Next COE Open Bidding Exercise Starts on 05/09/2011 12:00 hr

[Junxian]

woot! got my coe today...!!

 

what car u buying ?

[Darryn]

Hmmm...Cat A COE I can buy this: http://www.trademe.co.nz/motors/specialist...n-400874452.htm

 

[Darryn]

How about these specs for less than the price of Cat B

 

 

Engine size

 

3,564cc

 

 

 

Cylinders

 

6

 

 

 

Valves per cylinder

 

4

 

 

 

Engine type

 

Piston

 

 

 

Engine configuration

 

V60

 

 

 

Induction

 

Aspirated

 

 

 

Fuel type

 

Petrol - Unleaded ULP

 

 

 

Cam

 

DOHC with VVT

 

 

 

Power

 

210kW

 

 

 

Transmission

 

6 speed, Sports Automatic

 

 

 

Number of doors

 

5

 

 

 

Seat capacity

 

5

 

 

 

Drive

 

Rear Wheel Drive

 

 

 

Steering

 

Rack and Pinion

 

 

 

Wheel base

 

2,915mm

 

[Yuan]

Great minds think alike! I was thinking of that too. Lol

 

I concur too.

[Steptronic]

Why don't LTA just open one more cat F for taxis better? Cause they are earn to drive not for the needs to drive like us.

In my opinion, it should not make much of difference as Cat F would take away its quota making almost same competition in Cat A for others (but the advantage would be: Cat A would reflect true sentiments of the common public. For example at this point of time, not all are keen to buy - but taxi companies ramp up the price. In addition, it would benifit the Jap and Korean ADs to make a proper float at lower COE levels)

 

I guess the big issue with exclusive category is the demand for taxis may not be same everytime. There were times, where taxis were almost not bidding. If so, the quota would be carried forward everytime, making way for cheaper COEs for them. On the other hand, since taxi companies are very few and their requirement is bulk, they can manupulate the prices by talking to each other.

 

Moving taxis to Cat B as some one suggested would be disaster for them as the prices would be very high (due to less quota in cat B) and ultimately passed onto us.

[Cluboxed]

can just "create" a new set of quota. like maybe 200 per session for taxi?

 

have fun bidding. 5 companies fighting for 200 taxies

 

sadly i tink LTA is not favorable of such a move...

[Woof]

If LTA to create a category for Taxi (Cat F as proposed by someone), LTA would have to take sizeable number of the COE quota out from the Cat A and Cat B (e.g. 100-150 from each Cat). Which means the prevaling Cat A and Cat B would have much lesser number of COEs available.

 

Would that make the Cat A and Cat B situation any better with a much reduced quotas? Hard to tell...

 

 

[Mllcg]

sadly i tink LTA is not favorable of such a move...

 

why not?

 

more quota= more money.

 

imagine they can bid until 50k for the taxi,

 

50000x200=1000000 liao.

[Mllcg]

If LTA to create a category for Taxi (Cat F as proposed by someone), LTA would have to take sizeable number of the COE quota out from the Cat A and Cat B (e.g. 100-150 from each Cat). Which means the prevaling Cat A and Cat B would have much lesser number of COEs available.

 

Would that make the Cat A and Cat B situation any better with a much reduced quotas? Hard to tell...

 

add new quotas lor.

[Woof]

There is no solid reason for LTA to add more COEs to the new or old CAT. The whole purpose of the COE system is to control the Total vehicle population on the road in Singapore. For now the size of the cake (total COE) is fixed and have to shared among all the categories.. all have to share this small cake.

[Richard_Peh]

Don't know when the COE will drop back to 10 to 20k range agian.......

[Falcon1668]

Don't know when the COE will drop back to 10 to 20k range agian.......

when people know how to vote wisely lor, that'll be the day

[TandemAssassin]

add new quotas lor.

 

until the day when LTA has a way to control the bidding patterns of the 5 taxi company, they must always lump taxis together with another category of vehicle. this is because COE is by auction bidding style; and in an auction where there are only 5 bidders, they will act in their self interest and bid very rationally. it is easy to be rational when there is only a small group of decision makers. so be prepared to see $1 COE every bidding for the taxi category.

 

when you include the fact that taxis are by and large the same end product charging mostly the same rates, then there is even less likelihood for taxi companies that will want to spoil the market or rock the boat.

 

 

[Mllcg]

until the day when LTA has a way to control the bidding patterns of the 5 taxi company, they must always lump taxis together with another category of vehicle. this is because COE is by auction bidding style; and in an auction where there are only 5 bidders, they will act in their self interest and bid very rationally. it is easy to be rational when there is only a small group of decision makers. so be prepared to see $1 COE every bidding for the taxi category.

 

when you include the fact that taxis are by and large the same end product charging mostly the same rates, then there is even less likelihood for taxi companies that will want to spoil the market or rock the boat.

 

but u see.

 

if taxis can only get 300+ per month, they will most definately fight it out to get that. which means fighting to outbid each other.

 

u bid too low, got 4 other companies waiting.

 

and if they bid high, costs can always be passed down to consumers.

 

they are not scared.

[Cluboxed]

but u see.

 

if taxis can only get 300+ per month, they will most definately fight it out to get that. which means fighting to outbid each other.

 

u bid too low, got 4 other companies waiting.

 

and if they bid high, costs can always be passed down to consumers.

 

they are not scared.

 

yup it's recoverable cost to the teksi companies..