COE direction for 2018

[kobayashiGT]

I think is about the drivers mentality. See if he is passive or active. For Uber driver they need to be active. Take up whatever job is accepted. 

 

For taxi drivers they are usually more passive. Can give out excuses like change shift to excuse themselves from taking customer. 

I have been taking Uber recently to work as I wanted a break from driving . The 3 Uber Drivers I converse with indicate their intention to go back to driving a regular taxi after their contract (usually 6 months to 1 year contract ) is up. They cite being able to get street jobs, can choose destination ( well I was like ah hem) . For the Uber Drivers, they won’t know where you are going until you get into the car.

 

[Griever]

If quota is zero, bid wat?

I sell my scrap COE to a car dealer, if dealer wanna renew then reference to wat?

LTA pool them together for open bid?

Means that car dealer might not get his COE back if he lost the bid?

And those dun wanna to renew then LTA will release them for bidding right, but will the numbers be reduced?

 

In this case, those having a COE will not be so willing to scrap their car. Big used car dealers can hoard more used cars and renew COE. When no car get scrapped, no new COE to bid, which will kill the new car market and drive up used car price. So we will end up having more old polluting cars than new cleaner cars?

 

Just theoretical, if no COE available for bid, what will be the COE renew price going to be, zero??

[CH_CO]

Growth and quota two different things

[Mkl22]

In this case, those having a COE will not be so willing to scrap their car. Big used car dealers can hoard more used cars and renew COE. When no car get scrapped, no new COE to bid, which will kill the new car market and drive up used car price. So we will end up having more old polluting cars than new cleaner cars?

 

Just theoretical, if no COE available for bid, what will be the COE renew price going to be, zero??

Hoard? Coe is depreciating daily. Where got so money much to hoard?

[CH_CO]

I have been taking Uber recently to work as I wanted a break from driving . The 3 Uber Drivers I converse with indicate their intention to go back to driving a regular taxi after their contract (usually 6 months to 1 year contract ) is up. They cite being able to get street jobs, can choose destination ( well I was like ah hem) . For the Uber Drivers, they wonât know where you are going until you get into the car.

 

If this phenomenon pick up, Uber and grab will not buy so many cars and may even let go of some of their stock of cars, hence I am of the view coe prices will go down assuming government policies remain the same.

There are plenty of supply, look at the promotions uber main car rental supplier are providing.

 

There is already an over supply. In time, it is just a game changer or technology disruption to how we live.

 

There was a report of them selling off thousands of cars.

 

The same way mrt took over bus and planes take over ships as the primary mode of transport for the masses.

 

The drop is inevitable in a poor economy outlook for the general job market and most affected are the petrol chemicals industry.

 

Unless kelong else how will coe go up

Edited January 22, 2018 by CH_CO

[RogerNg_185295]

The real game changer is the govt policy. We do not know what they are up to

There are plenty of supply, look at the promotions uber main car rental supplier are providing.

There is already an over supply. In time, it is just a game changer or technology disruption to how we live.

There was a report of them selling off thousands of cars.

The same way mrt took over bus and planes take over ships as the primary mode of transport for the masses.

The drop is inevitable in a poor economy outlook for in the general job market and most affected are petrol chemicals industry.

Unless kelong else how will coe go up

 

[No_worries]

The real game changer is the govt policy. We do not know what they are up to

If they allow 100 percent loan and 10 years, it is anybody Guess how prices will turn out . They might citing Low delinquency rates of car loans etc blah blah.

[CH_CO]

100% is not financially sound,the current 30/70 is actually just right to me. Just only the COE prices don't sound right.

 

Wanna do the Penalty for bigger cars and worse emissions then do it properly

Edited January 22, 2018 by CH_CO

[Zze121]

In this case, those having a COE will not be so willing to scrap their car. Big used car dealers can hoard more used cars and renew COE. When no car get scrapped, no new COE to bid, which will kill the new car market and drive up used car price. So we will end up having more old polluting cars than new cleaner cars?

