Picanto 3rd Gear April 14, 2014 Share April 14, 2014 car prices also never drop much after the quota announcement. any sane person would take a wait and see approach. for the ultra rich, any time is good time to buy car as the topic, did anyone visit car showrooms in past 2 days? under new COE quota 42% increased, it should be crowd ↡ Advertisement Link to post Share on other sites More sharing options...
Baal Supersonic April 14, 2014 Share April 14, 2014 (edited) If I follow the 2020 theory, then I should renew pqp 5yrs, which would see me to early 2021. Add that my omv only <11k. Wait... 2020 may coincide with the change of command. Edited April 14, 2014 by Baal Link to post Share on other sites More sharing options...
Kar_lover Supercharged April 14, 2014 Share April 14, 2014 why cant these ppl just hold back the showroom visits and purchase of cars till few more rounds of COEs (perhaps until yr end), so that car prices will be push further down with the COE price slide....really these ppl are just goondoos, go in now and drive the price up to the previous level and come back to the square one again. Even if somehow "these people" hold back and COE drops some more, then even MORE ppl will start coming in to buy - even those who don't really need a new car (eg. those whose cars are still quite new), upon seeing the low COE decide to capitalise on it as they know it will eventually rebound will start coming in. A high pressure latent demand builds up. And then, when the floodgates open (i.e. when they stop holding back), these "backlog" orders will flood the market and push the COE until high high again. Basically COE pits buyers against buyers. For buyers who don't mind paying a bit more, they don't need COE to drop so much before they enter the market. For those who want it to drop further, well, they may lose out. This is simply market forces and consumer behaviour - it's impossible for buyers to all collude to make COE lower as due to scarcity of limited quota of COEs and high desirability of having a new car, it is every man/woman for himself/herself in a competition to secure COEs - it's certainly not about "being goondu". It's like telling contractors tendering for jobs to collude and all tender high figure instead of undercutting each other - will never happen cos all of them vying for the job. Or try telling property developers not to bid so much for land parcels so that condo price can come down. None of these will work because demand >> supply. Link to post Share on other sites More sharing options...
Watwheels Supersonic April 14, 2014 Share April 14, 2014 (edited) car prices also never drop much after the quota announcement. any sane person would take a wait and see approach. for the ultra rich, any time is good time to buy car Dun have to be rich. For ppl who have completed their financial commitment and have made money in properties before the restrictions they will be able to buy car now. For housing properties you can adopt the "wait and see", for cars once coe is going to expire you cannot wait any longer or rather you dun have that luxury to wait. The decision to change car must be fast and early else when the chance comes all those waiting & seeing will chiong, drive up price again. LLST. No need to wait and see coz LTA is obviously holding back to correct their mistake 10 years ago of letting go too many quota. Now they will hold back and later distribute cautiously . We won't be seeing a surge in quota or drop too much in prices. Edited April 14, 2014 by Watwheels 3 Link to post Share on other sites More sharing options...
Darky8888 4th Gear April 14, 2014 Share April 14, 2014 agreed.. LTA will not release the COE caused it will further congest the current traffic... they will continue to promote the use of public transport and hold on to the COE.. maybe they will release the additional COE when economy not doing so well.... so as to bring down the car price and invoke buying sentiments... Link to post Share on other sites More sharing options...
Quantum 5th Gear May 11, 2014 Share May 11, 2014 agreed.. LTA will not release the COE caused it will further congest the current traffic... they will continue to promote the use of public transport and hold on to the COE.. maybe they will release the additional COE when economy not doing so well.... so as to bring down the car price and invoke buying sentiments... anyone visited car showroom this weekend? crowd or lifeless Link to post Share on other sites More sharing options...
Zniper 2nd Gear May 11, 2014 Share May 11, 2014 Taken from http://www.straitstimes.com/breaking-news/...eekend-20120827 aiya dan later when too many cars on the road, coe will go back sky high again... LPPL Link to post Share on other sites More sharing options...
Duckduck Turbocharged May 11, 2014 Share May 11, 2014 aiya dan later when too many cars on the road, coe will go back sky high again... LPPL u quoted a 2012 article... 1 Link to post Share on other sites More sharing options...
lausai88 Hypersonic May 11, 2014 Share May 11, 2014 anyone visited car showroom this weekend? crowd or lifeless I didn't visit the showroom but earlier I passed by leng kee, already saw 2 people test drive Nissan and Toyota car so should be more people in showroom Link to post Share on other sites More sharing options...
Quantum 5th Gear May 11, 2014 Share May 11, 2014 I didn't visit the showroom but earlier I passed by leng kee, already saw 2 people test drive Nissan and Toyota car so should be more people in showroom now Singaporean become more saner than before, even if COE drop so much, still to be not disturbed with others, Link to post Share on other sites More sharing options...
Alheych 6th Gear May 11, 2014 Share May 11, 2014 u quoted a 2012 article... This just goes to show how the market is cyclical and relative. Last time 50,000 was expensive, now 60,000 is cheap. Any wind blow grass move and the whole village flocks to the showrooms. If I had not seen the article date, the article could have easily applied to yesterday's situation. Link to post Share on other sites More sharing options...
Wt_know Supersonic May 11, 2014 Share May 11, 2014 last time hdb $500k was crazy now hdb $500k is acceptable same goes to coe willing seller willing buyer 4 Link to post Share on other sites More sharing options...
Ben5266 Supercharged May 11, 2014 Share May 11, 2014 anyone visited car showroom this weekend? crowd or lifeless I was having lunch at Boon tong kee.. Opposite car showroom... not many people.... ... maybe their collection is not interesting. Link to post Share on other sites More sharing options...
Yeobt Supercharged May 11, 2014 Share May 11, 2014 it doesn't mean people would start to buy car when the COE drops. well, i think the govt is trying to bring up some domestic sales figure when the general market sentiments is sort of slower. economy is bad lately. han cheng pai Link to post Share on other sites More sharing options...
Penknife 5th Gear May 12, 2014 Share May 12, 2014 it boils down to hw desperate they need the car. if everyone dun buy car, i'm sure the seller will be desperate to sell. then it will be the time to make the kill. :) Link to post Share on other sites More sharing options...
Devilcup 3rd Gear May 12, 2014 Share May 12, 2014 http://www.straitstimes.com/news/singapore/transport/story/more-traffic-brisk-sales-car-showrooms-over-weekend-20140512 here you go Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic May 12, 2014 Share May 12, 2014 I went to ubi automobile 2-3 days, i only see sales people, no buyer. Sales people sitting down waiting mosquitoes to bite him Link to post Share on other sites More sharing options...
Matoonia 6th Gear May 12, 2014 Share May 12, 2014 I went to ubi automobile 2-3 days, i only see sales people, no buyer. Sales people sitting down waiting mosquitoes to bite him When new cars enjoy brisk sales, then used cars will eat grass ↡ Advertisement Link to post Share on other sites More sharing options...
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