THOSE WHO CHASED COE SCREWED

[Grindcore888]

the war chest is ready for battle...thanks for COE contribution....

 

[Vid]

This country is sick... citizens always kanna screwed . Have to guess and predict and made to run around by the garment . Who suffer? We suffer :angry:

[Mustank]

Whoa hin liao

[Mockngbrd]

I dun foresee it dropping anytime soon

[Throttle2]

it doesnt matter how few COEs there are available.

those who cant afford it now, will not be able to afford it when there are less COEs

so theres no future impact

 

 

The Wolf will always say that he wont eat you.

 

haha

[Mockngbrd]

http://www.asiaone.com/Motoring/News/Story...110-257246.html

[Horsey]

COE will still be high la.. jus not so much higher thats all.. so many frigging cars on the road!

[Voxy28]

while reading it I make a cal..... so what it meant was there will be no drastic reduction in quota but there will be no increase. This is bec this yr they suppose to cut 9k but the adjust this 1st half is only 1.5k. Assuming the reduction is spread across 3 yrs for the 9k cars, this means every yr the total reduction is 3k.

 

This implies that the quota for 2nd half of 2011 will remain the same or reduce if deregistration remains as today.... another 1.5k reduction overall depending on the overall quota of last half of 2010.

 

 

It means COE prices will remain as per current prices or worse go up slightly.... :angry:

 

LPPL... still reduce overall for quotas. Next yr will be worse bec this yr number oredi so low.

 

Cat A: -14%

Cat B: -11%

 

what is there to hurray.

Edited January 10, 2011 by Voxy28

[SimonTan]

I think it will reduce down to the pre nov2010 price range.

 

The current price is high due to the anticipated deep cut which would include the 9000++ reduction immediately. And many kiasu AD bid high to secure as many coe as possible.

 

Now that it will be spread over 3years...so likely the next bidding will not be aggressive as there will be ample COE for everyone.

The trend below lead to lower COE...how low? No one will know for sure.

Those who pay high car price over the last weekends might feel cheated by LTA.

 

Edited January 10, 2011 by SimonTan

[Mustank]

Whoa hin liao

[Vangaat]

I dun foresee it dropping anytime soon

 

Prolly after CNY..

[Nf0rc3r]

this is not good.. i plan swee swee quota cut finish buy one. now have to wait again lol..

[KARTer]

I think it will reduce down to the pre nov2010 price range.

 

The current price is high due to the anticipated deep cut which would include the 9000++ reduction immediately. And many kiasu AD bid high to secure as many coe as possible.

 

Now that it will be spread over 3years...so likely the next bidding will not be aggressive as there will be ample COE for everyone.

The trend below lead to lower COE...how low? No one will know for sure.

Those who pay high car price over the last weekends might feel cheated by LTA.

 

Maybe LTA dont considered this cheating. But the fact is LTA kept quiet about COE bidders' (especially dealers') speculations which pushed COE prices up past few months, resulting in car buyers paying the bills (not the dealers). This is not sharemarket where gahmen dont have to interfer. This is something sold by the gahmen. At least few words of cautions from LTA would have provided more transparency so that buyers will not be misled by dealers who also misled themselves at the expense of the buyers. ............. right/wrong?.... are we talking about a gahmen which tell us they are responsible and transparent?... why create a situation for speculations when it (COE market) is not different from property / sharemarket.... correct me if I am wrong

Edited January 10, 2011 by KARTer

[Vangaat]

Unfortunately, no matter how high the COEs, there will still be buyers.. They only have themselves to blame..

 

Warning signs are clearly visible - Our elections are coming! With so much talks of the COEs nowadays, they ought to be doing something..

[Darthrevan]

The current price is high due to the anticipated deep cut which would include the 9000++ reduction immediately. And many kiasu AD bid high to secure as many coe as possible.

 

AD sales engineers same as property agents/realtors..they'll always tell u that price will go up to drum up fear.

 

Buy only when u need something and not when its cheap, regardless of the price, provided one can afford. Then after buying, do not go and find out the price anymore.

 

 

[Ben5266]

Maybe LTA dont considered this cheating. But the fact is LTA kept quiet about COE bidders' (especially dealers') speculations which pushed COE prices up past few months, resulting in car buyers paying the bills (not the dealers). This is not sharemarket where gahmen dont have to interfer. This is something sold by the gahmen. At least few words of cautions from LTA would have provided more transparency so that buyers will not be misled by dealers who also misled themselves at the expense of the buyers. ............. right/wrong?.... are we talking about a gahmen which tell us they are responsible and transparent?... why create a situation for speculations when it (COE market) is not different from property / sharemarket.... correct me if I am wrong

LTA did not keep quiet. They came out to trash the talk of possible review of quota days before Christmas. Then in 2 weeks, they made the U turn.

For public listed company, if there are rumors, SGX will query them to made information public. Too bad, LTA themselves are the authority.

Yes, they should have inform the public that they are reviewing the coe quota policy and leave it to the public to guess for the better or worse.

[Srt911]

Dun think COE prices will drop much...most prob maintain ard the current level...the govt is dangling a carrot before election..

Lets see what happens after the election

[Enye]

With a little decrease in the number of COEs, this means that the govt is happy with the COE price levels at this moment and do not wish for the prices to rise further. Sweetener?

 

This should not lead to falling COE prices unless there is a big speculative element for the past few months.

 

I guess the next few COE biddings will give us a glimpse into the actual demand for new cars.