Just theoretical, if no COE available for bid, what will be the COE renew price going to be, zero??

 

Currently, renewal is base on prevailing quota, new system still work this way? and who set the prevailing quota without new COE injected. Everybody wanted to know how to play with the new system.

[Kia7200]

if u have to pay 50k for COE, u would want to make sure its worth ur money and use it well isn't it?

 

if COE is $1, there's less inclination to make the purchase worth the money n many will hog afew cars at home n can only drive 1 at a time.

 

Assuming COE quota is fixed, 50K COE cause more congestions for sure

This is Base on ur assumptions

 

I can give u an example too.

If $50k coe, one family can afford 1 car and ll either take train or same the car. But if $1 coe, everyone in the family buy car to go home at same time

Maybe some don't know.

 

Every year Singapore budget will set a target for coe premium example 2 billions. "they" will work hard to achieve, so u will see many new things coming out every yr to spike the coe premium

[Enye]

The drop is inevitable in a poor economy outlook for the general job market and most affected are the petrol chemicals industry.

 

 

 

why petrol chemicals industry most affected ah?

 

[CH_CO]

Coz oil price mah and the 5 finger not done yet

[andrewyewkc]

100% is not financially sound,the current 30/70 is actually just right to me. Just only the COE prices don't sound right.

 

Wanna do the Penalty for bigger cars and worse emissions then do it properly

 

Unfortunately, "right" may not be the uppermost on their minds. 

If they see fit, they will just remove all curbs on loans as they did on 22 January 2003.

http://www.mas.gov.sg/~/media/resource/legislation_guidelines/fin_companies/circulars/22%20Jan%202003%20%20BD%206%202003%20%20Lifting%20of%20Limits%20on%20Car%20Loans.pdf

 

Constant policy tweaking is made to maintain COE levels, the 6 months delay of VES for PM is primarily to avoid drastic COE price fluctuation.

 

There are many policy levers:

• COE system on categories, registration, bidding, validity, renewal, etc
• COE Policy for PHV and Taxis
• car loan regulations
• emission regulations
• vehicle growth rate
• tax policies for fuels and alternative fuels
• public transportation service levels
• etc

But since TS already say don't blame garment chut pattern, I can only say we just playing badminton.

[Enye]

Coz oil price mah and the 5 finger not done yet

 

wah so cheem ah....

 

what is 5 finger?

 

 

[CH_CO]

Cos one finger not shiok

[Sdf4786k]

There are plenty of supply, look at the promotions uber main car rental supplier are providing.

 

There is already an over supply. In time, it is just a game changer or technology disruption to how we live.

 

There was a report of them selling off thousands of cars.

 

The same way mrt took over bus and planes take over ships as the primary mode of transport for the masses.

 

The drop is inevitable in a poor economy outlook for the general job market and most affected are the petrol chemicals industry.

 

Unless kelong else how will coe go up

I saw that news of thousands of cars to sell off from uber as well. That cause the used car market to be moderated very quickly...

[Kzone]

yeah agree, based on our respective assumptions.

 

most likely we are both wrong haha.

 

This is Base on ur assumptions

I can give u an example too.
If $50k coe, one family can afford 1 car and ll either take train or same the car. But if $1 coe, everyone in the family buy car to go home at same time
Maybe some don't know.

Every year Singapore budget will set a target for coe premium example 2 billions. "they" will work hard to achieve, so u will see many new things coming out every yr to spike the coe premium

 

[Kia7200]

yeah agree, based on our respective assumptions.

 

most likely we are both wrong haha.

The coe premium target at Singapore is real.

U can Google it

 

 

U just have to get the coming Feb 2018 Singapore budget for coe premium divide by the quota for 2018 and u will know the estimate amt

 

U don't have to think of so many things like uber grab, Ves etc. Government will find ways to achieve their target