COE Bidding - December 2023

[L23]

On 12/5/2023 at 8:58 AM, Beehive3783 said:

It's easier to vote them out la.

After 50 years, nothing change...

I dont think is so say like what u mentioned wor...😃

[Beehive3783]

On 12/5/2023 at 9:42 AM, L23 said:

After 50 years, nothing change...

I dont think is so say like what u mentioned wor...😃

Wait a while more for the boomer generation to be phased out  

[Ct3833]

On 12/5/2023 at 8:58 AM, Beehive3783 said:

It's easier to vote them out la.

 

On 12/5/2023 at 9:42 AM, L23 said:

After 50 years, nothing change...

I dont think is so say like what u mentioned wor...😃

While many disagree with the way COE is structured, to run a country is a balanced manner is a different matter entirely, so when comes to voting, people will still think hard what kind of government they want, not just a COE discussion. 

[ksapple]

vested interested in this week de ><

My first car, cross my finger

[Fitmugen]

On 12/5/2023 at 11:18 AM, ksapple said:

vested interested in this week de ><

My first car, cross my finger

Cat A up $5k, Cat B down $5k 😃

[ksapple]

@Fitmugen if up gd for me i guess lol, the SA sounds super confident will get even if go for non bid, say bo bian need to registered before GST/VES increase.

[hansmith]

@ksapple you tell me which model and how much you paid, i can more or less tell you whether you will get the COE (whether non-guaranteed or not).

[hansmith]

@ksapple congratulations! First car some more!

[dafeisg]

On 12/5/2023 at 11:22 AM, Fitmugen said:

Cat A up $5k, Cat B down $5k 😃

Hope you are right! +1 😀

[ccc888]

@ksapple Even PI and various ADs all say the same thing sia...

 

Cat A will be interesting to watch.....they have 2 bids chance in order to register car by end Dec.

[Fitmugen]

The hybrids from 15k rebate become 5k right? That’s substantial. Cat A should move up 

[hansmith]

@Fitmugen To be more accurate, that's the VES A2 changes from 2023 to 2024.

Basically, its a tax hike.

[hansmith]

@ccc888 Cat A dropped $20k over 2 exercises. $10k each time.

 

It is not as substantial as cat B which dropped $40k suddenly and then rose $25k in the last bidding.

So, cat B will probably be more interesting to see what happens tomorrow.

[donn021]

I am watching closely on cat A tomorrow since I missed buying the car this week. Do you guys think cat A will start to trend upwards in the coming 1-2months? Looking to get a non VES A2.

[Kar_lover]

On 12/5/2023 at 2:09 PM, hansmith said:

@Fitmugen To be more accurate, that's the VES A2 changes from 2023 to 2024.

Basically, its a tax hike.

It's a reduction in the rebate that is given. Tax hike is like GST going to 9% and maybe the increase in ARF for those high OMV.

[hansmith]

@Kar_lover That's just semantics whether you call it rebate or tax hike.

Its a tax hike of $10k to you and me. The government wants $10k more of tax collection for each VES A2 vehicle sold.

And, they WILL collect this $10k in 2024. 

Edited December 5, 2023 by hansmith

[hansmith]

@donn021 I have no crystal ball.

But, should be up as i feel $20k drop in the past 2 exercises is sufficient to attract buyers towards cat A cars to push the COE up tomorrow.

By how much i don't know.

Last 2 exercises, can tell that the cat A demand versus 'supply' isn't as strong as cat B. 

 

[Kar_lover]

On 12/5/2023 at 2:29 PM, hansmith said:

@Kar_lover That's just semantics whether you call it rebate or tax hike.

Its a tax hike of $10k to you and me. The government wants $10k more of tax collection for each VES A2 vehicle sold.

And, they WILL collect this $10k in 2024. 

It's an entitled mentality that when a rebate is reduced, we make it sound like a penalty. The rebates were given to promote/encourage consumers to make more environmentally friendly choices during the initial stage. Now these choices have become more mainstream and requires less "encouragement". So it makes sense to reduce the incentive. If it is forever, then it is not a rebate anymore - they might as well create a different ARF calculation method for A2 cars. And by the way, some (many?) ADs have been swallowing these rebates - it never reaches the consumer. They're the real enemy here. 

 

Edited December 5, 2023 by Kar_lover