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COE direction for 2018

SGCMHello

By SGCMHello,
in General Car Discussion

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SGCMHello

SGCMHello

4th Gear

Where do you think COE is heading?

 

Reasons for COE to come down:

- Grab, Uber has stopped expanding.

- Comfort and Uber tie up may get rid of surplus cars

- taxi companies have many taxi that no driver is renting

- 2008; 2009 huge batch of cars are due for scrap.

- people switching to uber/grab, and new MRT lines.

- 1 rocket from N Korea to US will bring down COE, but increase Oil & Gold price.

- And where have the buyers gone? A motor show and CNY did not push COE up, surprising.

 

Reasons for COE to go up:

- zero car growth starts in Feb

- more stringent VES in Jun 2018 making cars more expensive

- global and local economic growth forecasted for 2018

- strong stock market. COE & stock market are correlated if u hv not realised.

- Trump is pro business, bode well for global economy.

- Enbloc fever is turning Thousands of households into millionaires. Once these households get the $, a portion of them will upgrade/buy etc.

 

Where do u think car prices are heading ?

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Watwheels

Watwheels

Supersonic

Isn't it obvious? Just look at last year.

 

2 times the news media report record number of car owners extending coe.

Once in Feb another in July 2017

http://www.straitstimes.com/singapore/transport/coes-extended-for-record-number-of-vehicles

http://www.tnp.sg/news/singapore/record-number-car-owners-extending-coes

 

Ask these car owners lo. Maybe they saw something coming. To them no need to ask further. Or maybe it's too obvious for them?

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Jwee85

Jwee85

5th Gear

I hear rumours....not confirmed.

 

Due to VES, most dealers did not bring in the FULL quantities of cars stock in their warehouse.

Fear that they may get stuck with cars that cannot sell due to $20k VES like the entire Suzuki range of cars. (Suzuki might be panicking now, or not?)

 

So the urge to bid COE for customers are not strong this week.

 

But now that VES is more or less determined.

AD will be shipping in the cars to satisfy Rich singaporeans car buyers.

 

Plus the timely news on the COE quota reduction yesterday. 

This weekends there will be a surged of car buyers begging AD to take their money!

 

So the hope for post-CNY cheap COE will not happen this year.

 

Attrage at $67,999. Better grab it before it sold out.

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Watwheels

Watwheels

Supersonic

I hear rumours....not confirmed.

 

Due to VES, most dealers did not bring in the FULL quantities of cars stock in their warehouse.

Fear that they may get stuck with cars that cannot sell due to $20k VES like the entire Suzuki range of cars. (Suzuki might be panicking now, or not?)

 

So the urge to bid COE for customers are not strong this week.

 

But now that VES is more or less determined.

AD will be shipping in the cars to satisfy Rich singaporeans car buyers.

 

Plus the timely news on the COE quota reduction yesterday. 

This weekends there will be a surged of car buyers begging AD to take their money!

 

So the hope for post-CNY cheap COE will not happen this year.

 

Attrage at $67,999. Better grab it before it sold out.

 

Suzuki dealership here is under Borneo Motors. You think they will panick or not? If they are small fish, maybe lah.

 

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KKTAN

KKTAN

2nd Gear

you miss an all important factor...

 

our gahment (chui new pattern) [laugh]

When Govt announce gst increase, another round of panic buying will evolved to drive up coe. Like stock market and now is correction time.
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Spring

Spring

Moderator

When Govt announce gst increase, another round of panic buying will evolved to drive up coe. Like stock market and now is correction time.

 

GST is on OMV.

As such a $15k OMV only pays $300 more for a 2% GST increase so I don't think there will be any panic on GST increase.

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Matrix0405

Matrix0405

5th Gear

Ha. You don't have to worry

 

Our government will make sure the stability of this coe la. They got many plans one

 

 

Totally agree. Q1 is GST panic buy. Q2 is VES (2.0) panic buy. Don worry, the next 6 mth already got plans.  

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Enye

Enye

Hypersonic

Where do you think COE is heading?

 

Reasons for COE to come down:

- Grab, Uber has stopped expanding.

- Comfort and Uber tie up may get rid of surplus cars

- taxi companies have many taxi that no driver is renting

- 2008; 2009 huge batch of cars are due for scrap.

- people switching to uber/grab, and new MRT lines.

- 1 rocket from N Korea to US will bring down COE, but increase Oil & Gold price.

- And where have the buyers gone? A motor show and CNY did not push COE up, surprising.

 

Reasons for COE to go up:

- zero car growth starts in Feb

- more stringent VES in Jun 2018 making cars more expensive

- global and local economic growth forecasted for 2018

- strong stock market. COE & stock market are correlated if u hv not realised.

- Trump is pro business, bode well for global economy.

- Enbloc fever is turning Thousands of households into millionaires. Once these households get the $, a portion of them will upgrade/buy etc.

 

Where do u think car prices are heading ?

 

coe up car price may not go up 

 

coe down car price may not go down

 

so what are you trying to predict again?

 

:D

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Evillusion

Evillusion

Supersonic

GST is on OMV.

As such a $15k OMV only pays $300 more for a 2% GST increase so I don't think there will be any panic on GST increase.

only for the informed and those that can see through the clouds. Those that take news as what is written will sure panic wan.......
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Julio369

Julio369

1st Gear

Carlite policy, on one hand, need more people to take MRT to cover new lines cost, on the other, need more revenues from car ownership.

 

Noticed that they're building huge mscp for new BTO, cannot be carlite policy leh.

 

I bet the weekend cars policy will be tweaked to gain more car ownership, pay as you drive?

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Kia7200

Kia7200

5th Gear

Totally agree. Q1 is GST panic buy. Q2 is VES (2.0) panic buy. Don worry, the next 6 mth already got plans.

Coming one is 10yrs loan la. U c la after Singapore budget in Feb.

Carlite policy, on one hand, need more people to take MRT to cover new lines cost, on the other, need more revenues from car ownership.

 

Noticed that they're building huge mscp for new BTO, cannot be carlite policy leh.

 

I bet the weekend cars policy will be tweaked to gain more car ownership, pay as you drive?

If really one day most singaporeans don't buy car, u see our government chu what pattern. They only wayang la
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Evillusion

Evillusion

Supersonic

nobody knows for sure... just buy the car if you think the price is right for you, and dont regret.

wah....bro....u dont sleep and not working har? Ysterday 8 pm we joking, woke up and see you posted at 3am......and now still surfing mcf?
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kdash

kdash

Supersonic

wah....bro....u dont sleep and not working har? Ysterday 8 pm we joking, woke up and see you posted at 3am......and now still surfing mcf?

 

bro, my kid is sick, so sleep time is erratic haha... all parents should understand...  [laugh]

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