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COE Bidding – 2nd Round of February 2019

Carbon82

By Carbon82,
in General Car Discussion

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Carbon82

Carbon82

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  On 2/19/2019 at 2:33 AM, Dafansu said:

 

OK, let zoom in on "Vehicle Quota Premium", which are referring to COE premium (new car) and PQP (car >10 years).

 

FY2018

Total vehicle quota premium: $3.27 Billion

COE premium collected: $3.155 Billion (accountable for ~96.5% of total premium)

Estimated PQP collected: $0.115 Billion (~3.5% of total premium)

 

FY2019 *(Figures based on government estimation)

Total vehicle quota premium: $3.42 Billion

COE premium collected: $3.3 Billion (accountable for ~96.5% of total premium)

Estimated PQP collected: $0.12 Billion (~3.5% of total premium)

 

$3.3 Billion over 24 bidding exercise (in 12 months), the average revenue is around $137.5 Million / round, and the closest reference we can had is May 2018 bidding exercise, where average premium for cat A, B & E are around $38K.

 

Again, I am not implying that premium is going to head north soon, but if $3.42B is the KPI, it is either LTA release more COE to increase revenue, or do something that would drive up demand (and price). Ehmm... ... [sweatdrop]  [sweatdrop]

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Octopus

Octopus

3rd Gear
  On 2/19/2019 at 2:33 AM, Dafansu said:

 

Interesting data... Noticed that the "Motor Vehicle Taxes" they expecting an increase from $2.88bil to $3.09bil, increase of $0.21bil. Since the vehicle quota is zero growth, in order for more Vehicle Taxes either increasing the vehicle quota, more people driving bigger vehicle, or more people driving older vehicle?

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JQ01

JQ01

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(edited)
  On 2/20/2019 at 12:15 AM, Carbon82 said:

OK, let zoom in on "Vehicle Quota Premium", which are referring to COE premium (new car) and PQP (car >10 years).

 

FY2018

Total vehicle quota premium: $3.27 Billion

COE premium collected: $3.155 Billion (accountable for ~96.5% of total premium)

Estimated PQP collected: $0.155 Billion (~3.5% of total premium)

 

FY2019 *(Figures based on government estimation)

Total vehicle quota premium: $3.42 Billion

COE premium collected: $3.3 Billion (accountable for ~96.5% of total premium)

Estimated PQP collected: $0.155 Billion (~3.5% of total premium)

 

$3.3 Billion over 24 bidding exercise (in 12 months), the average revenue is around $137.5 Million / round, and the closest reference we can had is May 2018 bidding exercise, where average premium for cat A, B & E are around $38K.

 

Again, I am not implying that premium is going to head north soon, but if $3.42B is the KPI, it is either LTA release more COE to increase revenue, or do something that would drive up demand (and price). Ehmm... ... [sweatdrop]  [sweatdrop]

 

I really don't think govt. will do anything, it is an estimate not KPI. See last 2018 estimate v. actual, $2B different leh..

 

 

post-194101-0-87142700-1550626963_thumb.jpg

Edited by JQ01
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Ronleo

Ronleo

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  On 2/20/2019 at 12:15 AM, Carbon82 said:

OK, let zoom in on "Vehicle Quota Premium", which are referring to COE premium (new car) and PQP (car >10 years).

 

FY2018

Total vehicle quota premium: $3.27 Billion

COE premium collected: $3.155 Billion (accountable for ~96.5% of total premium)

Estimated PQP collected: $0.155 Billion (~3.5% of total premium)

 

FY2019 *(Figures based on government estimation)

Total vehicle quota premium: $3.42 Billion

COE premium collected: $3.3 Billion (accountable for ~96.5% of total premium)

Estimated PQP collected: $0.155 Billion (~3.5% of total premium)

 

$3.3 Billion over 24 bidding exercise (in 12 months), the average revenue is around $137.5 Million / round, and the closest reference we can had is May 2018 bidding exercise, where average premium for cat A, B & E are around $38K.

 

Again, I am not implying that premium is going to head north soon, but if $3.42B is the KPI, it is either LTA release more COE to increase revenue, or do something that would drive up demand (and price). Ehmm... ... [sweatdrop][sweatdrop]

Good morning!

 

Once again, appreciate your analysis.

 

I have a question, how u calculate the estimated PQP collected $0.155B?

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Huuray

Huuray

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  On 2/20/2019 at 2:38 AM, Wryer said:

Is it normal that I am unable to search my NRIC to check my bid status? Deposit was placed last weekend.

 

 

Only when a bid is placed then you can login and see the bid amt 

 

Try login later to see.. generally after 1-2pm

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cadever

cadever

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  On 2/20/2019 at 3:53 AM, Huuray said:

Only when a bid is placed then you can login and see the bid amt

 

Try login later to see.. generally after 1-2pm

Do we need a company acknowledgement code to check ?
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Ucypmas

Ucypmas

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  On 2/20/2019 at 5:55 AM, cadever said:

If no matching record found, it just means the dealer never bid right? Searched under individual..

 

Bidding lasts until 4 pm.  Dealer has until that time to put in a bid.

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