range barring global crash

Edited July 2, 2015 by Duckduck

[Little_prince]

Govt got no incentive to let Coe drop. M

It will make too many people unhappy

 

People who just buy make noise.

 

Used car dealers will make complain

 

Low income group buy car will lead to social problems

 

Reduced Govt revenue

 

So why should Govt let coe drop?

[Limwsv]

Govt got no incentive to let Coe drop. M

It will make too many people unhappy

 

People who just buy make noise.

 

Used car dealers will make complain

 

Low income group buy car will lead to social problems

 

Reduced Govt revenue

 

So why should Govt let coe drop?

 

Oh dear... our million dollars ministers are useless...

 

They have let COE prices drop from the high of 2013 by more than 20K to day.

They are losing hundreds of millions of dollars of revenue for the government. We demand they all be replaced next elections

 

Next week for the next quarter COE releases, they will announce OCS at 50% clawback for the future. The new COE norm will be 150K a piece. Base on economic analysis, that will derive the maximum revenue for the government.

 

Oh right, by the way. Govt will also announce at the same time that HDB will stop building new flats and stop releasing new land parcel for development. This will drive properties sentiments north and government will billions off tax and stamp duties as buyers rush in to buy properties before they become even more expensive. And they have no roof under their heads as Singapore is projects to grow another million citizens.

 

(

Edited July 2, 2015 by Limwsv

[Ivan_06]

COE release though higher will be below expectations.

Equal to mad rush = higher COE

 

I was one of the many to rush in for the 2nd June bidding before the revision of CEVS rebate. AD gave $5000 off, and COE dropped by $6000. Total discount $11k.

 

I can't wait for later coe liao due to some reason.

[Passion]

personally I think COE prices will come down but not much.. maybe around the $50K region.

 

People driving till close to end of COE type will probably want/need a car. Buy used or new depends on finances.

 

Now add those that don't have a car and want.. to them the pricing now is the new "normal" so they will commit and buy as soon as they can... car loans, just like housing loans is part and parcel of living in Singapore.

Buy new or buy used, the amount of money wasted is the same. So those who really know how to count, they will buy new if their purchasing power is there.