COE- March 2011 2nd Bidding Exercise

[PPeripheraL]

Well, it would help if it is indeed true dat the taxis end up with the lion's share of the COEs. Cos then having this separate category will put a limit on them.

 

For example, without limits, out of 1000 COEs for Cat A & B cars, the taxi companies may take 600 leaving 400 for pte users. But if new category is created and Pte User Cat A & Cat B is 500 and Taxi is another 500 (total COEs still the same), at least the Taxis will then only be limited to 500, releasing another 100 to pte users.

 

The point is dat its unfair for Taxi (which are revenue making) to compete with us for the same COEs. They can pay more as they can pass the cost to customers thru higher taxi rates i.e. the public ends up subsidising/paying for the COEs. So when u hear transport companies citing higher operating costs as justification for increasing fares, its not just the fuel dat is going up.

according to this thread at http://www.mycarforum.com/index.php?showto...axi*++coe*++40*, it claimed that taxi took 40% of cat a quota.. (if cannot view just search for "taxi", "coe" and "40%")

 

they should start by limiting taxi on the road, with a same amount of demand but lesser supply, taxis should have more business and should not complain of a lack or drop in business. and with a different cat for taxis and with a limited quota, the remaining quota can be given to cat a and should be made only for private and not commercial vehicles.

[SimonTan]

Think of it this way...once the taxi demand is over, CatA COE wll crash!

Taxi co cannot be bidding 200-300 COE every two weeks for the next 6 months right?

There will come a time when taxi complete their new fleet increment exercise.

 

Just wait......when Taxi stop their new car bidding....and when the no.1 AD has limited Japanese car stocks to sell, the Cat.A demand will crash!

Just have to keep checking with the no.1 AD to check on their car stocks availability. When the AD tell you need 5-6months for the car to reach Singapore...you will know their stocks are running low. Ask for the Wish model or Prius model speficially to guage.

 

 

 

 

[Kar_lover]

Think of it this way...once the taxi demand is over, CatA COE wll crash!

Taxi co cannot be bidding 200-300 COE every two weeks for the next 6 months right?

There will come a time when taxi complete their new fleet increment exercise.

 

Even if their fleet increment exercise ends (i didn't hear dat there were on one), they still need to replace existing taxis whose COEs are expired rite?

[13177]

Even if their fleet increment exercise ends (i didn't hear dat there were on one), they still need to replace existing taxis whose COEs are expired rite?

How come there is no end to the taxi replacement? Thought one taxi can last for 10 yrs?

[Mllcg]

How come there is no end to the taxi replacement? Thought one taxi can last for 10 yrs?

I doubt is replacement. Can just extend the 7yr Coe. It's upgrading and expansion. Why get sonatas and wish? Crown enough already. Just keep extending the Coe.

[Ben5266]

Think of it this way...once the taxi demand is over, CatA COE wll crash!

Taxi co cannot be bidding 200-300 COE every two weeks for the next 6 months right?

There will come a time when taxi complete their new fleet increment exercise.

 

Just wait......when Taxi stop their new car bidding....and when the no.1 AD has limited Japanese car stocks to sell, the Cat.A demand will crash!

Just have to keep checking with the no.1 AD to check on their car stocks availability. When the AD tell you need 5-6months for the car to reach Singapore...you will know their stocks are running low. Ask for the Wish model or Prius model speficially to guage.

1. No. 1 AD stock is not from Japan.

2. Monitor Wish and Prius stock level to guage Cat A price?

[Ben5266]

How come there is no end to the taxi replacement? Thought one taxi can last for 10 yrs?

Read this if you missed it.

http://www.mycarforum.com/index.php?showtopic=2657373

SMRT alone will add or renew 2000 by 2012. Average 100 per month, or 50 per bid.

[Timex1441]

Bidding status as at 22/03/2011 15:19:16.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 527 20

B CAR (ABOVE 1600CC) 1 424 10

C GOODS VEHICLE & BUS 1 281 1

D MOTORCYCLE 1 362 54

E OPEN 1 330 0

wow, no bids for open cat at 3.20pm

[Kangadrool]

Motorbikes very popular leh. 54 liao. All the other CATs added up also no fight.

[Kar_lover]

Bidding status as at 22/03/2011 15:19:16.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 527 20

B CAR (ABOVE 1600CC) 1 424 10

C GOODS VEHICLE & BUS 1 281 1

D MOTORCYCLE 1 362 54

E OPEN 1 330 0

wow, no bids for open cat at 3.20pm

 

Huh....bidding close tmrw leh....

[Timex1441]

Huh....bidding close tmrw leh....

oh, haha, sorry, i thot today's wednesday....i guess tat's the result of working OT for 2 wks in a row n running on little sleep

[Carer]

1. No. 1 AD stock is not from Japan.

2. Monitor Wish and Prius stock level to guage Cat A price?

 

Not from japan directly but indirectly. look at all the electronic parts, components, engine etc. they are from japan. made in thailand doesnt mean it is entirely made in thailand.

 

just take a look at the semi con industry. prices have already risen 20% just within days of the earthquake.

[Timex1441]

u r rite....there's going to be significant impact on the production output of car manufacturers....

