Darryn Turbocharged July 12, 2012 Share July 12, 2012 Seems like it is steering towards the case, this is the last July bid before the COE reduce from Aug 2012. There will be some Kiasu-ism at play also... would expect a decent jump this round. ↡ Advertisement Link to post Share on other sites More sharing options...
13177 Supersonic July 12, 2012 Share July 12, 2012 Which is a good thing. People should really learn to take better care of their car and know more about maintenance Actually nothing to do whether people know how to take care of their car. It is simply because when car is cheap, people always have th mindset of selling off the car after the warranty ends, or before the car reached 5 year old. Even when the car has no problem or the car is service regularly. People mindset here is dont want to spend money on replacing wear and tear parts, and they rather use the money to change the entire car. Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear July 12, 2012 Author Share July 12, 2012 Cat A small car (Cars 1600cc and below and taxi) Cut from 1,239 to 786 monthly. 37 percent cut.... Cat B big car, Cat C (goods) Cat D (bike) Cat E (Open category). Since open category also cut from 617 to 485, 22 percent drop, it may have impact on Cat B category bec most are used to register with open cat. Link to post Share on other sites More sharing options...
Jay77 Neutral Newbie July 12, 2012 Share July 12, 2012 There will be some Kiasu-ism at play also... would expect a decent jump this round. Not forgetting the Taxi companies contributing to the jump. Link to post Share on other sites More sharing options...
Dfstan Neutral Newbie July 12, 2012 Share July 12, 2012 Cat A small car (Cars 1600cc and below and taxi) Cut from 1,239 to 786 monthly. 37 percent cut.... Cat B big car, Cat C (goods) Cat D (bike) Cat E (Open category). Since open category also cut from 617 to 485, 22 percent drop, it may have impact on Cat B category bec most are used to register with open cat. Thanks, Tickish8! i bet 2nd COE bidding exercise this month surely shoot up for all categories! garment did mentioned they will reduce progessively but the key word is it will "continue reducing COE" overtime. it's a ridiculous amount to buy the "entitlement" to drive a car in Singapore.... Link to post Share on other sites More sharing options...
Kar_lover Supercharged July 12, 2012 Share July 12, 2012 I won't be surprised if this weekend car dealer will already jack up their price in anticipation of strong demand to beat the Aug cut. Next Wed is the last Jul bid. Link to post Share on other sites More sharing options...
Old-driver 5th Gear July 12, 2012 Share July 12, 2012 Cat A will go up initially but subsequently if Cat A cars are evenly priced at a Cat B, then perhaps Cat B will move up? better margins for the ADs Link to post Share on other sites More sharing options...
Darryn Turbocharged July 12, 2012 Share July 12, 2012 Cat A will go up initially but subsequently if Cat A cars are evenly priced at a Cat B, then perhaps Cat B will move up? better margins for the ADs Think both will go up, but I think the gap between the two will narrow. Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear July 12, 2012 Author Share July 12, 2012 A total of 19,351 Certificates of Entitlement (COE) will be made available between August this year and January 2013. This is 2,809 COEs fewer, or a cut of 12.7 per cent, than for the previous six-month period from February to July 2012 which had 22,160 COEs available. The cut comes mainly from the small cars category which will now have a monthly quota of just 786, down from 1,239 between February and July this year. The COE quota for the open category also dropped significantly. It will now have a quota of 485, a 21.3 per cent drop from the previous six-month period. The COE quota for big cars will be 701 per month. This is comparable to the monthly quota of 699 between February and July 2012. For goods vehicles and buses, the COE quota has been increased to 360 per month, a 12.85 per cent increase from the previous six-month period. There will also be more monthly COEs for motorcycles at 894, up from 820 in the previous six-month period. The bidding under this quota will start with the August 2012 First Open Bidding Exercise. The Land Transport Authority (LTA) said the COE quota for August 2012 to January 2013 consists of two components. These include the provision for a one per cent vehicle growth based on the vehicle population as at December 31, 2011; and the replacement COEs for vehicles de-registered between January and June this year. The next COE quota announcement for the COE bidding period from February 2013 to July 2013 will be made in January 2013. In May 2012, LTA had announced that the vehicle growth rate will be reduced to 1.0 per cent per annum from August 2012, before being further reduced to 0.5 per cent each year from February 2013 to January 2015. In addition, a total of 4,789 remaining adjustments for over-projections in Quota Years 2008 and 2009 that were scheduled to be spread over bidding months from August 2012 to January 2014 will now be deferred for one year from August 2012 to July 2013. They will resume from August 2013 to January 2015. Link to post Share on other sites More sharing options...
Darryn Turbocharged July 12, 2012 Share July 12, 2012 In addition, a total of 4,789 remaining adjustments for over-projections in Quota Years 2008 and 2009 that were scheduled to be spread over bidding months from August 2012 to January 2014 will now be deferred for one year from August 2012 to July 2013. They will resume from August 2013 to January 2015. Oh CRAP! [rifle] That's not good news Link to post Share on other sites More sharing options...
Dragonfly1 1st Gear July 12, 2012 Share July 12, 2012 Is the ever increasing COE harming Singapore economy driving up the inflation?? People takes on more expensive car loan with higher debts, drying the excess liqudity, discouraging young people from saving....... I m worried for the future of this county!!!! Link to post Share on other sites More sharing options...
Xers007 Supercharged July 12, 2012 Share July 12, 2012 so this is a good time to go for a newer 2nd hand Cat A car as it will sure drive up the price of these cars after the Aug bidding. Link to post Share on other sites More sharing options...
Xers007 Supercharged July 12, 2012 Share July 12, 2012 Is the ever increasing COE harming Singapore economy driving up the inflation?? People takes on more expensive car loan with higher debts, drying the excess liqudity, discouraging young people from saving....... I m worried for the future of this county!!!! Well, it is inline with the price of the flats mah.... Link to post Share on other sites More sharing options...
Dark 5th Gear July 12, 2012 Share July 12, 2012 Will we see less Japanese car on the road???? Cat A cars will be gradually replaced by entry-level C-class, 1-series, A3 and Taxis. Link to post Share on other sites More sharing options...
Dark 5th Gear July 12, 2012 Share July 12, 2012 Which is a good thing. People should really learn to take better care of their car and know more about maintenance Nowadays people dun even know how to push the car to the side when breakdown/stalled in the middle of the road. Link to post Share on other sites More sharing options...
Liping24cn Clutched July 12, 2012 Share July 12, 2012 For sure low end jap and Korean car will die slowly. Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear July 12, 2012 Author Share July 12, 2012 But I love Jap car... For sure low end jap and Korean car will die slowly. Link to post Share on other sites More sharing options...
Alheych 6th Gear July 12, 2012 Share July 12, 2012 the whole concept of taxis being in cat A has been criticised to no end. from a government perspective, it may be to make sure taxis don't get abused (like they already are starting to). but that can be a regulatory issue, and the burden should not be shifted to the market. ↡ Advertisement Link to post Share on other sites More sharing options...
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