 

http://www.ctv.ca/generic/generated/static...cle1950295.html

Japan auto makers in the first two weeks after the March 11 earthquake and tsunami will lose about 65 per cent in light vehicle production, industry consultant IHS Automotive Insight said Monday in a report.

 

Japan output is normally about 37,200 vehicles per day, or about 521,000 in a two-week period. IHS said that nearly 338,000 vehicles of that production through Friday will have been lost.

 

Lost production outside of Japan is so far about 10,000 vehicles, but that number will rise

[Nomura]

The Conti Brands are attacking the Cat A market with their <1.6 makes! This will definitely push up the Cat A COE to a new level, knowing that they have a huge margin to play with!

 

The Nippon Brands are tied down by the rising Yen and the Conti Cars now have a lower OMV due to the weaken Euros! Imagine a VW Touran's OMV is only $18k+, compared to a Wish or Stream which is much higher!

Edited March 22, 2011 by Nomura

[Darryn]

Well, it would help if it is indeed true dat the taxis end up with the lion's share of the COEs. Cos then having this separate category will put a limit on them.

 

For example, without limits, out of 1000 COEs for Cat A & B cars, the taxi companies may take 600 leaving 400 for pte users. But if new category is created and Pte User Cat A & Cat B is 500 and Taxi is another 500 (total COEs still the same), at least the Taxis will then only be limited to 500, releasing another 100 to pte users.

 

The point is dat its unfair for Taxi (which are revenue making) to compete with us for the same COEs. They can pay more as they can pass the cost to customers thru higher taxi rates i.e. the public ends up subsidising/paying for the COEs. So when u hear transport companies citing higher operating costs as justification for increasing fares, its not just the fuel dat is going up.

 

I tell you gubermint reasoning...

 

 

the high price of taxi fares means you should be willing to pay more to own private car, as the "investment payoff" is more worthwhile. THen they will say because private car so expensive is perfectly justifiable that taxi charge more.....circular reasoning is what they are great at.

[Darryn]

Think of it this way...once the taxi demand is over, CatA COE wll crash!

Taxi co cannot be bidding 200-300 COE every two weeks for the next 6 months right?

There will come a time when taxi complete their new fleet increment exercise.

 

Just wait......when Taxi stop their new car bidding....and when the no.1 AD has limited Japanese car stocks to sell, the Cat.A demand will crash!

Just have to keep checking with the no.1 AD to check on their car stocks availability. When the AD tell you need 5-6months for the car to reach Singapore...you will know their stocks are running low. Ask for the Wish model or Prius model speficially to guage.

 

Psst Wish is Cat B - I would doubt very much whether cat B is going to be affected at all by Japan supply...and is not part of taxi.

[MTRAC]

Well, it would help if it is indeed true dat the taxis end up with the lion's share of the COEs. Cos then having this separate category will put a limit on them.

 

For example, without limits, out of 1000 COEs for Cat A & B cars, the taxi companies may take 600 leaving 400 for pte users. But if new category is created and Pte User Cat A & Cat B is 500 and Taxi is another 500 (total COEs still the same), at least the Taxis will then only be limited to 500, releasing another 100 to pte users.

 

The point is dat its unfair for Taxi (which are revenue making) to compete with us for the same COEs. They can pay more as they can pass the cost to customers thru higher taxi rates i.e. the public ends up subsidising/paying for the COEs. So when u hear transport companies citing higher operating costs as justification for increasing fares, its not just the fuel dat is going up.

 

1. Taxi coe is under CAT A, it has got nothing to do with CAt B. Your example should not take CAT B into consideration otherwise very blur.

I would agree with your assumption if let says CAT A coe is 500. Splitting the Taxi and Pte small cars and the Coe is also splitted equally i.e, 250 each.

Problem here is that since there are alot of demands for Taxi, they might skew the sharing towards the Taxi giving them higher percent of quota

for e.g. 70 % vs 30% for pte small cars.

 

2. Assuming that they were to split equally the Coe for cat A between taxi and pte car, initial reaction would be the small car coe will drop in price

but this drop might be short lived unless the coe in Cat B also drop otherwise there will be a great disparity between small car coe and Cat B for eg 10k vs 60K.

 

3. Under this scenario, the most likely thing to happen is that more people will buy small car and coe will rise back closer to the CAt B again. The only way COE can

really come down is for them to release more COE or for the economy to take a downturn. If the latter were to happen, alot of people might not hv a job to buy car.

 

4. I totally agree with you that it is very unfair for them to share the same coe as one is revenue churning while the other is mostly for private use of course, some

salesman used it to make a living.

Edited March 22, 2011 by MTRAC

[MTRAC]

Psst Wish is Cat B - I would doubt very much whether cat B is going to be affected at all by Japan supply...and is not part of taxi.

 

CAT B is supported mostly by BM and Merc. Some by VW.

 

Wish and Stream has been out of the race for a long time since COE rise above 40K or since there is a huge disparity between

CAT A n CAT B becos those buying small MPV has switch to VW Touran and some other conti small CC turbo charged car.

Touran delivery is now around 5 to 6 mths.